NOT LISTED FOR SALE

318 S 5th St Reading, PA 19602

Studio
2 Baths
1,838 Sq Ft
3,049 Sq Ft Lot

Last Sold January 13, 2023

Last sale price $182,000 $99 Per Sq Ft

36 Days on Market

Highlights

  • Traditional Architecture
  • Ceramic Tile Flooring
  • Forced Air Heating System
  • Window Unit Cooling System
  • Ceiling height of 9 feet or more
  • Ceiling Fan

About This Home

As of January 2023

Welcome to this amazing investment opportunity on 318 S 5th Street!!! Well maintained semi-detached 2 unit with a detached storage in the rear. The first unit has been recently renovated and offers 1 bedroom, 1 bathroom, separated dining, kitchen, living space, and access to the basement. Unit 2 has been recently renovated as well and offers 3 bedrooms, 1 master bedroom on the second level with a master bathroom, and 2 private rooms on the third floor. Unit 2 also offers a 2nd full bathroom, living room, and eat in kitchen. The exterior of the building has been freshly paint, and roofs have been recently coated. This is an excellent investment opportunity, Do not miss out and schedule your private tour today.

Last Agent to Sell the Property

Joseph Colon

(610) 373-9900 josephcolonrealtor@gmail.com Coldwell Banker Realty Listed on: 11/09/2022

Coldwell Banker Realty

Last Buyer's Agent

Joseph Colon

(610) 373-9900 josephcolonrealtor@gmail.com Coldwell Banker Realty Listed on: 11/09/2022

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,473

Year Built

  • Built in 1900 | Remodeled in 2020

Lot Details

  • 3,049 Sq Ft Lot
  • Infill Lot
  • Property is in excellent condition

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Traditional Architecture
  • Brick Exterior Construction
  • Rubber Roof
  • Metal Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,838 Sq Ft Home
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Basement Fills Entire Space Under The House
  • Fire Escape
  • Stove

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • 100 Amp Service
  • Electric Water Heater

Listing and Financial Details

  • The owner pays for gas, insurance, sewer, real estate taxes, trash collection, water
  • Tax Lot 6381
  • Assessor Parcel Number 01-5306-35-78-6381

Community Details

Overview

  • 2 Units
  • Reading Subdivision

Building Details

  • Income includes apartment rentals
  • Net Operating Income $19,827

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,473

Year Built

Built in 1900 | Remodeled in 2020

Lot Details

3,049 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Exclusions: Personal Property
  • Inclusions: Stove & Refrigerator
  • New Construction: No
  • Year Built: 1900
  • Year Renovated: 2020
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Appliances: Refrigerator, Stove
  • Flooring Type: Carpet, Vinyl, Ceramic Tile
  • Interior Amenities: Carpet, Ceiling Fan(s)
  • Wall Ceiling Types: Dry Wall, 9'+ Ceilings
  • Foundation Details: Concrete Perimeter
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 1838
  • Living Area Sq Ft: 1838
  • Price Per Sq Ft: 103.32
  • Above Grade Finished Sq Ft: 1838
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Exterior Features: Fire Escape
  • Roof: Metal, Rubber
  • 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), Ceiling Fan(s)
  • Electric Service: 100 Amp Service
  • Gas Avg Month: 175.00
  • Gas Prev12 Months: 2100.00
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Natural Gas Available
  • Water Previous Twelve Months: 3000.00
  • Water Source: Public

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 24700.00
  • Land Assessed Value: 9000.00
  • Lot Size Acres: 0.07
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3049.00
  • Property Condition: Excellent
  • Zoning: RESI

Rental Info

  • Existing Lease Type: None
  • Owner Pays: Gas, Insurance, Sewer, Taxes - Real Estate, Trash Collection, Water
  • Total Actual Rent: 26400.00
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1440148
  • School Tax: 604.00
  • Tax Annual Amount: 1473.00
  • Assessor Parcel Number: 01-5306-35-78-6381
  • Tax Lot: 6381
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

Multi Family

  • Income Includes: Apartment Rentals

MLS Schools

  • School District Name: READING
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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
01/13/2023 01/13/23 Sold $182,000 -4.2% $99 / Sq Ft
12/15/2022 12/15/22 Pending -- -- --
11/30/2022 11/30/22 For Sale $189,900 0.0% $103 / Sq Ft
11/15/2022 11/15/22 Pending -- -- --
11/09/2022 11/09/22 For Sale $189,900 -- $103 / 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 $915 $33,700 $9,000 $24,700
2024 $1,496 $33,700 $9,000 $24,700
2023 $1,473 $33,700 $9,000 $24,700
2022 $1,473 $33,700 $9,000 $24,700
2021 $1,473 $33,700 $9,000 $24,700
2020 $1,458 $33,700 $9,000 $24,700
2019 $1,458 $33,700 $9,000 $24,700
2018 $1,458 $33,700 $9,000 $24,700
2017 $1,449 $33,700 $9,000 $24,700
2016 $828 $33,700 $9,000 $24,700
2015 $828 $33,700 $9,000 $24,700
2014 $762 $33,700 $9,000 $24,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PABK2023812

Bright MLS

APN: 5306-35-78-6381

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