Seller's Agent in 2023
Tyler Miller
Keller Williams Platinum Realty - Wyomissing
(484) 256-7259
8 in this area
192 Total Sales
247 S 5th St Reading, PA 19602
Studio
--
Bath
5,355
Sq Ft
3,049
Sq Ft Lot
Highlights
- City View
- Wood Flooring
- Downtown Location
- Traditional Architecture
- Corner Lot
- Hot Water Heating System
About This Home
As of March 2023Located in the Callowill Historic District with 6 two-bedroom residential units, 1 rented garage space, and 7 secure storage spaces in the basement available to rent for added income, this property will be a great addition to your portfolio! Roof is estimated to be less than 10 years old. Economical natural gas boiler and separate water heater services the entire building. Tenants pay monthly rent, electric and cable/internet if desired. Owner pays water, sewer trash heating and electric in the common area. All 6 units are TWO bedrooms per unit. Close to local shopping and entertainment; with the luxury of easy transportation options! (close to major highways and local bus stops). Schedule today to make this Reading property your next greatest investment! Serious buyers only! Proof of Funds or Valid Pre-Approval is required before showing as well as 48hr notice.
Last Agent to Sell the Property
(610) 898-1441 frontdesk1110@kw.com Keller Williams Platinum Realty - Wyomissing License #RS331030 Listed on: 01/28/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,289
Year Built
- Built in 1906
Lot Details
- 3,049 Sq Ft Lot
- Lot Dimensions are 115 x 25
- Downtown Location
- Corner Lot
- Historic Home
- Property is in good condition
Home Design
- Traditional Architecture
- Brick Exterior Construction
- Stone Foundation
Interior Spaces
- 5,355 Sq Ft Home
- City Views
- Unfinished Basement
- Interior Basement Entry
Flooring
- Wood
- Laminate
- Tile or Brick
Parking
- Public Parking
- On-Street Parking
Schools
- Tyson-Schoener Elementary School
- Southwest Middle School
- Reading High School
Utilities
- Window Unit Cooling System
- Radiator
- Hot Water Heating System
- 60 Gallon+ Natural Gas Water Heater
- Municipal Trash
Listing and Financial Details
- Tax Lot 9536
- Assessor Parcel Number 04-5306-35-78-9536
Community Details
Overview
- 4 Units
- 3-Story Building
- Callowhill Subdivision
Building Details
- Insurance Expense $3,477
- Maintenance Expense $2,000
- Manager Expense $3,564
- Trash Expense $8,625
- Operating Expense $26,905
- Gross Income $71,280
- Net Operating Income $40,811
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/23/2023 03/23/23 | Sold | $425,000 | -5.6% | $79 / Sq Ft |
| 02/02/2023 02/02/23 | Pending | -- | -- | -- |
| 01/28/2023 01/28/23 | For Sale | $450,000 | -- | $84 / Sq Ft |
Source: Bright MLS
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 | $2,663 | $98,100 | $30,000 | $68,100 |
| 2024 | $4,356 | $98,100 | $30,000 | $68,100 |
| 2023 | $4,289 | $98,100 | $30,000 | $68,100 |
| 2022 | $4,289 | $98,100 | $30,000 | $68,100 |
| 2021 | $4,289 | $98,100 | $30,000 | $68,100 |
| 2020 | $4,245 | $98,100 | $30,000 | $68,100 |
| 2019 | $4,245 | $98,100 | $30,000 | $68,100 |
| 2018 | $4,245 | $98,100 | $30,000 | $68,100 |
| 2017 | $4,217 | $98,100 | $30,000 | $68,100 |
| 2016 | $2,409 | $98,100 | $30,000 | $68,100 |
| 2015 | $2,409 | $98,100 | $30,000 | $68,100 |
| 2014 | $2,217 | $98,100 | $30,000 | $68,100 |
Source: Public Records
Agents Affiliated with this Home
-
Tyler Miller
-
SANDEEP SOOD
Buyer's Agent in 2023
SANDEEP SOOD
Equity MidAtlantic Real Estate
(267) 410-5653
2 in this area
14 Total Sales
Map
Source: Bright MLS
MLS Number: PABK2025902
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