NOT LISTED FOR SALE
-- Bed
3 Baths
2,793 Sq Ft
2,614 Sq Ft Lot

Last Sold May 13, 2022

Last sale price $169,900 $61 Per Sq Ft

5 Days on Market

Highlights

  • Deck
  • Surveillance System
  • Property is in very good condition
  • Traditional Architecture
  • Hot Water Heating System
  • Level Lot

About This Home

As of May 2022

Very nice 3-unit residential brick apartment building with happy long-term tenants equating to turn-key investment. Property ready for new owner. Update mechanicals, relatively new flooring, and brand new decks completed at all levels to the rear. Leases have converted to month-to-month. Tenants pay electric. 1 tenant pays for her heat. WaterSewer/Trash is Landlord expense as indicated. Gross annual rental income currently $21,300/year.

Last Agent to Sell the Property

Scott Witman

(484) 269-8508 switman528@comcast.net BHHS Homesale Realty- Reading Berks License #RS223538L Listed on: 04/13/2022

BHHS Homesale Realty- Reading Berks

Last Buyer's Agent

Christie Englehart

(610) 334-5808 closingswithchristie@gmail.com Iron Valley Real Estate of Berks License #RS357261

Iron Valley Real Estate of Berks

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,208

Year Built

  • Built in 1900

Lot Details

  • Level Lot
  • Property is in very good condition

Parking

  • On-Street Parking

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 2,793 Sq Ft Home
  • Vinyl Flooring
  • Surveillance System
  • Electric Oven or Range
  • Basement

Utilities

  • Hot Water Heating System
  • 120/240V
  • Natural Gas Water Heater
  • Cable TV Available

Additional Features

  • Deck
  • Urban Location

Community Details

  • 3 Units
  • Income includes apartment rentals

Listing and Financial Details

  • The owner pays for gas, sewer, real estate taxes, trash collection, water
  • Tax Lot 2063
  • Assessor Parcel Number 07-5307-75-82-2063

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,208

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Traditional
  • Exclusions: Tenant Personal Property
  • Inclusions: Kitchen appliances in each apartment unit, plus ceiling light fixtures
  • New Construction: No
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Remarks Public: Very nice 3-unit residential brick apartment building with happy long-term tenants equating to turn-key investment. Property ready for new owner. Update mechanicals, relatively new flooring, and brand new decks completed at all levels to the rear. Leases have converted to month-to-month. Tenants pay electric. 1 tenant pays for her heat. WaterSewer/Trash is Landlord expense as indicated. Gross annual rental income currently $21,300/year.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Oven/Range - Electric, Refrigerator
  • Flooring Type: Vinyl
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Other
  • Basement: Yes
  • Basement Type: Poured Concrete
  • Total Sq Ft: 2793
  • Living Area Sq Ft: 2793
  • Price Per Sq Ft: 60.83
  • Above Grade Finished Sq Ft: 2793
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 535

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Exterior Features: Sidewalks
  • Road Surface Type: Paved
  • Roof: Unknown
  • View: Street
  • 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
  • Cooling Fuel: Electric
  • Monthly Average Electric: 27
  • Previous Twelve Months Electric Expense: 324.00
  • Electric Service: 120/240V
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Surveillance Sys
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available, Electric Available, Natural Gas Available, Sewer Available, Water Available
  • Monthly Water Average: 400
  • Water Previous Twelve Months: 4800.00
  • Water Source: Public
  • Internet Services: Cable

Schools

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

Lot Info

  • Land Use Code: 138R
  • Lot Features: Level
  • Lot Dimensions: 0.00 x 0.00
  • Outdoor Living Structures: Deck(s)
  • Property Condition: Very Good
  • Year Assessed: 2022
  • Zoning: RESIDENTIAL

Rental Info

  • Existing Lease Type: Month To Month
  • Owner Pays: Gas, Sewer, Taxes - Real Estate, Trash Collection, Water
  • Total Actual Rent: 21300.00
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • School Tax: 905.00
  • Tax Annual Amount: 2208.00
  • Assessor Parcel Number: 07-5307-75-82-2063
  • Tax Lot: 2063
  • Tax Total Finished Sq Ft: 2793
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 05/13/2022

Multi Family

  • Gross Income: 21300.00
  • Income Includes: Apartment Rentals
  • Other Units: Unit 1,Unit 2,Unit 3

MLS Schools

  • School District Name: READING

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
05/13/2022 05/13/22 Sold $169,900 0.0% $61 / Sq Ft
04/18/2022 04/18/22 Pending -- -- --
04/13/2022 04/13/22 For Sale $169,900 +169.7% $61 / Sq Ft
02/19/2016 02/19/16 Sold $63,000 -15.9% $23 / Sq Ft
01/13/2016 01/13/16 Pending -- -- --
06/25/2015 06/25/15 For Sale $74,900 -- $27 / 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: PABK2014324

Bright MLS

APN: 5307-75-82-2063