NOT LISTED FOR SALE

3527 Penn Ave Reading, PA 19608

Studio
3 Baths
4,992 Sq Ft
9,148 Sq Ft Lot

Last Sold March 04, 2020

Last sale price $217,500 $44 Per Sq Ft

1 Day on Market

Highlights

  • Traditional Architecture
  • Wood Flooring
  • No HOA
  • Wilson West Middle School Rated 9+
  • 3 Fireplaces
  • Back, Front, and Side Yard

About This Home

As of March 2020

This Wilson School District brick 3 unit investment property was built as a 3 unit and offers excellent cash flow! Tenants pay for heat (electric), hot water, sewer, trash and electric. Landlord pays insurance and taxes. All units are 2 bedrooms, 1 bath, kitchen and living room with fireplace. There is off street parking to the rear. 24 hour notice required for all showings, tenants must be contacted. Please call listing agent for more details.

Last Agent to Sell the Property

John Tomaszewski

(610) 670-2770 info@goberkscounty.com RE/MAX Of Reading License #RS142081A Listed on: 01/29/2020

RE/MAX Of Reading

Last Buyer's Agent

Cristyl Lapi

(610) 816-7404 chris@weikelrealtygroup.com Weikel Realty Group LLC License #336983

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,003

Year Built

  • Built in 1975

Lot Details

  • 9,148 Sq Ft Lot
  • Irregular Lot
  • Sloped Lot
  • Back, Front, and Side Yard
  • Property is in good condition

Home Design

  • Triplex
  • Traditional Architecture
  • Brick Exterior Construction
  • Block Foundation
  • Pitched Roof
  • Shingle Roof
  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 3 Fireplaces
  • Dining Area

Kitchen

  • Kitchen in Efficiency Studio
  • Electric Oven or Range
  • Built-In Range

Flooring

  • Wood
  • Carpet

Parking

  • Alley Access
  • Stone Driveway
  • Unpaved Parking
  • Parking Lot
  • Off-Street Parking
  • Unassigned Parking

Utilities

  • Hot Water Baseboard Heater
  • 100 Amp Service
  • Electric Water Heater
  • Phone Available
  • Cable TV Available

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • The owner pays for insurance, real estate taxes
  • Tax Lot 1253
  • Assessor Parcel Number 79-4386-10-46-1253

Community Details

Overview

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

Building Details

  • Income includes apartment rentals
  • Operating Expense $5,973
  • Gross Income $26,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,003

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Exclusions: washer, dryer all tenants
  • Home Warranty: No
  • Inclusions: 3 stoves, 3 refrigerators
  • New Construction: No
  • Expected On Market: 2020-01-29
  • Year Built: 1975
  • Special Features: None

Interior Features

  • Appliances: Built-In Range, Oven/Range - Electric, Water Heater
  • Interior Amenities: Carpet, Dining Area, Kitchen - Efficiency, Wood Floors
  • Fireplaces Count: 3
  • Fireplace: Yes
  • Foundation Details: Block
  • Basement: No
  • Total Sq Ft: 4992
  • Living Area Sq Ft: 4992
  • Price Per Sq Ft: 94.11
  • Above Grade Finished Sq Ft: 2496
  • Below Grade Finished Sq Ft: 2496
  • Total Below Grade Sq Ft: 2496
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Vinyl Siding, Wood Siding
  • Exterior Features: Exterior Lighting, Street Lights
  • Roof: Pitched, Shingle
  • View: Street
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Stone Driveway, Unassigned, Unpaved
  • Type Of Parking: Alley, Off Street, Parking Lot

Utilities

  • Central Air Conditioning: No
  • Electric Service: 100 Amp Service
  • Heating Fuel: Electric
  • Heating Type: Hot Water & Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv, Cable Tv Available, Electric Available, Natural Gas Available, Phone, Phone Available, Sewer Available, Water Available
  • 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: 83900.00
  • Land Assessed Value: 34400.00
  • Lot Features: Front Yard, Irregular, Rear Yard, Sideyard(s), Sloping
  • Lot Size Acres: 0.21
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 9148.00
  • Property Condition: Good
  • Zoning: C-1 NEIGHBORHOOD COMMERCI

Rental Info

  • Existing Lease Type: Month To Month
  • Number Of Units Month To Month: 3
  • Owner Pays: Insurance, Taxes - Real Estate
  • Rent Control: No
  • Total Actual Rent: 26100.00
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1566720
  • School Tax: 3107.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 5003.00
  • Assessor Parcel Number: 79-4386-10-46-1253
  • Tax Lot: 1253
  • Tax Page Number: 3
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2020

Multi Family

  • Gross Scheduled Income: 26100.00
  • Income Includes: Apartment Rentals
  • Operating Expense: 5973.00
  • Other Units: Unit 1,Unit 2,Unit 3
  • Vacancy Allowance Rate: 5.00

MLS Schools

  • School District Name: WILSON
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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
03/04/2020 03/04/20 Sold $217,500 -7.4% $44 / Sq Ft
01/31/2020 01/31/20 Pending -- -- --
01/29/2020 01/29/20 For Sale $234,900 -- $47 / 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 $2,107 $118,300 $34,400 $83,900
2024 $5,516 $118,300 $34,400 $83,900
2023 $5,337 $118,300 $34,400 $83,900
2022 $5,203 $118,300 $34,400 $83,900
2021 $5,003 $118,300 $34,400 $83,900
2020 $5,003 $118,300 $34,400 $83,900
2019 $4,927 $118,300 $34,400 $83,900
2018 $4,843 $118,300 $34,400 $83,900
2017 $4,769 $118,300 $34,400 $83,900
2016 $1,703 $118,300 $34,400 $83,900
2015 $1,703 $118,300 $34,400 $83,900
2014 $1,703 $118,300 $34,400 $83,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PABK353308

Bright MLS

APN: 4386-10-46-1253