NOT LISTED FOR SALE

247 S 5th St Reading, PA 19602

-- Bed
-- Bath
5,355 Sq Ft
3,049 Sq Ft Lot

Last Sold March 23, 2023

Last sale price $425,000 $79 Per Sq Ft

5 Days on Market

Highlights

  • City View
  • Wood Flooring
  • Downtown Location
  • Traditional Architecture
  • Corner Lot
  • Hot Water Heating System

About This Home

As of March 2023

Located 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

Tyler Miller

(484) 256-7259 tyler@movewithmiller.com Keller Williams Platinum Realty - Wyomissing License #RS331030 Listed on: 01/28/2023

Keller Williams Platinum Realty - Wyomissing

Last Buyer's Agent

SANDEEP SOOD

(267) 410-5653 talk2sood@yahoo.com Equity MidAtlantic Real Estate

Equity MidAtlantic Real Estate

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,289

Year Built

Built in 1906

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Exclusions: Tenant's Personal Property
  • Historic: Yes
  • New Construction: No
  • Year Built: 1906
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring Type: Hardwood, Laminated, Laminate Plank, Tile/Brick
  • Fireplace: No
  • Foundation Details: Stone
  • Basement: Yes
  • Basement Type: Unfinished, Interior Access
  • Total Sq Ft: 5355
  • Living Area Sq Ft: 5355
  • Price Per Sq Ft: 84.03
  • Above Grade Finished Sq Ft: 5355
  • Above Grade Finished Area Units: Square Feet

Exterior Features

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

Garage/Parking

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

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Gas Avg Month: 412.50
  • Gas Prev12 Months: 4950.00
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water, Radiator
  • Heating: Yes
  • Hot Water: Natural Gas, 60+ Gallon Tank
  • Sewer/Septic System: Public Sewer
  • Water Previous Twelve Months: 8625.00
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Professional Management Expense: 3564.00
  • Association Recreation Fee: No

Schools

  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Source: Listing Agent
  • Elementary School: TYSON-SCHOENER
  • High School: READING
  • Middle Or Junior School: SOUTHWEST

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 68100.00
  • Land Assessed Value: 30000.00
  • Lot Features: Corner
  • Lot Size Acres: 0.07
  • Lot Dimensions: 115 x 25
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3049.00
  • Property Condition: Good
  • Zoning: R-3
  • Zoning Description: Residential District

Rental Info

  • Existing Lease Type: Yearly
  • Ground Rent Exists: No
  • Total Actual Rent: 71280.00
  • Units Leased Count: 6
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1442887
  • School Tax: 1759.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 4289.00
  • Assessor Parcel Number: 04-5306-35-78-9536
  • Tax Lot: 9536
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

Multi Family

  • Gross Income: 67716.00
  • Gross Scheduled Income: 71280.00
  • Operating Expense: 26905.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6
  • Vacancy Allowance Rate: 5.00

MLS Schools

  • School District Name: READING

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 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 Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Tyler Miller

    Seller's Agent in 2023

    Tyler Miller

    Keller Williams Platinum Realty - Wyomissing

    (484) 256-7259

    8 in this area

    193 Total Sales

    Tyler Miller
    Section Image
  • SANDEEP SOOD

    Buyer's Agent in 2023

    SANDEEP SOOD

    Equity MidAtlantic Real Estate

    (267) 410-5653

    2 in this area

    16 Total Sales

    SANDEEP SOOD
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: PABK2025902

Bright MLS
Pennsylvania Berks County Reading 19602

247 S 5th St, Reading, PA

Not Listed for Sale

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