NOT LISTED FOR SALE

351 S 5th St Reading, PA 19602

-- Bed
3 Baths
-- Sq Ft
2,614 Sq Ft Lot

Last Sold March 20, 2019

Last sale price $113,000

9 Days on Market

Highlights

  • Contemporary Architecture
  • Hot Water Heating System
  • Historic Home
  • No HOA

About This Home

As of March 2019

This the three unit you've been looking for. It is a must see. This investment property is in great condition, conveniently located near schools, local highways, and downtown Reading, and is already generating profit. Call today for your private showing. It can be a great addition to your portfolio.

Last Agent to Sell the Property

Jose Manzueta

(484) 219-9232 josemanzueta946@gmail.com JM Diamond Realty License #RM426115 Listed on: 02/01/2019

Last Buyer's Agent

Johanna Castaneda

(610) 507-6352 mjcastanedarealtor@gmail.com Coldwell Banker Realty License #RS345025

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,090

Year Built

  • Built in 1900

Lot Details

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

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Contemporary Architecture
  • Brick Exterior Construction
  • Stone Foundation
  • Metal Roof

Basement

  • Basement Fills Entire Space Under The House

Schools

  • Tyson Schoener Elementary School
  • Southern Middle School
  • Reading Senior High School

Utilities

  • Hot Water Heating System
  • Natural Gas Water Heater

Listing and Financial Details

  • The owner pays for electricity, gas, heat, heater maintenance contract, insurance, sewer, sewer maintenance, trash collection, water, real estate taxes, snow removal, repairs, pest control, common area maintenance
  • Tax Lot 9044
  • Assessor Parcel Number 01-5306-35-78-9044

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Income includes apartment rentals
  • Operating Expense $9,980
  • Gross Income $28,200
  • Net Operating Income $18,220

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,090

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Contemporary
  • Ownership: Fee Simple
  • Historic: Yes
  • Home Warranty: No
  • Inclusions: 3 Stoves, 3 Refrigerators
  • New Construction: No
  • Expected On Market: 2019-02-01
  • Year Built: 1900
  • Special Features: None

Interior Features

  • Fireplace: No
  • Foundation Details: Stone
  • Basement: Yes
  • Basement Type: Full
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Roof: Metal
  • Spa: No
  • 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
  • Previous Twelve Months Electric Expense: 1800.00
  • Gas Avg Month: 150.00
  • Gas Prev12 Months: 1800.00
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Previous Twelve Months: 3000.00
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: No

Schools

  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Source: Listing Agent
  • Elementary School: TYSON SCHOENER
  • High School: READING SENIOR
  • Middle Or Junior School: SOUTHERN

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 39400.00
  • Land Assessed Value: 8900.00
  • Lot Size Acres: 0.06
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2614.00
  • Property Condition: Good
  • Zoning: RES

Rental Info

  • Existing Lease Type: Month To Month
  • Number Of Units Month To Month: 3
  • Owner Pays: Electricity, Gas, Heat, Heater Maintenance Contract, Insurance, Sewer, Sewer Maintenance, Trash Collection, Water, Taxes - Real Estate, Snow Removal, Repairs, Pest Control, Common Area Maintenance
  • Rent Control: No
  • Total Actual Rent: 28200.00
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1440168
  • School Tax: 866.00
  • Tax Annual Amount: 2090.00
  • Assessor Parcel Number: 01-5306-35-78-9044
  • Tax Lot: 9044
  • County Tax Payment Frequency: Annually
  • Tax Year: 2018

Multi Family

  • Gross Income: 28200.00
  • Gross Scheduled Income: 28200.00
  • Income Includes: Apartment Rentals
  • Operating Expense: 9980.00
  • Other Units: Unit 1,Unit 2,Unit 3

MLS Schools

  • School District Name: READING

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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Sold Price
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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 Prior Sale
03/20/2019 03/20/19 Sold $113,000 0.0% --
02/11/2019 02/11/19 Pending -- -- --
02/09/2019 02/09/19 Off Market $113,000 -- --
02/01/2019 02/01/19 For Sale $140,000 +69.2% --
10/10/2016 10/10/16 Sold $82,750 -8.6% $28 / Sq Ft View Prior Sale
08/18/2016 08/18/16 Pending -- -- --
06/21/2016 06/21/16 Price Changed $90,500 -8.1% $31 / Sq Ft
02/01/2016 02/01/16 Price Changed $98,500 0.0% $34 / Sq Ft
02/01/2016 02/01/16 For Sale $98,500 +19.0% $34 / Sq Ft
01/06/2016 01/06/16 Off Market $82,750 -- --
07/20/2015 07/20/15 Price Changed $103,500 -6.3% $35 / Sq Ft
04/23/2015 04/23/15 Price Changed $110,500 -6.8% $38 / Sq Ft
07/28/2014 07/28/14 For Sale $118,500 -- $40 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PABK301028

Bright MLS

APN: 5306-35-78-9044