$900,000
SOLD APR 11, 2025
-- Bed
-- Bath
10,344 Sq Ft
2,614 Sq Ft Lot

Recently Sold

$87 Per Sq Ft

22 Days on Market

Highlights

  • City View
  • Wood Flooring
  • Double Door Entry
  • 0.06 Acre Lot
  • Corner Lot
  • 4-minute walk to City Park

About This Home

As of April 2025

Great investment opportunity; This 8 units building has been well kept, and always rented.

Last Agent to Sell the Property

Angelo Giannotti

RE/MAX Of Reading License #RS-271069 Listed on: 11/21/2024

RE/MAX Of Reading

Last Buyer's Agent

Angelo Giannotti

RE/MAX Of Reading License #RS-271069 Listed on: 11/21/2024

RE/MAX Of Reading

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,089

Year Built

  • Built in 1911

Lot Details

  • 2,614 Sq Ft Lot
  • Corner Lot
  • Property is in good condition

Home Design

  • Stone Foundation
  • Plaster Walls
  • Rubber Roof
  • Stone Siding

Interior Spaces

  • 10,344 Sq Ft Home
  • Ceiling height of 9 feet or more
  • Double Door Entry
  • City Views
  • Partially Finished Basement

Flooring

  • Wood
  • Carpet
  • Ceramic Tile
  • Vinyl

Home Security

  • Home Security System
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Hot Water Heating System
  • 200+ Amp Service
  • Natural Gas Water Heater
  • Municipal Trash
  • Public Septic
  • Cable TV Available

Listing and Financial Details

  • The owner pays for gas, sewer, real estate taxes, trash collection, water
  • Tax Lot 0796
  • Assessor Parcel Number 08-5317-77-00-0796

Community Details

Overview

  • 4 Units

Building Details

  • Maintenance Expense $950
  • Net Operating Income $97,404

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,089

Year Built

Built in 1911

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: End Of Row/Townhouse
  • Ownership: Fee Simple
  • Exclusions: personal belonging
  • Historic: No
  • Inclusions: refrigerators and stoves in the residential units.
  • New Construction: No
  • Year Built: 1911
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: Great investment opportunity; This 8 units building has been well kept, and always rented.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring Type: Carpet, Ceramic Tile, Hardwood, Vinyl
  • Fireplace: No
  • Door Features: Double Entry
  • Wall Ceiling Types: 9'+ Ceilings, Plaster Walls
  • Foundation Details: Stone
  • Basement: Yes
  • Basement Type: Partially Finished
  • Total Sq Ft: 10344
  • Living Area Sq Ft: 10344
  • Price Per Sq Ft: 87.01
  • Above Grade Finished Sq Ft: 10344
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 51

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Stone
  • Road Surface Type: Paved
  • Roof: Rubber
  • Spa: No
  • View: City
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Electric, Natural Gas
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Carbon Monoxide Detector(s), Security System, Smoke Detector
  • Sewer/Septic System: Public Septic
  • Utilities: Cable Tv
  • Water Source: Public
  • Municipal Trash: Yes

Schools

  • School District: READING
  • School District Key: 300200397169
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: 4124
  • Lot Features: Corner
  • Lot Size Acres: 0.06
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2614.00
  • Property Condition: Good
  • Soil Types: Unknown
  • Year Assessed: 2024
  • Zoning: MIXED USE

Rental Info

  • Existing Lease Type: Month To Month
  • Owner Pays: Gas, Sewer, Taxes - Real Estate, Trash Collection, Water
  • Units Leased Count: 8
  • Vacation Rental: No

Tax Info

  • School Tax: 2055.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 5089.00
  • Assessor Parcel Number: 08-5317-77-00-0796
  • Tax Lot: 0796
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024
  • Close Date: 04/11/2025

Multi Family

  • Gross Income: 117660.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 8,Unit 3,Unit 6,Unit 7

MLS Schools

  • School District Name: READING

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Range of Values:

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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
04/11/2025 04/11/25 Sold $900,000 0.0% $87 / Sq Ft
12/13/2024 12/13/24 Pending -- -- --
11/21/2024 11/21/24 For Sale $900,000 +168.7% $87 / Sq Ft
07/24/2020 07/24/20 Sold $335,000 -5.9% $32 / Sq Ft
12/05/2019 12/05/19 Pending -- -- --
12/05/2019 12/05/19 For Sale $355,900 -- $34 / 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: PABK2051362

Bright MLS