Seller's Agent in 2019
Jose Candelaria
RE/MAX of Reading
(610) 207-8066
209 Total Sales
302 Oley St Reading, PA 19601
Studio
3
Baths
--
Sq Ft
2,614
Sq Ft Lot
Highlights
- Wood Flooring
- No HOA
- Hot Water Heating System
- Victorian Architecture
- Home Security System
- 3-minute walk to Centre Park
About This Home
As of February 2019Fantastic very large Centre Park Historic District semi-detached, fully occupied 3 unit building. Pride of ownership is evident throughout. Unit 1, 1st floor, has 4 rooms, 2 BRS, pocket doors, hardwood floors, tiled bath, security system, electric baseboard heat, electric hot water, electric range/oven, walk-in closet, tenant pays for electric which includes heat. Rented for $680/month by same tenant for 3-4 years. Unit 2, 2nd floor, has 4 rooms, 2 BRS, hardwood floors, tiled bath, gas hot water heat paid by owner, electric range/oven, electric hot water, tenant pays for all electric, rented for $730/month by a new tenant. Unit 3, 3rd floor, has 4 rooms, 2 BRS, hardwood floors, tiled bath, gas hot water radiator heat paid by owner, electric range/oven, electric hot water, all electric paid by tenant, rented for $765/month by a 1-2 year Section 8 tenant. Additional features include front & rear covered porches, front door entrance buzzer in each unit, 200 AMP electric, rubber main roof, slate mansard, fenced yard, gas boiler for units 2 & 3 paid by owner, 3 electric water heaters paid by tenants. Old oil tank in basement not in use. Excellent, well maintained, stable building producing outstanding cash flow with long term tenants. 18% Cap Rate! A must for your investment portfolio! Will not last long in this hot real estate market with low inventory!
Last Agent to Sell the Property
(610) 207-8066 jcandelaria@goberkscounty.com RE/MAX Of Reading License #RS193774L Listed on: 12/07/2018
Last Buyer's Agent
(717) 587-2424 sheldon@zimmermanteam.com Peak Asset Realty License #RS300848
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,688
Year Built
- Built in 1890
Lot Details
- 2,614 Sq Ft Lot
- Property is in good condition
Parking
- On-Street Parking
Home Design
- Triplex
- Victorian Architecture
- Brick Exterior Construction
- Stone Foundation
- Slate Roof
- Rubber Roof
- Stone Siding
Flooring
- Wood
- Ceramic Tile
- Vinyl
Basement
- Basement Fills Entire Space Under The House
- Exterior Basement Entry
Home Security
- Home Security System
- Fire Escape
Utilities
- Radiator
- Hot Water Heating System
- Electric Baseboard Heater
- 200+ Amp Service
- Electric Water Heater
- Municipal Trash
Listing and Financial Details
- The owner pays for heat, common area maintenance, insurance, lawn/shrub care, repairs, snow removal, real estate taxes, trash collection, water
- Tax Lot 8030
- Assessor Parcel Number 14-5307-58-64-8030
Community Details
Overview
- No Home Owners Association
- 3 Units
- 3-Story Building
- Centre Park Historic Dist Subdivision
Building Details
- Income includes apartment rentals
- Insurance Expense $858
- Trash Expense $1,212
- Operating Expense $6,306
- Net Operating Income $19,794
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Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/13/2019 02/13/19 | Sold | $115,000 | 0.0% | -- |
| 12/20/2018 12/20/18 | Pending | -- | -- | -- |
| 12/07/2018 12/07/18 | For Sale | $115,000 | -- | -- |
Source: Bright MLS
Tax History Compared to Growth
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 | $1,059 | $39,000 | $6,200 | $32,800 |
| 2024 | $1,732 | $39,000 | $6,200 | $32,800 |
| 2023 | $1,705 | $39,000 | $6,200 | $32,800 |
| 2022 | $1,705 | $39,000 | $6,200 | $32,800 |
| 2021 | $1,705 | $39,000 | $6,200 | $32,800 |
| 2020 | $1,688 | $39,000 | $6,200 | $32,800 |
| 2019 | $1,688 | $39,000 | $6,200 | $32,800 |
| 2018 | $1,688 | $39,000 | $6,200 | $32,800 |
| 2017 | $1,677 | $39,000 | $6,200 | $32,800 |
| 2016 | $800 | $44,600 | $6,500 | $38,100 |
| 2015 | $1,095 | $44,600 | $6,500 | $38,100 |
| 2014 | $1,008 | $44,600 | $6,500 | $38,100 |
Source: Public Records
Agents Affiliated with this Home
-
Jose Candelaria
-
Sheldon Zimmerman
Buyer's Agent in 2019
Sheldon Zimmerman
Peak Asset Realty
(717) 587-2424
243 Total Sales
Map
Source: Bright MLS
MLS Number: PABK199152
APN: 5307-58-64-8030
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