NOT LISTED FOR SALE

3140 Marion St Reading, PA 19605

Studio
2 Baths
1,366 Sq Ft
2,614 Sq Ft Lot

Last Sold July 05, 2019

Last sale price $145,000 $106 Per Sq Ft

22 Days on Market

Highlights

  • Traditional Architecture
  • No HOA
  • Replacement Windows
  • Corner Lot
  • Electric Baseboard Heater
  • Hot Water Baseboard Heater

About This Home

As of July 2019

Immaculate and well cared for 2 unit in Laureldale. This property is fully rented and both units have their own heat source which the tenants pay. One unit is heated by gas and one is heated by electric baseboard. Tenants pay their own electricity as well as gas for hot water. Exterior is brick and vinyl with a very cute front and rear porch that your tenants will enjoy. The apartments are very bright and spacious, but most importantly very well kept. The windows have all been replaced as well. If you are looking to purchase your first rental property or if you are a seasoned investor you will find this property to be a great investment based on the condition, location and numbers.

Last Agent to Sell the Property

Dave Mattes

(610) 670-2770 info@goberkscounty.com RE/MAX Of Reading License #RS-208588-L Listed on: 05/20/2019

RE/MAX Of Reading

Last Buyer's Agent

Phil Macaronis

(610) 670-2770 info@goberkscounty.com RE/MAX Of Reading License #RS122194A

RE/MAX Of Reading

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,745

Year Built

  • Built in 1925

Lot Details

  • 2,614 Sq Ft Lot
  • Corner Lot
  • Property is in good condition

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Traditional Architecture
  • Frame Construction
  • Pitched Roof
  • Shingle Roof
  • Masonry

Interior Spaces

  • 1,366 Sq Ft Home
  • Replacement Windows
  • Basement Fills Entire Space Under The House
  • Stove

Location

  • Urban Location

Schools

  • Muhlenberg High School

Utilities

  • Window Unit Cooling System
  • Hot Water Baseboard Heater
  • Electric Baseboard Heater
  • Natural Gas Water Heater
  • Municipal Trash

Listing and Financial Details

  • The owner pays for water, sewer, sewer maintenance
  • Tax Lot 4952
  • Assessor Parcel Number 57-5318-05-28-4952

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • 2-Story Building

Building Details

  • Income includes apartment rentals
  • Insurance Expense $310
  • Operating Expense $4,834
  • Gross Income $16,380
  • Net Operating Income $11,543

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,745

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Exclusions: basement washer and dryer belong to 1st flr tenant
  • Inclusions: 2 fridges, 2 ranges
  • New Construction: No
  • Year Built: 1925
  • Special Features: None

Interior Features

  • Appliances: Stove, Refrigerator
  • Window Features: Replacement
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 1366
  • Living Area Sq Ft: 1366
  • Price Per Sq Ft: 106.15
  • Above Grade Finished Sq Ft: 1366
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame, Masonry
  • Exterior Features: Sidewalks
  • Road Surface Type: Paved
  • Roof: Pitched, Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Electric Service: Circuit Breakers
  • Heating Fuel: Electric, Natural Gas
  • Heating Type: Baseboard - Electric, Baseboard - Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • HOA: No

Schools

  • High School Source: Listing Agent
  • School District Source: Listing Agent
  • High School: MUHLENBERG

Lot Info

  • Improvement Assessed Value: 39600.00
  • Land Assessed Value: 22400.00
  • Lot Features: Corner
  • Lot Size Acres: 0.06
  • Lot Dimensions: irregular
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2614.00
  • Property Condition: Good
  • Zoning: RES

Rental Info

  • Existing Lease Type: Yearly
  • Owner Pays: Water, Sewer, Sewer Maintenance
  • Total Actual Rent: 16380.00
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1529546
  • School Tax: 1848.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 2745.00
  • Assessor Parcel Number: 57-5318-05-28-4952
  • Tax Lot: 4952
  • Tax Page Number: 13
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019

Multi Family

  • Gross Income: 16380.00
  • Gross Scheduled Income: 16380.00
  • Income Includes: Apartment Rentals
  • Operating Expense: 4834.00
  • Other Units: Unit 1,Unit 2

MLS Schools

  • School District Name: MUHLENBERG
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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
07/05/2019 07/05/19 Sold $145,000 0.0% $106 / Sq Ft
06/11/2019 06/11/19 Pending -- -- --
06/10/2019 06/10/19 Off Market $145,000 -- --
05/28/2019 05/28/19 Price Changed $145,000 -3.3% $106 / Sq Ft
05/20/2019 05/20/19 For Sale $149,900 -- $110 / 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 $1,011 $62,000 $22,400 $39,600
2024 $3,053 $62,000 $22,400 $39,600
2023 $2,895 $62,000 $22,400 $39,600
2022 $2,848 $62,000 $22,400 $39,600
2021 $2,802 $62,000 $22,400 $39,600
2020 $2,802 $62,000 $22,400 $39,600
2019 $2,745 $62,000 $22,400 $39,600
2018 $2,652 $62,000 $22,400 $39,600
2017 $2,603 $62,000 $22,400 $39,600
2016 $806 $62,000 $22,400 $39,600
2015 $806 $62,000 $22,400 $39,600
2014 $806 $62,000 $22,400 $39,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PABK341658

Bright MLS

APN: 5318-05-28-4952