NOT LISTED FOR SALE

2023 Penn Ave Reading, PA 19609

-- Bed
-- Bath
1,134 Sq Ft
3,485 Sq Ft Lot

Last Sold September 14, 2017

Last sale price $270,000 $238 Per Sq Ft

28 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted In Outer Wall Opening
  • Wall to Wall Carpet
  • Wilson High School Rated A-
  • En-Suite Primary Bedroom
  • Heating System Uses Oil

About This Home

As of September 2017

Salon Desiree Investment complex on Route 422 corridor in Spring Township. This is a highly visible location, with traffic from Spring/West Lawn and Wyomissing, 23,000 +/- vehicles daily. The 4 unit complex includes the operating Salon space, a three bedroom apartment above, a three bedroom adjacent home, and an operating Barber Shop.All units are leased, the Salon is owner operated. The investment includes 2 parcels, 2023 and 2025 Penn Ave. Property is zoned commercial and mixed Use and residential. Buyers should verify with Spring township for all intended uses. This is an excellent business opportunity and investment cash flow.

Last Listed By

Kate Steffy

Keller Williams Platinum Realty - Wyomissing License #RM419392 Listed on: 06/22/2017

Keller Williams Platinum Realty - Wyomissing

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,912

Year Built

  • Built in 1925

Lot Details

  • 3,485 Sq Ft Lot
  • Property is in good condition

Parking

  • 5 Open Parking Spaces

Home Design

  • 1,134 Sq Ft Home
  • Duplex
  • Brick Exterior Construction
  • Shingle Roof
  • Vinyl Siding

Flooring

  • Wall to Wall Carpet
  • Vinyl

Bedrooms and Bathrooms

  • En-Suite Primary Bedroom

Schools

  • Wilson High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Oil
  • 200+ Amp Service
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 9134
  • Assessor Parcel Number 80-4396-09-07-9134

Community Details

Overview

  • No Home Owners Association

Building Details

  • Insurance Expense $1,300
  • Maintenance Expense $2,062
  • Operating Expense $11,340

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,912

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Ownership: Fee Simple
  • Exclusions: "Salon Desiree" Business Title
  • Inclusions: 2 Stoves, 3 Fridges, Dishwasher, Wash/Dry, Salon Equipment If Needed
  • New Construction: No
  • Year Built: 1925
  • Remarks Public: Salon Desiree Investment complex on Route 422 corridor in Spring Township. This is a highly visible location, with traffic from Spring/West Lawn and Wyomissing, 23,000 +/- vehicles daily. The 4 unit complex includes the operating Salon space, a three bedroom apartment above, a three bedroom adjacent home, and an operating Barber Shop.All units are leased, the Salon is owner operated. The investment includes 2 parcels, 2023 and 2025 Penn Ave. Property is zoned commercial and mixed Use and residential. Buyers should verify with Spring township for all intended uses. This is an excellent business opportunity and investment cash flow.
  • Special Features: None

Interior Features

  • Flooring Type: Fully Carpeted, Vinyl
  • Interior Amenities: Store/Office
  • Fireplace: No
  • Entry Location: Private
  • Room List: Primary Bedroom
  • Basement: No
  • Laundry Type: Has Laundry
  • Total Sq Ft: 1134
  • Living Area Sq Ft: 1134
  • Price Per Sq Ft: 246.03
  • Above Grade Finished Sq Ft: 1134
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2023-25

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Vinyl Siding, Brick
  • Roof: Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 5

Utilities

  • Annual Heating Expense: 1267.00
  • Central Air Conditioning: No
  • Cooling Type: Wall Unit
  • Cooling: Yes
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Oil, Electric
  • Heating Type: Oil, Electric
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 799.00
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: WILSON
  • High School: WILSON
  • School District Key: 300200397305
  • High School: WILSON

Lot Info

  • Improvement Assessed Value: 43900.00
  • Land Assessed Value: 25700.00
  • Land Use Code: 161
  • Lot Size Acres: 0.08
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3485.00
  • Property Attached Yn: Yes
  • Property Condition: Good
  • Zoning: RES

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 41340.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3

Tax Info

  • Assessor Parcel Number: 1586371
  • Tax Annual Amount: 5912.00
  • Assessor Parcel Number: 80-4396-09-07-9134
  • Tax Lot: 9134
  • Tax Year: 2017
  • Close Date: 09/14/2017

MLS Schools

  • School District Name: WILSON

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 22, 2017
Closed on
Sep 18, 2017
Sold by
Heinz John and Heniz Desiree
Bought by
Levering James
Seller's Agent
Kate Steffy
Keller Williams Platinum Realty - Wyomissing
Buyer's Agent
Marilyn Ribeiro
Network Realty
List Price
$279,000
Sold Price
$270,000
Premium/Discount to List
-$9,000
-3.23%
Total Days on Market
28

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Outstanding Balance
$183,079
Interest Rate
3.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 23, 2003
Sold by
Elliott Stuart G and Elliott Louise
Bought by
Elliott Stuart G

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Levering James $270,000 --
Elliott Stuart G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Levering James $216,000
Previous Owner Heinz John $30,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/14/2017 09/14/17 Sold $270,000 -3.2% $238 / Sq Ft
07/20/2017 07/20/17 Pending -- -- --
06/22/2017 06/22/17 For Sale $279,000 -- $246 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,778 $93,100 $39,700 $53,400
2024 $3,983 $93,100 $39,700 $53,400
2023 $3,795 $93,100 $39,700 $53,400
2022 $3,702 $93,100 $39,700 $53,400
2021 $3,572 $93,100 $39,700 $53,400
2020 $3,572 $93,100 $39,700 $53,400
2019 $3,471 $93,100 $39,700 $53,400
2018 $3,441 $93,100 $39,700 $53,400
2017 $3,383 $93,100 $39,700 $53,400
2016 $1,168 $93,100 $39,700 $53,400
2015 $1,168 $93,100 $39,700 $53,400
2014 $1,168 $93,100 $39,700 $53,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1003657413

Bright MLS

APN: 80-4396-09-07-9164