NOT LISTED FOR SALE

250 S 6th St Reading, PA 19602

-- Bed
-- Bath
-- Sq Ft
2,178 Sq Ft Lot

Last Sold April 11, 2014

Last sale price $65,000

Highlights

  • No HOA
  • Forced Air Heating System
  • Baseboard Heating
  • En-Suite Primary Bedroom

About This Home

As of April 2014

This 5 unit is fully occupied. This property is in overall good condition. The outside of the building, hallways have been recently painted. The roof is only 4 years old. Property passed Reading City Code Inspection on 4/12 and is good for 2 years. The tenants pay heat, hot water, and electricity. The electricity and gas is metered separately. Owner pays water/sewer and trash/recycling. The net income after utilites is 18k per year. This is a solid money maker. Where else can you get over 20% return on your investment the first year?

Last Agent to Sell the Property

MICHAEL VAVRECK

(484) 388-1604 vav@century21parkroad.com United Real Estate Strive 212 Listed on: 10/12/2012

United Real Estate Strive 212

Last Buyer's Agent

AnnaMarie Ortiz

(610) 914-4727 aortizrealestate@gmail.com Coldwell Banker Realty License #RS307633

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 2,178 Sq Ft Lot
  • Property is in good condition

Parking

  • On-Street Parking

Home Design

  • Brick Exterior Construction

Schools

  • Reading Senior High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Baseboard Heating
  • Natural Gas Water Heater

Additional Features

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

Listing and Financial Details

  • Tax Lot 3506
  • Assessor Parcel Number 04-5306-35-88-3506

Community Details

Overview

  • No Home Owners Association

Building Details

  • Insurance Expense $1,300
  • Other Expense $1,140
  • Operating Expense $8,062

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Twin/Semi-Detached
  • Ownership: Fee Simple
  • Inclusions: All Appliances
  • New Construction: No
  • Other Expense: 1140.00
  • Storage: Basement
  • Year Built: 1900
  • Remarks Public: This 5 unit is fully occupied. This property is in overall good condition. The outside of the building, hallways have been recently painted. The roof is only 4 years old. Property passed Reading City Code Inspection on 4/12 and is good for 2 years. The tenants pay heat, hot water, and electricity. The electricity and gas is metered separately. Owner pays water/sewer and trash/recycling. The net income after utilites is 18k per year. This is a solid money maker. Where else can you get over 20% return on your investment the first year?
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Street Number Modifier: 250

Exterior Features

  • Construction Materials: Brick
  • Construction Completed: No
  • Exterior Features: Sidewalks
  • 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

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas, Electric
  • Heating Type: Gas, Electric, Forced Air, Baseboard
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 3600.00
  • 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: 42600.00
  • Land Assessed Value: 11000.00
  • Land Use Code: 4200
  • Lot Size Acres: 0.05
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2178.00
  • Property Condition: Good

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 25200.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3

Tax Info

  • Assessor Parcel Number: 1442915
  • Tax Annual Amount: 2143.00
  • Assessor Parcel Number: 04-5306-35-88-3506
  • Tax Lot: 3506
  • Tax Year: 2014
  • Close Date: 04/11/2014

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
04/11/2014 04/11/14 Sold $65,000 -27.7% --
03/26/2014 03/26/14 Pending -- -- --
10/12/2012 10/12/12 For Sale $89,900 -- --
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: 1004137968

Bright MLS