NOT LISTED FOR SALE
-- Bed
-- Bath
-- Sq Ft
1,742 Sq Ft Lot

Last Sold October 19, 2018

Last sale price $122,500

7 Days on Market

Highlights

  • Wood Flooring
  • En-Suite Primary Bedroom
  • Replacement Windows
  • No HOA
  • Forced Air Heating System
  • 4-minute walk to City Park

About This Home

As of October 2018

Great Cash Flow on this 5 unit building. The building has all new windows but the ones on the 3rd floor front. The roof and gas heater are also newer. The owner pays the gas heat, water, sewer and trash. The tenants pay their gas hot water and gas cooking and electric. All expenses are shown on the sheet, even management fees. Over $24,000 a year net profit on this building. Great location to Penn St. shopping, the Doubletree hotel, and the park.

Last Listed By

Ed Stauffer

RE/MAX Of Reading License #RS294153 Listed on: 09/21/2018

RE/MAX Of Reading

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,610

Year Built

  • Built in 1890

Lot Details

  • 1,742 Sq Ft Lot
  • Property is in good condition

Parking

  • On-Street Parking

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Stone Foundation

Interior Spaces

  • En-Suite Primary Bedroom
  • Replacement Windows
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Tile or Brick

Schools

  • Reading Senior High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • 200+ Amp Service
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 1996
  • Assessor Parcel Number 03-5316-21-19-1996

Community Details

Overview

  • No Home Owners Association

Building Details

  • Electric Expense $807
  • Insurance Expense $963
  • Maintenance Expense $2,050
  • Operating Expense $10,628

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,610

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Interior Row/Townhouse
  • Ownership: Fee Simple
  • Inclusions: 5 Stoves, 5 Refrig's.
  • New Construction: No
  • Year Built: 1890
  • Remarks Public: Great Cash Flow on this 5 unit building. The building has all new windows but the ones on the 3rd floor front. The roof and gas heater are also newer. The owner pays the gas heat, water, sewer and trash. The tenants pay their gas hot water and gas cooking and electric. All expenses are shown on the sheet, even management fees. Over $24,000 a year net profit on this building. Great location to Penn St. shopping, the Doubletree hotel, and the park.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring Type: Wood, Tile/Brick
  • Window Features: Replacement
  • Fireplace: No
  • Entry Location: Foyer
  • Foundation Details: Stone
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Street Number Modifier: 17

Exterior Features

  • Construction Materials: Brick
  • Exterior Features: Sidewalks, Street Lights
  • Roof: Flat
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Street
  • Type Of Parking: On Street

Utilities

  • Annual Heating Expense: 1574.00
  • Central Air Conditioning: No
  • Electric Expense: 807.00
  • Electric Service: 200+ Amp Service, Circuit Breakers
  • Heating Fuel: Natural Gas
  • Heating Type: Gas, Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 3624.00
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Schools

  • School District: READING
  • High School: READING SENIOR
  • School District Key: 300200397169
  • High School: READING SENIOR

Lot Info

  • Improvement Assessed Value: 26200.00
  • Land Assessed Value: 11000.00
  • Lot Size Acres: 0.04
  • Lot Dimensions: IRREG
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1742.00
  • Property Condition: Good
  • Zoning: RES

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 35100.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3
  • Single Room Units Count: 5

Tax Info

  • Assessor Parcel Number: 1442273
  • Tax Annual Amount: 1610.00
  • Assessor Parcel Number: 03-5316-21-19-1996
  • Tax Lot: 1996
  • Tax Year: 2018
  • Close Date: 10/19/2018

MLS Schools

  • School District Name: READING

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/19/2018 10/19/18 Sold $122,500 -9.2% --
09/28/2018 09/28/18 Pending -- -- --
09/21/2018 09/21/18 For Sale $134,900 -- --
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1006532872

Bright MLS