1568 N 10th St Reading, PA 19604

Listing Details

• Property Type: Multi-Family
• Property Sub Type: Triplex
• Structure Type: End Of Row/Townhouse
• Architectural Style: Victorian
• Accessibility Features: 2+ Access Exits
• Ownership: Fee Simple
• Home Warranty: No
• Inclusions: 2 Range/Ovens, 2 Refrigeartors
• New Construction: No
• Other Expense: 7922.00
• Year Built: 1900
• Automatically Close On Close Date: No
• Building Winterized: No
• Remarks Public: Very large Victorian upper NE Reading 3 unit end of row near Albright College fully rented and in very good condition overall with paved parking for 2 cars. The owner pays for the gas heat, gas hot water, water, sewer, trash & recycling. The heating unit is a modern, high efficiency Bosch wall mounted gas boiler installed 11-15/2013. The hot water heater is a high efficiency power vented single gas water heater for the entire building and paid for by the owner installed around 2016. Tenants pay for their electric. The electric is updated and has a 200 AMP main service with 3 - 100 AMP panels for the units. The main roofs are metal, the mansard roof is asphalt shingle. Unit 1 is the 28x12 storefront with 2 rooms, display window, half bath, laundry tub, rented for $550 a month by a 4 year tenant. Unit 2 is the 1st & 2nd floor rear and has 3 rooms, 1 very large BR on the 2nd floor, living room, kitchen, bath, electric cooking, 1 parking space, rented for $700 a month by a 1 year tenant. Unit 3 is the 2nd & 3rd floor front and has 4 rooms, 2 BRS on the 3rd floor, living room, kitchen, bath, electric cooking, rented for $800 a month by a 3 year tenant. The basement unit is being occupied by a family member and is not considered an approved unit but is rented for $375 a month. This rent is not factored into the gross income. Total income: $24,600. Total expenses: $8962. NOI: 15,638. CAP Rate: 9%. Expenses breakdown: Total Gas: $2616.06. WSTR: $3,177. Taxes: $2,129. Insurance: $940. Permits: $100. Solid investment opportunity with plenty of room to increase the rents, income and CAP Rate and is perfectly located within close proximity to schools, medical, shopping and major roads. This is definitely one to have in your investment portfolio! City Of Reading Code inspected and compliant on 3/11/20.
• Special Features: None

Interior Features

• Appliances: Exhaust Fan, Oven/Range - Electric, Refrigerator, Water Heater
• Flooring Type: Vinyl, Laminated
• Interior Amenities: Stall Shower, Walk-In Closet(s)
• Fireplace: No
• Foundation Details: Stone
• Room Count: 9
• Basement: Yes
• Basement Type: Interior Access, Outside Entrance, Improved, Partially Finished, Rear Entrance, Side Entrance, Walkout Stairs, Unfinished, Heated
• Total Sq Ft: 2130
• Living Area Sq Ft: 2130
• Price Per Sq Ft: 84.51
• Above Grade Finished Sq Ft: 2130
• Above Grade Finished Area Units: Square Feet
• Street Number Modifier: 1568

Exterior Features

• Other Structures: Above Grade, Below Grade
• Construction Materials: Brick
• Exterior Features: Exterior Lighting, Sidewalks, Street Lights
• Roof: Asphalt, Shingle, Metal
• Spa: No
• Water Access: No
• Waterfront: No
• Water Oriented: No
• Pool: No Pool
• Tidal Water: No
• Water View: No

Garage/Parking

• Garage: No
• Parking Features: Paved Parking
• Total Garage And Parking Spaces: 2
• Type Of Parking: Off Street
• Off Street Parking Spaces: 2

Utilities

• Central Air Conditioning: No
• Cooling Fuel: Electric
• Cooling Type: Window Unit(s), Wall Unit
• Electric Service: 200+ Amp Service, Circuit Breakers
• Heating Fuel: Natural Gas
• Heating Type: Hot Water, Radiant
• Heating: Yes
• Hot Water: Natural Gas
• Sewer/Septic System: Public Sewer
• Utilities: Above Ground, Electric Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
• Water Source: Public
• Municipal Trash: Yes

Condo/Co-op/Association

• HOA: No

Schools

• School District: READING
• School District Key: 300200397169
• School District Source: Listing Agent

Green Features

• Clean Green Assessed: No

Lot Info

• Improvement Assessed Value: 32900.00
• Land Assessed Value: 15800.00
• Land Use Code: 4120
• Lot Size Acres: 0.03
• Lot Dimensions: 0.00 x 0.00
• Lot Size Units: Square Feet
• Lot Sq Ft: 1307.00
• Outdoor Living Structures: Patio(s)
• Property Condition: Good
• Year Assessed: 2021
• Zoning: R3

Rental Info

• Existing Lease Type: Long Term, Month To Month, Yearly
• Ground Rent Exists: No
• Number Of Units Month To Month: 1
• Owner Pays: Gas, Heat, Insurance, Lawn/Shrub Care, Repairs, Sewer, Sewer Maintenance, Snow Removal, Taxes - Real Estate, Trash Collection, Water
• Rent Control: No
• Total Actual Rent: 24600.00
• Units Leased Count: 3
• Vacation Rental: No

Tax Info

• Assessor Parcel Number: 1461211
• School Tax: 873.00
• Tax Annual Amount: 2129.00
• Assessor Parcel Number: 17-5317-21-08-4981
• Tax Lot: 4981
• County Tax Payment Frequency: Annually
• Tax Year: 2020
• Close Date: 07/16/2021

Multi Family

• Number Of Units Vacant: 1
• Gross Income: 24600.00
• Gross Scheduled Income: 24600.00
• Income Includes: Apartment Rentals
• Operating Expense: 8962.00
• Other Units: Unit 1,Unit 2,Unit 3
• Single Room Units Count: 1

MLS Schools

• School District Name: READING