NOT LISTED FOR SALE

602 N 5th St Reading, PA 19601

-- Bed
3 Baths
2,966 Sq Ft
2,614 Sq Ft Lot

Last Sold April 23, 2018

Last sale price $120,000 $40 Per Sq Ft

2 Days on Market

Highlights

  • Wood Flooring
  • En-Suite Primary Bedroom
  • Hot Water Heating System
  • No HOA
  • Zoned Heating
  • Laundry Facilities

About This Home

As of April 2018

Grand Centre Park Historic District Semi-Detached 3 Unit in very good condition and fully occupied with 2 long-term tenants and 1 new tenant. This very large all brick building boasts 3,000 sf and very spacious 1 BR units. Tenants pay for their own gas heat, gas hot water and electric. Owner pays for water/sewer, trash & recycling. Coin operated laundry in basement for additional income or convenience for tenants. This building is a solid income producing investment and a must have for your portfolio. 13% Cape Rate. Rents could be $100 a month higher.

Last Listed By

Jose Candelaria

RE/MAX Of Reading License #RS193774L Listed on: 04/02/2018

RE/MAX Of Reading

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

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

Parking

  • On-Street Parking

Home Design

  • 2,966 Sq Ft Home
  • Triplex
  • Brick Exterior Construction
  • Stone Foundation
  • Pitched Roof

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • En-Suite Primary Bedroom

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Schools

  • Reading Senior High School

Utilities

  • Zoned Heating
  • Radiator
  • Heating System Uses Gas
  • Hot Water Heating System
  • 200+ Amp Service
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 7656
  • Assessor Parcel Number 14-5307-67-73-7656

Community Details

Overview

  • No Home Owners Association
  • Centre Park Histor Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Income includes laundry
  • Electric Expense $420
  • Insurance Expense $1,200
  • Maintenance Expense $1,440
  • Other Expense $100
  • Operating Expense $9,078

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Twin/Semi-Detached
  • Ownership: Fee Simple
  • Exclusions: Anything Not Listed As Remaining.
  • Inclusions: 3 Range/Ovens,3 Ref's.,Coin Operated Wshr/Dryr-As Is, Dryer Is Not
  • New Construction: No
  • Other Expense: 100.00
  • Storage: Basement
  • Year Built: 1900
  • Remarks Public: Grand Centre Park Historic District Semi-Detached 3 Unit in very good condition and fully occupied with 2 long-term tenants and 1 new tenant. This very large all brick building boasts 3,000 sf and very spacious 1 BR units. Tenants pay for their own gas heat, gas hot water and electric. Owner pays for water/sewer, trash & recycling. Coin operated laundry in basement for additional income or convenience for tenants. This building is a solid income producing investment and a must have for your portfolio. 13% Cape Rate. Rents could be $100 a month higher.
  • Special Features: None

Interior Features

  • Flooring Type: Wood, Vinyl
  • Fireplace: No
  • Entry Location: Private
  • Foundation Details: Stone
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished, Outside Entrance
  • Laundry Type: Common
  • Total Sq Ft: 2966
  • Living Area Sq Ft: 2966
  • Price Per Sq Ft: 42.14
  • Above Grade Finished Sq Ft: 2966
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 602

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • Exterior Features: Sidewalks, Street Lights
  • Roof: Pitched
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Street
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Electric Expense: 420.00
  • Electric Service: 200+ Amp Service, Circuit Breakers
  • Heating Fuel: Natural Gas
  • Heating Type: Gas, Hot Water, Radiator, Zoned
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Sewer Expenses: 2400.00
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: READING
  • High School: READING SENIOR
  • School District Key: 300200397169
  • High School: READING SENIOR

Lot Info

  • Improvement Assessed Value: 70500.00
  • Land Assessed Value: 10800.00
  • Lot Size Acres: 0.06
  • Lot Dimensions: IRREG
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2614.00
  • Property Condition: Good
  • Zoning: R3

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 25800.00
  • Income Includes: Laundry
  • Other Units: Unit 1,Unit 2,Unit 3

Tax Info

  • Assessor Parcel Number: 1455075
  • Tax Annual Amount: 3518.00
  • Assessor Parcel Number: 14-5307-67-73-7656
  • Tax Lot: 7656
  • Tax Year: 2018
  • Close Date: 04/23/2018

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
04/23/2018 04/23/18 Sold $120,000 -4.0% $40 / Sq Ft
04/04/2018 04/04/18 Pending -- -- --
04/02/2018 04/02/18 For Sale $125,000 -- $42 / 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: 1000377290

Bright MLS

APN: 5307-67-73-7656