Seller's Agent in 2020
Jose Candelaria
RE/MAX of Reading
(610) 207-8066
11 in this area
214 Total Sales
661 N 11th St Reading, PA 19604
District 6 Neighborhood
Studio
3
Baths
1,975
Sq Ft
1,742
Sq Ft Lot
Highlights
- Traditional Architecture
- No HOA
- More Than Two Accessible Exits
- Wood Flooring
- Window Unit Cooling System
- Hot Water Heating System
About This Home
As of September 2020Large NE Reading 3 Unit in good condition. City Of Reading Code inspected and passed in 12/2020. Building is fully rented with long term tenants. All units are full electric. Heating is electric baseboard and paid for by the tenants. 3 Electric water heaters all in basement are paid for by the tenants. 2 of the water heaters are newer. Top roof is asphalt shingle. Rear roof is rubber. 200 AMP main electrical service. 4 Breaker panels. Basement used to be a bike shop years ago and has a display window and walkout street level access. Unit 1 - 1st floor, has 4 rooms, 2 BRS, living room, kitchen, bath, yard access, 1 year tenant, 725 a month. Unit 2 - 2nd & 3rd floor front has 3 rooms, 1 BR, living room, kitchen, bath, hardwood and vinyl floors, 2-3 year tenant, $570 a month. Unit 3 - 2nd Floor rear, efficiency unit, 3 rooms, BR/Living Room, kitchen, bath, bonus room, balcony, hardwood & vinyl floors, 2 year tenant, $415 a month. Total income yearly: $20,520. Total expenses: $5,623. NET Income: $14,897. CAP RATE: 12%. Expenses breakdown: Taxes: $1,965. Insurance: $550. Owner's Electric: $348. Water/Sewer: $$1,800. Trash/Recycling: $960. Excellent investment opportunity in the popular NE Reading section of the City and near all scholls K-College. This is a must for your investment portfolio!
Last Agent to Sell the Property
(610) 670-2770 info@goberkscounty.com RE/MAX Of Reading License #RS193774L Listed on: 07/01/2020
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,965
Year Built
- Built in 1867
Lot Details
- 1,742 Sq Ft Lot
- Property is in good condition
Parking
- On-Street Parking
Home Design
- Triplex
- Traditional Architecture
- Brick Exterior Construction
- Stone Foundation
- Shingle Roof
- Rubber Roof
Interior Spaces
- 1,975 Sq Ft Home
- Basement Fills Entire Space Under The House
Flooring
- Wood
- Laminate
- Vinyl
Utilities
- Window Unit Cooling System
- Hot Water Heating System
- 200+ Amp Service
- Multi-Tank Electric Water Heater
- Municipal Trash
Additional Features
- More Than Two Accessible Exits
- Exterior Lighting
Listing and Financial Details
- The owner pays for common area maintenance, insurance, management, sewer, sewer maintenance, real estate taxes, trash collection, water
- Tax Lot 2005
- Assessor Parcel Number 12-5317-53-14-2005
Community Details
Overview
- No Home Owners Association
- 3 Units
- 4-Story Building
Building Details
- Income includes apartment rentals
- Insurance Expense $550
- Other Expense $4,013
- Trash Expense $960
- Operating Expense $5,623
- Net Operating Income $14,897
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/16/2020 09/16/20 | Sold | $120,000 | 0.0% | $61 / Sq Ft |
| 08/12/2020 08/12/20 | Pending | -- | -- | -- |
| 08/11/2020 08/11/20 | Off Market | $120,000 | -- | -- |
| 08/07/2020 08/07/20 | For Sale | $125,000 | +4.2% | $63 / Sq Ft |
| 07/01/2020 07/01/20 | Off Market | $120,000 | -- | -- |
Source: Bright MLS
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 | $1,232 | $45,400 | $14,300 | $31,100 |
| 2024 | $2,016 | $45,400 | $14,300 | $31,100 |
| 2023 | $1,985 | $45,400 | $14,300 | $31,100 |
| 2022 | $1,985 | $45,400 | $14,300 | $31,100 |
| 2021 | $1,985 | $45,400 | $14,300 | $31,100 |
| 2020 | $1,965 | $45,400 | $14,300 | $31,100 |
| 2019 | $1,965 | $45,400 | $14,300 | $31,100 |
| 2018 | $1,965 | $45,400 | $14,300 | $31,100 |
| 2017 | $1,952 | $45,400 | $14,300 | $31,100 |
| 2016 | $1,115 | $45,400 | $14,300 | $31,100 |
| 2015 | $1,115 | $45,400 | $14,300 | $31,100 |
| 2014 | $1,026 | $45,400 | $14,300 | $31,100 |
Source: Public Records
Agents Affiliated with this Home
-
Jose Candelaria
-
Renee Hamilton
Buyer's Agent in 2020
Renee Hamilton
BHHS Homesale Realty- Reading Berks
(610) 406-1528
23 Total Sales
Map
Source: Bright MLS
MLS Number: PABK359674
APN: 5317-53-14-2005
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