Erica Fair
Iron Valley Real Estate of Berks
(484) 388-4814
158 Total Sales
2 in Sixth Ward
$34K - $143K Price Range
301 Schuylkill Ave Reading, PA 19601
Sixth Ward NeighborhoodEstimated Value: $265,871
Studio
--
Bath
--
Sq Ft
1,307
Sq Ft Lot
Highlights
- Traditional Architecture
- No HOA
- Electric Baseboard Heater
- Corner Lot
- Ceramic Tile Flooring
- 1-minute walk to Barbey's Park
About This Home
As of March 2020Back on the market! Excellent cash flow investment! Ver large & well maintained 4 unit building near downtown Reading consisting of 3 residential units and 1 commercial storefront unit. Located at the corner of Elm & Schuykill Ave just down from the FineFare Super Market and near the Goggle Works. Unit 1 - 1st floor front, the storefront commercial unit known as Mercedes Multi-Services has 3 rooms, a lobby, office, kitchen & powder room, electric baseboard heat, electric hot water, rented for $600/month by a 7-8 year tenant. Unit 2 - 1st floor rear has 4 rooms, 2 BRS, tiled kitchen floor, tiled bath, laminate floors, rented for $650/month by a new tenant inn11/19. Unit 3 - 2nd & 3rd floor front has 4 rooms, 2 private BRS, tiled kitchen, carpeting, electric baseboard heat, electric hot water, rented for $600/month. Unit 4 - 2nd floor rear has 3 rooms, 1 BR, tiled bath, laminate & vinyl floors, electric baseboard heat & hot water, rented for $550/month by a 6 year tenant. There are 3 electric water heaters, 1 in the basement and 2 in the 2nd floor storage room. 1 Gas hot water heater in basement is not being used. 2 Gas furnaces in basement and 2 in 2nd floor storage room are not being used. 2 Breaker panels are also in the 2nd floor storage room. Total annual income: $28,800. Total expenses: $6,249. Net operating income: $22,551. Expenses breakdown: Taxes: $1,445. W/S/T/R: $2,700. Insurance: $1,800. Electric: $204. Permits: $100. Cap Rate: 15.00%. The storefront can only be shown during business hours 9:00-5:00 Monday-Friday and Saturday 9:00-2:00. Closed on Sunday. Tenants pay for their electric which includes heat, hot water & cooking. Owner pays for W/S/T/R. Very stable & solid investment opportunity and a must for your investment portfolio. Schedule today to see it! Won't last long!
Last Agent to Sell the Property
(610) 670-2770 info@goberkscounty.com RE/MAX Of Reading License #RS193774L Listed on: 10/28/2019
Last Buyer's Agent
(610) 484-8663 nelsongamezrealtor@gmail.com Realty One Group Alliance License #RS336819
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,445
Year Built
- Built in 1890
Lot Details
- 1,307 Sq Ft Lot
- Corner Lot
- Property is in good condition
Parking
- On-Street Parking
Home Design
- Quadruplex
- Traditional Architecture
- Brick Exterior Construction
- Stone Foundation
Flooring
- Carpet
- Laminate
- Ceramic Tile
Utilities
- Electric Baseboard Heater
- Above Ground Utilities
- 200+ Amp Service
- Multi-Tank Electric Water Heater
Additional Features
- Electric Oven or Range
- Exterior Basement Entry
- Exterior Lighting
Listing and Financial Details
- The owner pays for insurance, sewer, sewer maintenance, real estate taxes, trash collection, water
- Tax Lot 3733
- Assessor Parcel Number 06-5307-73-51-3733
Community Details
Overview
- No Home Owners Association
- 4 Units
- 4-Story Building
Building Details
- Income includes apartment rentals
- Insurance Expense $1,800
- Other Expense $4,349
- Operating Expense $6,249
- Net Operating Income $22,551
Ownership 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
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 28, 2019
Closed on
Mar 20, 2020
Sold by
Bought by
Seller's Agent
Jose Candelaria
RE/MAX Of Reading
Buyer's Agent
Jesus De La Mora
Realty One Group Alliance
List Price
$150,000
Sold Price
$160,000
Premium/Discount to List
$10,000
6.67%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$105,871
Avg. Annual Appreciation
8.24%
Original Mortgage
$157,102
Outstanding Balance
$136,408
Interest Rate
3.5%
Mortgage Type
FHA
Estimated Equity
$129,463
Purchase Details
Closed on
Mar 22, 2005
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Sixth Ward, PA
-
Erica Fair
-
Anthony Borelli
Anthony Borelli
Century 21 Gold
(484) 755-3767
268 Total Sales
2 in Sixth Ward
$102K - $105K Price Range
-
Ashley Bleacher
Ashley Bleacher
Howard Hanna Real Estate Services - Lancaster
(223) 217-6212
254 Total Sales
1 in Sixth Ward
$187,000 Price
-
Marcus Gonzalez
Marcus Gonzalez
Atlas Land and Homes
(223) 216-5019
93 Total Sales
1 in Sixth Ward
$129,900 Price
-
Ivonn Reyes
Ivonn Reyes
Responds QuicklyIron Valley Real Estate of Berks
(484) 642-1605
142 Total Sales
2 in Sixth Ward
$190K - $205K Price Range
-
Shalani Colon
Shalani Colon
Realty One Group Alliance
(484) 878-5806
56 Total Sales
1 in Sixth Ward
$135,000 Price
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 |
|---|---|---|---|
| $160,000 | None Available | ||
| $3,100 | -- |
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 | $157,102 |
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 |
|---|---|---|---|---|
| 03/20/2020 03/20/20 | Sold | $160,000 | +6.7% | -- |
| 02/02/2020 02/02/20 | Pending | -- | -- | -- |
| 12/09/2019 12/09/19 | For Sale | $150,000 | 0.0% | -- |
| 11/30/2019 11/30/19 | Pending | -- | -- | -- |
| 10/28/2019 10/28/19 | For Sale | $150,000 | -- | -- |
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 | $943 | $33,400 | $8,800 | $24,600 |
| 2025 | $907 | $33,400 | $8,800 | $24,600 |
| 2024 | $1,483 | $33,400 | $8,800 | $24,600 |
| 2023 | $1,460 | $33,400 | $8,800 | $24,600 |
| 2022 | $1,460 | $33,400 | $8,800 | $24,600 |
| 2021 | $1,460 | $33,400 | $8,800 | $24,600 |
| 2020 | $1,445 | $33,400 | $8,800 | $24,600 |
| 2019 | $1,445 | $33,400 | $8,800 | $24,600 |
| 2018 | $1,445 | $33,400 | $8,800 | $24,600 |
| 2017 | $1,436 | $33,400 | $8,800 | $24,600 |
| 2016 | $820 | $33,400 | $8,800 | $24,600 |
| 2015 | $820 | $33,400 | $8,800 | $24,600 |
| 2014 | $755 | $33,400 | $8,800 | $24,600 |
Source: Public Records
Agents Affiliated with this Home
-
Jose Candelaria
Seller's Agent in 2020
Jose Candelaria
RE/MAX of Reading
(610) 207-8066
4 in this area
201 Total Sales
-
Jesus De La Mora
J
Buyer's Agent in 2020
Jesus De La Mora
Realty One Group Alliance
(484) 794-2150
7 in this area
120 Total Sales
Map
Source: Bright MLS
MLS Number: PABK349938
APN: 06-5307-73-51-3733
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