$68,000
SOLD JAN 23, 2018

647 N 3rd St Reading, PA 19601

-- Bed
-- Bath
2,228 Sq Ft
1,742 Sq Ft Lot

Recently Sold

$31 Per Sq Ft

15% Below List Price

Highlights

  • No HOA
  • En-Suite Primary Bedroom
  • Wall to Wall Carpet
  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • 3-minute walk to Second & Oley Playground

About This Home

As of September 2021

Solid 2 unit investment in proximity to the historic district. 2 large units in great shape and easy to rent. Some newer replacement windows, all roofs recently checked and in good condition. The second floor unit (4br) was just recently painted and freshened up. Full basement for storage. Economical gas mechanicals to keep operating costs low. Possibility of making a coin op laundry for the tenants in the basement for additional income. Overall a great investment with strong numbers. A great property for first time investors as well as a nice addition to any portfolio. Set up your showing today!

Last Agent to Sell the Property

Justin Crossley

(610) 451-2169 crossleyjm74@gmail.com Iron Valley Real Estate of Berks License #AB067575 Listed on: 11/29/2017

Iron Valley Real Estate of Berks

Last Buyer's Agent

James Ernst

(610) 207-1996 jernst@c21gold.com Century 21 Gold License #AB066836

Century 21 Gold

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1913

Lot Details

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

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Flat Roof Shape
  • Brick Exterior Construction
  • Stone Foundation
  • Pitched Roof
  • Shingle Roof

Interior Spaces

  • En-Suite Primary Bedroom
  • 2,228 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Flooring

  • Wall to Wall Carpet
  • Vinyl

Schools

  • Reading Senior High School

Utilities

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

Listing and Financial Details

  • Tax Lot 8953
  • Assessor Parcel Number 14-5307-58-63-8953

Community Details

Overview

  • No Home Owners Association

Building Details

  • Electric Expense $968
  • Insurance Expense $730
  • Operating Expense $7,063

Property Details

Home Type

Multi-Family

Year Built

Built in 1913

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Twin/Semi-Detached
  • Ownership: Fee Simple
  • Exclusions: All Tenant Personal Property
  • New Construction: No
  • Storage: Basement
  • Year Built: 1913
  • Remarks Public: Solid 2 unit investment in proximity to the historic district. 2 large units in great shape and easy to rent. Some newer replacement windows, all roofs recently checked and in good condition. The second floor unit (4br) was just recently painted and freshened up. Full basement for storage. Economical gas mechanicals to keep operating costs low. Possibility of making a coin op laundry for the tenants in the basement for additional income. Overall a great investment with strong numbers. A great property for first time investors as well as a nice addition to any portfolio. Set up your showing today!
  • Special Features: None

Interior Features

  • Flooring Type: Fully Carpeted, Vinyl
  • Fireplace: No
  • Entry Location: Foyer
  • Foundation Details: Stone
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Laundry Type: Has Laundry
  • Total Sq Ft: 2228
  • Living Area Sq Ft: 2228
  • Price Per Sq Ft: 35.91
  • Above Grade Finished Sq Ft: 2228
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 647

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • Exterior Features: Sidewalks
  • Roof: Flat, 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: 1644.00
  • Central Air Conditioning: No
  • Cooling Type: Wall Unit
  • Cooling: Yes
  • Electric Expense: 968.00
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Gas, Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 1752.00
  • 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: 37400.00
  • Land Assessed Value: 8400.00
  • Land Use Code: 138R
  • Lot Size Acres: 0.04
  • Lot Dimensions: IRREG
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1742.00
  • Property Attached Yn: Yes
  • Property Condition: Good
  • Zoning: RES

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 17400.00
  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: 1454375
  • Tax Annual Amount: 1969.00
  • Assessor Parcel Number: 14-5307-58-63-8953
  • Tax Lot: 8953
  • Tax Year: 2017
  • Close Date: 01/23/2018

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
09/08/2021 09/08/21 Sold $145,000 -9.4% $65 / Sq Ft
06/17/2021 06/17/21 Pending -- -- --
06/10/2021 06/10/21 For Sale $160,000 +135.3% $72 / Sq Ft
01/23/2018 01/23/18 Sold $68,000 -15.0% $31 / Sq Ft
12/06/2017 12/06/17 Pending -- -- --
11/29/2017 11/29/17 For Sale $80,000 -- $36 / 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: 1004240127

Bright MLS

APN: 5307-58-63-8953