NOT LISTED FOR SALE

321 Summit St Reading, PA 19611

-- Bed
4 Baths
3,528 Sq Ft
0.29 Acres

Last Sold March 24, 2021

Last sale price $426,000 $121 Per Sq Ft

75 Days on Market

Highlights

  • 0.29 Acre Lot
  • Traditional Architecture
  • Main Floor Bedroom
  • West Reading Elementary Center Rated A-
  • Wood Flooring
  • 1 Fireplace

About This Home

As of March 2021

Fantastic opportunity to own a rare extremely well kept quadruplex with a detached 4 car garage in West Reading. All 4 units are fully occupied with long term tenants. The interior is very unique.. Perfect for an investor looking for rental units outside of the city OR a buyer who wants to live in one unit and rent out the other 3 apartments. The rents are $1550, $650, $700 and $900. Well Cared for Solid Building with all mechanicals in good order. Schedule your showing today!

Last Agent to Sell the Property

Jimmy Thelusca

(973) 666-1188 jthelusca@pagodarpm.com Pagoda Realty License #RS333622 Listed on: 10/27/2020

Pagoda Realty

Last Buyer's Agent

Jimmy Thelusca

(973) 666-1188 jthelusca@pagodarpm.com Pagoda Realty License #RS333622 Listed on: 10/27/2020

Pagoda Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,295

Year Built

  • Built in 1935

Lot Details

  • 0.29 Acre Lot
  • Back, Front, and Side Yard

Parking

  • 4 Car Detached Garage
  • 8 Driveway Spaces
  • Public Parking
  • Rear-Facing Garage
  • On-Street Parking

Home Design

  • Quadruplex
  • Traditional Architecture
  • Brick Exterior Construction
  • Pitched Roof
  • Shingle Roof

Interior Spaces

  • Main Floor Bedroom
  • 3,528 Sq Ft Home
  • Ceiling Fan
  • 1 Fireplace
  • Dining Area

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Stove
  • Microwave

Flooring

  • Wood
  • Carpet
  • Tile or Brick
  • Ceramic Tile
  • Vinyl

Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Utilities

  • Central Air
  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Radiator
  • 120/240V
  • 60 Gallon+ Natural Gas Water Heater
  • Public Septic

Listing and Financial Details

  • The owner pays for electricity, heat, gas, insurance, pest control, repairs, reserves for replacement, sewer, personal property taxes, real estate taxes, trash collection, water
  • Tax Lot 1768
  • Assessor Parcel Number 93-5307-18-30-1768

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Rent Control
  • Income includes apartment rentals, shop rentals
  • Insurance Expense $1,188
  • Operating Expense $14,184
  • Net Operating Income $36,216

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,295

Year Built

Built in 1935

Lot Details

0

Parking

4

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1935
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Appliances: Microwave, Stove
  • Flooring Type: Carpet, Ceramic Tile, Hardwood, Tile/Brick, Vinyl
  • Interior Amenities: Breakfast Area, Carpet, Ceiling Fan(s), Dining Area, Entry Level Bedroom, Kitchen - Eat-In
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Basement: Yes
  • Basement Type: Full, Outside Entrance
  • Total Sq Ft: 3528
  • Living Area Sq Ft: 3528
  • Price Per Sq Ft: 141.72
  • Above Grade Finished Sq Ft: 3528
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Garage(s)
  • Construction Materials: Brick
  • Roof: Pitched, Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 4.00
  • Garage: Yes
  • Parking Features: Concrete Driveway, Public
  • Garage Features: Garage - Rear Entry
  • Number Of Detached Garage Spaces: 4
  • Total Garage And Parking Spaces: 12
  • Type Of Parking: Detached Garage, Driveway, On Street
  • Number of Spaces in Driveway: 8

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Ceiling Fan(s), Central A/C, Wall Unit, Window Unit(s)
  • Previous Twelve Months Electric Expense: 2640.00
  • Electric Service: 120/240V
  • Gas Avg Month: 210.00
  • Gas Prev12 Months: 2520.00
  • Heating Fuel: Natural Gas
  • Heating Type: Radiator
  • Heating: Yes
  • Hot Water: 60+ Gallon Tank, Natural Gas
  • Sewer/Septic System: Public Sewer, Public Septic
  • Water Previous Twelve Months: 12000.00
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 120100.00
  • Land Assessed Value: 24600.00
  • Lot Features: Front Yard, Rear Yard, Sideyard(s)
  • Lot Size Acres: 0.29
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 12632.00
  • Zoning: RES

Rental Info

  • Existing Lease Type: Month To Month
  • Owner Pays: Electricity, Heat, Gas, Insurance, Pest Control, Repairs, Reserves For Replacement, Sewer, Taxes - Personal Property, Taxes - Real Estate, Trash Collection, Water
  • Rent Control: Yes
  • Total Actual Rent: 50400.00
  • Units Leased Count: 4
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1588623
  • School Tax: 4617.00
  • Tax Annual Amount: 7295.00
  • Assessor Parcel Number: 93-5307-18-30-1768
  • Tax Lot: 1768
  • Tax Page Number: 24
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2021

Multi Family

  • Income Includes: Apartment Rentals, Shop Rentals
  • Operating Expense: 14184.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3

MLS Schools

  • School District Name: WYOMISSING AREA

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
03/24/2021 03/24/21 Sold $426,000 -14.8% $121 / Sq Ft
01/10/2021 01/10/21 Pending -- -- --
10/27/2020 10/27/20 For Sale $500,000 -- $142 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jimmy Thelusca

    Seller's Agent in 2021

    Jimmy Thelusca

    Pagoda Realty

    (973) 666-1188

    3 in this area

    136 Total Sales

    Jimmy Thelusca
    Section Image
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Map

Source: Bright MLS

MLS Number: PABK366312

Bright MLS

APN: 5307-18-30-1768

Pennsylvania Berks County Reading 19611

321 Summit St, Reading, PA

Not Listed for Sale

MultiFamily

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