512 Spring St Reading, PA 19601

Listing Details

• Property Type: Multi-Family
• Property Sub Type: Quadruplex
• Structure Type: End Of Row/Townhouse
• Architectural Style: Traditional
• Ownership: Fee Simple
• Historic: No
• Home Warranty: No
• Inclusions: 4 Refrigerators, 4 Ranges, Speed Queen Washer and Dryer
• New Construction: No
• Year Built: 1880
• Automatically Close On Close Date: No
• Building Winterized: No
• Remarks Public: INVESTOR ALERT!!! Immaculate and fully renovated! There is nothing left to be done in this beautifully maintained 4-unit building on the edge of the Centre Park Historical District. New exterior paint just completed, replacement windows installed in 2012, new roof in 2018, new super efficient heater/hot water in 2013, new electric panels in 2017. All units fully renovated over the past several years. On-site coin operated Speed Queen washer and dryer provide additional income averaging $325/month. All this and a 10% CAP, section 8 approved.
• Special Features: None

Interior Features

• Appliances: Built-In Range, Range Hood, Refrigerator
• Window Features: Double Hung, Replacement
• Fireplace: No
• Foundation Details: Stone
• Basement: Yes
• Basement Type: Full, Unfinished
• Total Sq Ft: 3242
• Living Area Sq Ft: 3242
• Price Per Sq Ft: 90.99
• Above Grade Finished Sq Ft: 3242
• Above Grade Finished Area Units: Square Feet
• Street Number Modifier: 512

Exterior Features

• Other Structures: Above Grade, Below Grade
• Construction Materials: Brick
• Exterior Features: Fire Escape, Sidewalks, Street Lights, Gutter System
• Roof: Rubber, Flat
• 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
• Type Of Parking: On Street

Utilities

• Central Air Conditioning: No
• Monthly Average Electric: 39
• Previous Twelve Months Electric Expense: 468.00
• Electric Service: 200+ Amp Service
• Gas Avg Month: 164.00
• Gas Prev12 Months: 1968.00
• Heating Fuel: Natural Gas
• Heating Type: Hot Water
• Heating: Yes
• Hot Water: S/W Changeover
• Security: Carbon Monoxide Detector(s), Fire Detection System
• Sewer/Septic System: Public Sewer
• Utilities: Cable Tv Available
• Monthly Water Average: 158
• Water Previous Twelve Months: 1896.00
• Water Source: Public
• Municipal Trash: No

Condo/Co-op/Association

• HOA: No
• Association Recreation Fee: No

Schools

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

Green Features

• Clean Green Assessed: No

Lot Info

• Improvement Assessed Value: 64300.00
• Land Assessed Value: 12000.00
• Land Use Code: 138R
• Lot Size Acres: 0.03
• Lot Dimensions: 15.00 x 100.00
• Lot Size Units: Square Feet
• Lot Sq Ft: 1500.00
• Outdoor Living Structures: Balconies- Multiple, Brick
• Property Condition: Excellent
• Year Assessed: 2021
• Zoning: RESIDENTIAL

Rental Info

• Existing Lease Type: Yearly
• Ground Rent Exists: No
• Owner Pays: Heat, Insurance, Sewer, Taxes - Real Estate, Trash Collection, Water
• Rent Control: No
• Total Actual Rent: 38400.00
• Units Leased Count: 3
• Vacation Rental: No

Tax Info

• Assessor Parcel Number: 1454180
• School Tax: 1368.00
• School Tax Pymnt Freq: Annually
• Tax Annual Amount: 3336.00
• Assessor Parcel Number: 14-5307-51-85-0623
• Tax Lot: 0623
• Tax Total Finished Sq Ft: 3242
• County Tax Payment Frequency: Annually
• Tax Data Updated: No
• Tax Year: 2021
• Close Date: 10/25/2021

Multi Family

• Gross Income: 42300.00
• Gross Scheduled Income: 38400.00
• Income Includes: Apartment Rentals, Laundry
• Operating Expense: 10624.00
• Other Units: Unit 1,Unit 2,Unit 4,Unit 3

MLS Schools

• School District Name: READING