NOT LISTED FOR SALE

5370 Oley Turnpike Rd Reading, PA 19606

East Reading Neighborhood
-- Bed
-- Bath
8,400 Sq Ft
3.16 Acres

Last Sold March 31, 2016

Last sale price $385,000 $46 Per Sq Ft

150 Days on Market

Highlights

  • 3.16 Acre Lot
  • No HOA
  • Ceiling Fan
  • Exeter Township Senior High School Rated A-
  • En-Suite Primary Bedroom
  • Baseboard Heating

About This Home

As of March 2016

Rare opportunity to own a 8 unit Exeter Township suburban fully occupied apartment building. 4-2BR and 4-1BR apartments all under one roof. Situated on a conveniently located 3 plus acre lot. Most are long term tenants under annual auto renewing 1 year leases. This 3 story building offers plenty of off street parking in both front and back. On site well and septic, all separate electric meters (9 total includes 1 owner's) and each unit has its own hot water heater. Tenants pay their own utilities. Don't miss out on this income producing opportunity schedule your showing today.

Last Listed By

Ed Spayd

RE/MAX Of Reading License #RS276480 Listed on: 07/10/2015

RE/MAX Of Reading

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1979

Lot Details

  • 3.16 Acre Lot
  • Property is in good condition

Parking

  • Parking Lot

Home Design

  • Brick Exterior Construction
  • Stone Foundation
  • Pitched Roof
  • Shingle Roof
  • Aluminum Siding
  • Stucco

Interior Spaces

  • En-Suite Primary Bedroom
  • 8,400 Sq Ft Home
  • Ceiling Fan

Flooring

  • Wall to Wall Carpet
  • Vinyl

Unfinished Basement

  • Partial Basement
  • Exterior Basement Entry

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • 100 Amp Service
  • Well
  • Electric Water Heater
  • On Site Septic
  • Satellite Dish

Listing and Financial Details

  • Tax Lot 8514
  • Assessor Parcel Number 43-5337-04-71-8514

Community Details

Overview

  • No Home Owners Association

Building Details

  • Electric Expense $292
  • Insurance Expense $3,302
  • Maintenance Expense $6,032
  • Other Expense $2,175
  • Operating Expense $22,560

Property Details

Home Type

Multi-Family

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Ownership: Fee Simple
  • Exclusions: Tenant Personals Window Treatments, Window A/C Units
  • Inclusions: 8 Ranges, 8 Refrigerators
  • New Construction: No
  • Other Expense: 2175.00
  • Year Built: 1979
  • Remarks Public: Rare opportunity to own a 8 unit Exeter Township suburban fully occupied apartment building. 4-2BR and 4-1BR apartments all under one roof. Situated on a conveniently located 3 plus acre lot. Most are long term tenants under annual auto renewing 1 year leases. This 3 story building offers plenty of off street parking in both front and back. On site well and septic, all separate electric meters (9 total includes 1 owner's) and each unit has its own hot water heater. Tenants pay their own utilities. Don't miss out on this income producing opportunity schedule your showing today.
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring Type: Fully Carpeted, Vinyl
  • Interior Amenities: Ceiling Fan(s)
  • Fireplace: No
  • Entry Location: Private
  • Foundation Details: Stone
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Partial, Unfinished, Outside Entrance
  • Total Sq Ft: 8400
  • Living Area Sq Ft: 8400
  • Price Per Sq Ft: 47.50
  • Above Grade Finished Sq Ft: 8400
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 5370

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Aluminum Siding, Stucco, Brick
  • Construction Completed: No
  • Exterior Features: Satellite Dish
  • Roof: Pitched, Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Parking Lot

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Wall Unit
  • Electric Expense: 292.00
  • Electric Service: 100 Amp Service, Circuit Breakers
  • Heating Fuel: Electric
  • Heating Type: Electric, Baseboard
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: On Site Septic
  • Water Source: Well

Condo/Co-op/Association

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

Schools

  • School District: EXETER TOWNSHIP
  • School District Key: 300200397319

Lot Info

  • Improvement Assessed Value: 180300.00
  • Land Assessed Value: 79000.00
  • Lot Size Acres: 3.16
  • Lot Dimensions: IRREG
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 137650.00
  • Property Condition: Good
  • Zoning: RES

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 60120.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 8,Unit 3,Unit 6,Unit 7

Tax Info

  • Assessor Parcel Number: 1511976
  • Tax Annual Amount: 10857.00
  • Assessor Parcel Number: 43-5337-04-71-8514
  • Tax Lot: 8514
  • Tax Year: 2016
  • Close Date: 03/31/2016

MLS Schools

  • School District Name: EXETER TOWNSHIP

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
03/31/2016 03/31/16 Sold $385,000 -3.5% $46 / Sq Ft
12/07/2015 12/07/15 Pending -- -- --
07/10/2015 07/10/15 For Sale $399,000 -- $48 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Ed Spayd

    Seller's Agent in 2016

    Ed Spayd

    RE/MAX of Reading

    (610) 587-4762

    16 in this area

    381 Total Sales

    Ed Spayd
    Section Image
  • Dave Decembrino

    Buyer's Agent in 2016

    Dave Decembrino

    RE/MAX of Reading

    (610) 656-9427

    3 in this area

    204 Total Sales

    Dave Decembrino
    Section Image
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Map

Source: Bright MLS

MLS Number: 1002654140

Bright MLS

Pennsylvania Berks County Reading 19606 East Reading

5370 Oley Turnpike Rd, Reading, PA

Homes for Sale in Reading, PA

This home is located at 5370 Oley Turnpike Rd, Reading, PA 19606 since 10 July 2015. This property was built in 1979. 5370 Oley Turnpike Rd is a home located in Berks County with nearby schools including Owatin Creek Elementary School, Exeter Township Junior High School, and Exeter Township Senior High School.

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