Seller's Agent in 2019
Jose Candelaria
RE/MAX of Reading
(610) 207-8066
208 Total Sales
505 Oley St Reading, PA 19601
Studio
4
Baths
3,748
Sq Ft
2,614
Sq Ft Lot
Highlights
- Victorian Architecture
- Hot Water Heating System
- 4-minute walk to Centre Park
- No HOA
- Property is in very good condition
About This Home
As of May 2019Attention Investors! Very large Centre Park Historic District Victorian brick & stone 4 unit fully rented and in overall good condition. All heating expenses are paid by the tenants. Owner pays for water/sewer, trash, recycling and common area electric. Unit 1, 1st floor has 5 rooms, 2 private BRS, rented for $760/month by a 2 year tenant on a M/M basis. Gas hot water heat, gas hot water, electric range/oven, has laundry in basement and pays $35/month towards the water & utilities. Washer & dryer belong to tenant's for unit 1. Unit 2, 2nd floor front has 3 rooms, 1 BR, rented for $600/month. Electric baseboard heat, electric hot water, gas range/oven. Unit 3, 2nd floor rear has 3 rooms, 1 BR, rented for $575/month by a 2 year tenant on a M/M basis. Electric baseboard heat, electric hot water, gas range/oven. Unit 4, 3rd floor has 5 rooms, 3 BRS, rented for $725/month. Electric baseboard heat, electric hot water, gas range/oven. Expenses: Water/Sewer/Trash/Recycling - $3,960. Insurance - $760. Owner's electric - $312. Permits - $100. Excellent money making investment property producing a 16% Cap Rate and located in one of Reading's premier neighborhoods! Competitively priced and will not last in this hot real estate market with very low inventory! NO WEEKEND SHOWINGS WILL BE PERMITTED!
Last Agent to Sell the Property
(610) 207-8066 jcandelaria@goberkscounty.com RE/MAX Of Reading License #RS193774L Listed on: 01/25/2019
Last Buyer's Agent
(941) 842-6100 ron@berksrealtor.com United Real Estate Strive 212 License #RS202136L
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,817
Year Built
- Built in 1900
Lot Details
- 2,614 Sq Ft Lot
- Property is in very good condition
Parking
- On-Street Parking
Home Design
- Quadruplex
- Victorian Architecture
- Brick Exterior Construction
- Stone Foundation
- Shingle Roof
- Asphalt Roof
Interior Spaces
- 3,748 Sq Ft Home
- Basement Fills Entire Space Under The House
- Fire Escape
Utilities
- Hot Water Heating System
- Natural Gas Water Heater
Listing and Financial Details
- The owner pays for insurance, lawn/shrub care, repairs, management, sewer, sewer maintenance, snow removal, real estate taxes, trash collection, water
- Tax Lot 9148
- Assessor Parcel Number 14-5307-59-74-9148
Community Details
Overview
- No Home Owners Association
- 4 Units
- Centre Park Historic Dist Subdivision
Building Details
- Income includes apartment rentals
- Insurance Expense $760
- Other Expense $3,960
- Operating Expense $7,930
- Net Operating Income $23,990
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Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/20/2019 05/20/19 | Sold | $140,000 | -6.7% | $37 / Sq Ft | |
| 04/05/2019 04/05/19 | Pending | -- | -- | -- | |
| 03/19/2019 03/19/19 | For Sale | $150,000 | +7.1% | $40 / Sq Ft | |
| 02/07/2019 02/07/19 | Off Market | $140,000 | -- | -- | |
| 01/25/2019 01/25/19 | For Sale | $150,000 | +233.3% | $40 / Sq Ft | |
| 11/10/2016 11/10/16 | Sold | $45,000 | -9.8% | $12 / Sq Ft | View Prior Sale |
| 10/14/2016 10/14/16 | Pending | -- | -- | -- | |
| 10/05/2016 10/05/16 | For Sale | $49,900 | -- | $13 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $1,767 | $65,100 | $7,500 | $57,600 |
| 2024 | $2,891 | $65,100 | $7,500 | $57,600 |
| 2023 | $2,846 | $65,100 | $7,500 | $57,600 |
| 2022 | $2,846 | $65,100 | $7,500 | $57,600 |
| 2021 | $2,846 | $65,100 | $7,500 | $57,600 |
| 2020 | $2,817 | $65,100 | $7,500 | $57,600 |
| 2019 | $2,817 | $65,100 | $7,500 | $57,600 |
| 2018 | $2,817 | $65,100 | $7,500 | $57,600 |
| 2017 | $2,799 | $65,100 | $7,500 | $57,600 |
| 2016 | $1,599 | $65,100 | $7,500 | $57,600 |
| 2015 | $1,599 | $65,100 | $7,500 | $57,600 |
| 2014 | $1,471 | $65,100 | $7,500 | $57,600 |
Source: Public Records
Agents Affiliated with this Home
-
Jose Candelaria
-
Ronald Samsel
Buyer's Agent in 2019
Ronald Samsel
United Real Estate Strive 212
(941) 842-6100
113 Total Sales
-
Felix Morales
F
Seller's Agent in 2016
Felix Morales
United Real Estate Strive 212
(610) 207-7972
18 Total Sales
-
David Yeager
Seller Co-Listing Agent in 2016
David Yeager
Pagoda Realty
(610) 985-7700
44 Total Sales
Map
Source: Bright MLS
MLS Number: PABK248516
APN: 5307-59-74-9148
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