NOT LISTED FOR SALE

645 N 3rd St Reading, PA 19601

Studio
3 Baths
2,375 Sq Ft
1,742 Sq Ft Lot

Last Sold September 29, 2014

Last sale price $65,000 $27 Per Sq Ft

7 Days on Market

Highlights

  • No HOA
  • Forced Air Heating System
  • 3-minute walk to Second & Oley Playground
  • Tile or Brick Flooring

About This Home

As of September 2014

Attention Investors- Fantastic Opportunity! Seller Retiring. HIGH INCOME RETURN- Approximately 20% Cap Rate. Standout Property in a Great Neighborhood-Extra Clean and Low Maintenance. Building in great condition and ready for occupancy. Recent Property Code Inspection completed and passed July 29th,2013. First Floor is a large two bedroom with front porch, basement and rear yard access perfect for owner occupied. LIVE FOR FREE in one while the other two units pay your mortgage. Second unit is a one bedroom with nice kitchen, large bedroom and private rear deck, currently rented. Third unit is a two bedroom with extra nice flooring. History of long term tenants. Easy to rent. Heating was converted to gas in 2008. Well managed and maintained, individual gas meters for gas cooking and hot water. Individual water tanks. This is definitely one to go see.

Last Agent to Sell the Property

Debra & Patrick Hassler

(610) 780-7106 deb@teamhassler.com Keller Williams Platinum Realty - Wyomissing License #AB069070 Listed on: 09/04/2014

Keller Williams Platinum Realty - Wyomissing

Last Buyer's Agent

Mark Lowe

(484) 336-5719 mlowe@c21gold.com Century 21 Gold License #RS287423

Century 21 Gold

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1903

Lot Details

  • 1,742 Sq Ft Lot
  • Property is in good condition

Parking

  • On-Street Parking

Home Design

  • Stone Foundation
  • Pitched Roof
  • Shingle Roof

Interior Spaces

  • 2,375 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Washer and Dryer Hookup

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Tile or Brick
  • Vinyl

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Heating System Uses Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 8952
  • Assessor Parcel Number 14-5307-58-63-8952

Community Details

Overview

  • No Home Owners Association

Building Details

  • Insurance Expense $900
  • Maintenance Expense $700
  • Operating Expense $6,140

Property Details

Home Type

Multi-Family

Year Built

Built in 1903

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Interior Row/Townhouse
  • Ownership: Fee Simple
  • Exclusions: Washer And Dryer
  • New Construction: No
  • Storage: Basement
  • Year Built: 1903
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring Type: Fully Carpeted, Vinyl, Tile/Brick, Laminated
  • Fireplace: No
  • Entry Location: Foyer
  • Foundation Details: Stone
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Laundry Type: Hookup
  • Total Sq Ft: 2375
  • Living Area Sq Ft: 2375
  • Price Per Sq Ft: 29.43
  • Above Grade Finished Sq Ft: 2375
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Construction Completed: No
  • Exterior Features: Sidewalks, Street Lights
  • Roof: Pitched, Shingle
  • 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

  • Annual Heating Expense: 1320.00
  • Central Air Conditioning: No
  • Cooling Type: Wall Unit
  • Heating Fuel: Natural Gas
  • Heating Type: Gas, Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 1200.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Improvement Assessed Value: 44100.00
  • Land Assessed Value: 5800.00
  • Lot Size Acres: 0.04
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1742.00
  • Property Condition: Good
  • Zoning: CO43

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 20700.00
  • Other Units: Unit 1,Unit 2,Unit 3

Tax Info

  • Assessor Parcel Number: 1454374
  • Tax Annual Amount: 2020.00
  • Assessor Parcel Number: 14-5307-58-63-8952
  • Tax Lot: 8952
  • Tax Year: 2014

MLS Schools

  • School District Name: READING

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property History

Date Event Price List to Sale Price per Sq Ft
09/29/2014 09/29/14 Sold $65,000 -7.0% $27 / Sq Ft
09/11/2014 09/11/14 Pending -- -- --
09/04/2014 09/04/14 For Sale $69,900 -- $29 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,354 $49,900 $5,800 $44,100
2024 $2,216 $49,900 $5,800 $44,100
2023 $2,181 $49,900 $5,800 $44,100
2022 $2,181 $49,900 $5,800 $44,100
2021 $2,181 $49,900 $5,800 $44,100
2020 $2,159 $49,900 $5,800 $44,100
2019 $2,159 $49,900 $5,800 $44,100
2018 $2,159 $49,900 $5,800 $44,100
2017 $2,145 $49,900 $5,800 $44,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1003070290

Bright MLS

APN: 5307-58-63-8952