NOT LISTED FOR SALE

446 Penn Ave Reading, PA 19611

-- Bed
-- Bath
-- Sq Ft
5,663 Sq Ft Lot

Last Sold April 25, 2016

Last sale price $365,000

404 Days on Market

Highlights

  • 0.13 Acre Lot
  • No HOA
  • Central Air
  • West Reading Elementary Center Rated A-
  • En-Suite Primary Bedroom
  • Heating System Uses Gas

About This Home

As of April 2016

5,000 plus Sq. Ft. Commercial Property Centrally located in the West Reading Business District. Currently occupied as mixed use with cafe/Restaurant on the main level. Beautifully maintained & decorated. Current lease is well below market value at $1600/mo. space of this size along the Penn Ave. strip could be rented between $2200-$2500/mo. The 2nd & 3rd fls. are residential unites also currently leased at well below market value. The 2 BR Apt. could easily rent for $800/mo., while market value on the 3 BR should range between $1200-$1300/mo. both apts are meticulously maintained. Each unit has separately meter heating & Central Air systems, utilities paid by tenants. Large, easily accessible parking lot in rear & Laundry Room. In 3rd Apt are some of the features that nicely finish this property. An Absolute Must See Property !!!

Last Agent to Sell the Property

Tim Bisbano

Keller Williams Philadelphia Listed on: 09/19/2014

Keller Williams Philadelphia

Last Buyer's Agent

Sandy Matz

RE/MAX Of Reading

RE/MAX Of Reading

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,268

Year Built

  • Built in 1930

Lot Details

  • 5,663 Sq Ft Lot
  • Property is in good condition

Home Design

  • Brick Exterior Construction

Parking

  • 4 Parking Spaces
  • On-Street Parking

Schools

  • Wyomissing Area Junior-Senior High School

Utilities

  • Central Air
  • Heating System Uses Gas
  • 200+ Amp Service
  • Natural Gas Water Heater

Additional Features

  • En-Suite Primary Bedroom
  • Basement Fills Entire Space Under The House

Community Details

  • No Home Owners Association
  • Operating Expense $5,174

Listing and Financial Details

  • Tax Lot 3096
  • Assessor Parcel Number 93-5307-17-20-3096

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,268

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1930
  • Remarks Public: 5,000 plus Sq. Ft. Commercial Property Centrally located in the West Reading Business District. Currently occupied as mixed use with cafe/Restaurant on the main level. Beautifully maintained & decorated. Current lease is well below market value at $1600/mo. space of this size along the Penn Ave. strip could be rented between $2200-$2500/mo. The 2nd & 3rd fls. are residential unites also currently leased at well below market value. The 2 BR Apt. could easily rent for $800/mo., while market value on the 3 BR should range between $1200-$1300/mo. both apts are meticulously maintained. Each unit has separately meter heating & Central Air systems, utilities paid by tenants. Large, easily accessible parking lot in rear & Laundry Room. In 3rd Apt are some of the features that nicely finish this property. An Absolute Must See Property !!!
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full
  • Street Number Modifier: 446-448

Exterior Features

  • Construction Materials: Brick
  • Construction Completed: No
  • Exterior Features: Sidewalks, Street Lights
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Street
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Gas
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Schools

  • School District: WYOMISSING AREA
  • High School: WYOMISSING AREA JUNIOR-SENIOR
  • School District Key: 300200397308
  • High School: WYOMISSING AREA JUNIOR-SENIOR

Lot Info

  • Improvement Assessed Value: 57900.00
  • Land Assessed Value: 59800.00
  • Land Use Code: 4126
  • Lot Size Acres: 0.13
  • Lot Dimensions: .
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5663.00
  • Property Condition: Good
  • Zoning: MULTI

Rental Info

  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 3

Tax Info

  • Assessor Parcel Number: 1588474
  • Tax Annual Amount: 5268.00
  • Assessor Parcel Number: 93-5307-17-20-3096
  • Tax Lot: 3096
  • Tax Year: 2016
  • Close Date: 04/25/2016

MLS Schools

  • School District Name: WYOMISSING AREA

Range of Values:

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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 Change Sq Ft Price
04/25/2016 04/25/16 Sold $365,000 -18.9% --
10/28/2015 10/28/15 Pending -- -- --
09/19/2014 09/19/14 For Sale $449,900 -- --
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Tim Bisbano

    Seller's Agent in 2016

    Tim Bisbano

    Keller Williams Philadelphia

    (610) 468-1227

    6 Total Sales

    Tim Bisbano
    Section Image
  • Sandy Matz

    Buyer's Agent in 2016

    Sandy Matz

    RE/MAX of Reading

    (610) 451-3791

    8 in this area

    145 Total Sales

    Sandy Matz
    Section Image
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Map

Source: Bright MLS

MLS Number: 1003089424

Bright MLS
Pennsylvania Berks County Reading 19611

446 Penn Ave, Reading, PA

This home is located at 446 Penn Ave, Reading, PA 19611 since 19 September 2014. This property was built in 1930. 446 Penn Ave is a home located in Berks County with nearby schools including West Reading Elementary Center, Wyomissing Hills Elementary Center, and Wyomissing Area Junior-Senior High School.

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