NOT LISTED FOR SALE
Studio
4 Baths
2,626 Sq Ft
2,178 Sq Ft Lot

Sale Details

Date Sold: August 5, 2021

Last sale price $142,000 $54 Per Sq Ft

9 Days on Market

Highlights

  • Traditional Architecture
  • Hot Water Heating System
  • 3-minute walk to Riverfront Park
  • No HOA

About This Home

As of August 2021

What's that?? A cap rate over 10%??!! Can it be True??!! It sure is. Fully occupied cash flowing 4 unit property that's in great shape. You won't find Debt Coverage Ratios this good in this market. Check out:  323 S 8th St, Reading 822 Gordon St Reading 1235 Elm St Reading

Last Agent to Sell the Property

Judah Hoover

(717) 761-4300 thejudahhoover@gmail.com Keller Williams of Central PA License #RS333488 Listed on: 03/05/2021

Keller Williams of Central PA

Last Buyer's Agent

Suzi Ford

(484) 498-4000 suziford@cs.com Springer Realty Group License #RS228124L

Springer Realty Group
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,081

Year Built

  • Built in 1900

Lot Details

  • 2,178 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • Quadruplex
  • Traditional Architecture
  • Brick Exterior Construction

Interior Spaces

  • 2,626 Sq Ft Home
  • Basement Fills Entire Space Under The House

Utilities

  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • 4 Units

Listing and Financial Details

  • Tax Lot 6963
  • Assessor Parcel Number 05-5306-26-68-6963

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,081

Year Built

Built in 1900

Lot Details

2,178 Sq Ft Lot

Listing Details

  • Standard Status: Closed
  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 2626
  • Living Area Sq Ft: 2626
  • Price Per Sq Ft: 66.64
  • Above Grade Finished Sq Ft: 2626
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 38800.00
  • Land Assessed Value: 8800.00
  • Lot Size Acres: 0.05
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2178.00
  • Zoning: 138R RES: 2-4 FAM, ROW, 3
  • Zoning Description: 138R Res: 2-4 Fam, Row, 3 Sty, Brick

Rental Info

  • Existing Lease Type: Month To Month
  • Number Of Units Month To Month: 4
  • Rent Control: No
  • Total Actual Rent: 26700.00
  • Units Leased Count: 4
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1442997
  • School Tax: 853.00
  • Tax Annual Amount: 2081.00
  • Assessor Parcel Number: 05-5306-26-68-6963
  • Tax Lot: 6963
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3

MLS Schools

  • School District Name: READING

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$142,000 Conestoga Title Company
T E H Realty Ix Llc $23,729 None Available
Minster Binyomin $21,402 None Available
Us Bank National Association $1,700 None Available
Cooper Juanita $95,000 Fidelity Natl Title Ins Co
Cruz Leonel $85,000 None Available
Fabian Jonathan $35,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $85,000
Previous Owner Cooper Juanita $90,250
Previous Owner Cruz Leonel $72,250
Previous Owner Fabian Jonathan $64,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/05/2021 08/05/21 Sold $142,000 -18.9% $54 / Sq Ft
03/14/2021 03/14/21 Pending -- -- --
03/05/2021 03/05/21 For Sale $175,000 -- $67 / Sq Ft
Source: Bright MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $1,344 $47,600 $8,800 $38,800
2025 $1,292 $47,600 $8,800 $38,800
2024 $2,114 $47,600 $8,800 $38,800
2023 $2,081 $47,600 $8,800 $38,800
2022 $2,081 $47,600 $8,800 $38,800
2021 $2,081 $47,600 $8,800 $38,800
2020 $2,060 $47,600 $8,800 $38,800
2019 $2,060 $47,600 $8,800 $38,800
2018 $2,060 $47,600 $8,800 $38,800
2017 $2,046 $47,600 $8,800 $38,800
2016 $1,169 $47,600 $8,800 $38,800
2015 $1,169 $47,600 $8,800 $38,800
2014 $1,076 $47,600 $8,800 $38,800
Source: Public Records

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Map

Source: Bright MLS

MLS Number: PABK374132

Bright MLS

APN: 5306-26-68-6963

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