$220,000
SOLD MAY 14, 2021
-- Bed
-- Bath
2,050 Sq Ft
1,742 Sq Ft Lot

Recently Sold

$107 Per Sq Ft

59% Above List Price

40 Days on Market

Highlights

  • City View
  • Open Floorplan
  • No HOA
  • Private Lot
  • Victorian Architecture
  • Balcony

About This Home

As of May 2021

Three occupied apartments over a small store front. Great producer with projected gross income of at least $24,000+ . The apartments rent as follows: Apt #1 (1st fl Rear) $600.00 / month Apt #2 (2nd fl Rear) $550.00 / month Apt #3 (2,3 fl Front) $675.00 / month store front projected $350 / month There is one possible parking space in the back yard. Tenant pays: Sewer/Water over $25; Electric; Gas/Hot water; Additional trash (big bulky items); Pest Control; snow removal; sidewalk/lawn/shrubbery care

Last Agent to Sell the Property

Sean Moretti

Destination Realty LLC Listed on: 01/19/2021

Last Buyer's Agent

Alexander Jackson

Coldwell Banker Realty License #RS333500

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,040

Year Built

  • Built in 1900

Lot Details

  • 1,742 Sq Ft Lot
  • Backs To Open Common Area
  • Private Lot
  • Interior Lot
  • Back Yard
  • Zero Lot Line
  • Property is in good condition

Home Design

  • Triplex
  • Victorian Architecture
  • Brick Exterior Construction

Interior Spaces

  • 2,050 Sq Ft Home
  • Open Floorplan
  • City Views
  • Basement Fills Entire Space Under The House

Kitchen

  • Kitchen in Efficiency Studio
  • Electric Oven or Range
  • Stove

Parking

  • Public Parking
  • On-Street Parking

Outdoor Features

  • Balcony
  • Brick Porch or Patio

Location

  • Urban Location

Schools

  • 10Th-Green Elementary School
  • Reading Senior High School

Utilities

  • Hot Water Heating System
  • 100 Amp Service
  • Water Heater
  • Municipal Trash
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • The owner pays for trash collection, heater maintenance contract, water, sewer
  • Tax Lot 3516
  • Assessor Parcel Number 07-5307-67-82-3516

Community Details

Overview

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

Building Details

  • 1 Vacant Unit
  • Income includes apartment rentals
  • Insurance Expense $900
  • Manager Expense $2,550
  • Trash Expense $1,080
  • Gross Income $24,225

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,040

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Over Storefront
  • Architectural Style: Victorian
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Year Built: 1900
  • Building Winterized: No
  • Remarks Public: Three occupied apartments over a small store front. Great producer with projected gross income of at least $24,000+ . The apartments rent as follows: Apt #1 (1st fl Rear) $600.00 / month Apt #2 (2nd fl Rear) $550.00 / month Apt #3 (2,3 fl Front) $675.00 / month store front projected $350 / month There is one possible parking space in the back yard. Tenant pays: Sewer/Water over $25; Electric; Gas/Hot water; Additional trash (big bulky items); Pest Control; snow removal; sidewalk/lawn/shrubbery care
  • Special Features: None

Interior Features

  • Appliances: Oven/Range - Electric, Refrigerator, Stove, Water Heater
  • Interior Amenities: Combination Kitchen/Dining, Combination Kitchen/Living, Floor Plan - Traditional, Kitchen - Efficiency, Store/Office
  • Fireplace: No
  • Room Count: 12
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 2050
  • Living Area Sq Ft: 2050
  • Price Per Sq Ft: 65.85
  • Above Grade Finished Sq Ft: 2050
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 410

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Exterior Features: Sidewalks
  • Road Surface Type: Black Top, Paved
  • Roof: Unknown
  • Spa: No
  • View: City, Street
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Public
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Electric Service: 100 Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water
  • Heating: Yes
  • Pest Control Expense: 120.00
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available, Electric Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
  • Water Source: Public
  • Municipal Trash: Yes
  • Internet Services: Broadband, Cable, DSL, LTE

Condo/Co-op/Association

  • HOA: No
  • Professional Management Expense: 2550.00
  • Association Recreation Fee: No

Schools

  • School District: READING
  • Elementary School: 10TH-GREEN
  • High School: READING SENIOR
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • School District Key: 300200397169
  • School District Source: Listing Agent
  • Elementary School: 10TH-GREEN
  • High School: READING SENIOR

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 15200.00
  • Land Assessed Value: 8600.00
  • Land Use Code: 138R
  • Lot Features: Backs - Open Common Area, Interior, Private, Rear Yard, Zero Lot Line
  • Lot Size Acres: 0.04
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1742.00
  • Outdoor Living Structures: Balcony, Brick
  • Property Condition: Good
  • Soil Types: Unknown
  • Year Assessed: 2021
  • Zoning: R3
  • Zoning Description: high density residential, light commercial, retail

Rental Info

  • Existing Lease Type: Month To Month, Yearly
  • Ground Rent Exists: No
  • Owner Pays: Trash Collection, Heater Maintenance Contract, Water, Sewer
  • Rent Control: No
  • Total Actual Rent: 25500.00
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1444983
  • School Tax: 427.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 1040.00
  • Assessor Parcel Number: 07-5307-67-82-3516
  • Tax Lot: 3516
  • Tax Total Finished Sq Ft: 2050
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2021
  • Close Date: 05/14/2021

Multi Family

  • Number Of Units Vacant: 1
  • Gross Income: 24225.00
  • Gross Scheduled Income: 24225.00
  • Income Includes: Apartment Rentals
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3
  • Single Room Units Count: 1
  • Vacancy Allowance Rate: 5.00

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 Change Sq Ft Price
05/14/2021 05/14/21 Sold $220,000 0.0% $107 / Sq Ft
03/01/2021 03/01/21 Off Market $220,000 -- --
02/28/2021 02/28/21 Pending -- -- --
02/23/2021 02/23/21 Price Changed $135,000 -2.2% $66 / Sq Ft
02/18/2021 02/18/21 For Sale $138,000 -37.3% $67 / Sq Ft
02/03/2021 02/03/21 Off Market $220,000 -- --
01/19/2021 01/19/21 For Sale $138,000 +452.0% $67 / Sq Ft
05/16/2012 05/16/12 Sold $25,000 0.0% $12 / Sq Ft
04/27/2012 04/27/12 Pending -- -- --
03/14/2012 03/14/12 For Sale $25,000 -- $12 / 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: PABK372488

Bright MLS

APN: 5307-67-82-3516