NOT LISTED FOR SALE

Estimated Value: $341,000 - $417,129

-- Bed
4 Baths
2,684 Sq Ft
$137/Sq Ft Est. Value

Last Sold February 02, 2021

Last sale price $285,000 $106 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $2,142/month

3 Days on Market

Highlights

  • Traditional Architecture
  • 2 Car Detached Garage
  • Property is in very good condition
  • No HOA
  • Hot Water Heating System
  • Level Lot

About This Home

As of February 2021

Attention investors! This suburban 4 unit (in 2 buildings) is in excellent condition and has been very-well maintained by a conscientious landlord. Located in Muhlenberg township, there are 3 two bedrooms apartments and 1 one bedroom apartment, as well as a coin operated laundry for additional income. All units are fully occupied. Total income is close to $35,000. The utilities have been updated and include a 2-year old gas furnace in the main building and an 11 year old oil furnace in the rear building. If you are a serious investor do not miss this opportunity to add an outstanding property to your investment portfolio. Act now while interest rates are still low! Expense and income summaries are available upon request. This property cam be purchased as a stand alone or as a package including: a 4 unit at 4438 Kutztown Rd (PABK370902) and/or a 4 unit at 310 W. Lancaster Ave Shillington(PABK370916). Call listing agent for more details and to schedule a showing. 48 hour notice required!

Last Agent to Sell the Property

John Tomaszewski

RE/MAX Of Reading License #RS142081A Listed on: 12/07/2020

RE/MAX Of Reading

Last Buyer's Agent

J D Fisher

Hostetter Realty License #RS321446

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,829

Year Built

  • Built in 1920

Lot Details

  • 6,970 Sq Ft Lot
  • Level Lot
  • Property is in very good condition

Parking

  • 2 Car Detached Garage
  • Front Facing Garage
  • On-Street Parking
  • Off-Street Parking

Home Design

  • Quadruplex
  • Traditional Architecture
  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,684 Sq Ft Home
  • Basement Fills Entire Space Under The House
  • Stove

Laundry

  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

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

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • The owner pays for common area maintenance, gas, insurance, sewer, real estate taxes, water
  • Tax Lot 4044
  • Assessor Parcel Number 66-5309-12-95-4044

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Income includes laundry
  • Gross Income $34,694
  • Net Operating Income $19,576

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,829

Year Built

Built in 1920

Lot Details

0

Parking

2

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Home Warranty: No
  • Inclusions: 4 Washers, 4 Stoves, Coin Operated Washer & Dryer
  • New Construction: No
  • Expected On Market: 2020-12-07
  • Year Built: 1920
  • Automatically Close On Close Date: No
  • Remarks Public: Attention investors! This suburban 4 unit (in 2 buildings) is in excellent condition and has been very-well maintained by a conscientious landlord. Located in Muhlenberg township, there are 3 two bedrooms apartments and 1 one bedroom apartment, as well as a coin operated laundry for additional income. All units are fully occupied. Total income is close to $35,000. The utilities have been updated and include a 2-year old gas furnace in the main building and an 11 year old oil furnace in the rear building. If you are a serious investor do not miss this opportunity to add an outstanding property to your investment portfolio. Act now while interest rates are still low! Expense and income summaries are available upon request. This property cam be purchased as a stand alone or as a package including: a 4 unit at 4438 Kutztown Rd (PABK370902) and/or a 4 unit at 310 W. Lancaster Ave Shillington(PABK370916). Call listing agent for more details and to schedule a showing. 48 hour notice required!
  • Special Features: None

Interior Features

  • Appliances: Dryer, Refrigerator, Stove, Washer
  • Fireplace: No
  • Foundation Details: Concrete Perimeter
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 2684
  • Living Area Sq Ft: 2684
  • Price Per Sq Ft: 106.18
  • Above Grade Finished Sq Ft: 2684
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 4440

Exterior Features

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

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Garage - Front Entry
  • Number Of Detached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Off Street, On Street, Detached Garage

Utilities

  • Central Air Conditioning: No
  • Electric Service: 100 Amp Service
  • Heating Fuel: Oil, Natural Gas
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Electric
  • Security: Carbon Monoxide Detector(s), Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: MUHLENBERG
  • School District Key: 300200397508
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 83400.00
  • Land Assessed Value: 27900.00
  • Land Use Code: 107
  • Lot Features: Level
  • Lot Size Acres: 0.16
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6970.00
  • Property Condition: Very Good
  • Year Assessed: 2021
  • Zoning: C-1-VILLAGE-COMMERCIAL

Rental Info

  • Existing Lease Type: Month To Month
  • Number Of Units Month To Month: 4
  • Owner Pays: Common Area Maintenance, Gas, Insurance, Sewer, Taxes - Real Estate, Water
  • Rent Control: No
  • Total Actual Rent: 34394.00
  • Units Leased Count: 4
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1545433
  • School Tax: 3420.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 4829.00
  • Assessor Parcel Number: 66-5309-12-95-4044
  • Tax Lot: 4044
  • Tax Page Number: 55
  • Tax Total Finished Sq Ft: 2684
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2021
  • Close Date: 02/02/2021

Multi Family

  • Gross Scheduled Income: 34694.00
  • Income Includes: Laundry
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3

MLS Schools

  • School District Name: MUHLENBERG

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 7, 2020
Closed on
Feb 1, 2021
Sold by
Managemenet Bryson
Bought by
Smucker Investments Llc
Seller's Agent
John Tomaszewski
RE/MAX Of Reading
Buyer's Agent
J D Fisher
Hostetter Realty
List Price
$285,000
Sold Price
$285,000
Current Estimated Value
$367,532

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$82,532
Avg. Annual Appreciation
4.24%
Original Mortgage
$228,000
Outstanding Balance
$140,270
Interest Rate
2.65%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$203,787

Purchase Details

Closed on
Mar 31, 2005
Sold by
Bryson L Jeff and Bryson Lynn M
Bought by
Bryson Management

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
5.78%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Smucker Investments Llc $285,000 None Available
Bryson Management $129,108 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smucker Investments Llc $228,000
Previous Owner Bryson Management $60,000
Previous Owner Bryson Management Llc $825,000
Previous Owner Bryson Management Llc $120,000
Previous Owner Bryson L Jeff $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/02/2021 02/02/21 Sold $285,000 0.0% $106 / Sq Ft
12/11/2020 12/11/20 Pending -- -- --
12/07/2020 12/07/20 For Sale $285,000 -- $106 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

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 $1,671 $111,300 $27,900 $83,400
2024 $5,358 $111,300 $27,900 $83,400
2023 $5,029 $111,300 $27,900 $83,400
2022 $4,946 $111,300 $27,900 $83,400
2021 $4,829 $111,300 $27,900 $83,400
2020 $4,829 $111,300 $27,900 $83,400
2019 $4,727 $111,300 $27,900 $83,400
2018 $4,643 $111,300 $27,900 $83,400
2017 $4,556 $111,300 $27,900 $83,400
2016 $1,349 $111,300 $27,900 $83,400
2015 $1,349 $111,300 $27,900 $83,400
2014 $1,349 $111,300 $27,900 $83,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PABK370908

Bright MLS

APN: 66-5309-12-95-4044