661 N 11th St Reading, PA 19604

Listing Details

• Property Type: Multi-Family
• Property Sub Type: Triplex
• Structure Type: End Of Row/Townhouse
• Architectural Style: Traditional
• Accessibility Features: 2+ Access Exits
• Ownership: Fee Simple
• Historic: No
• Home Warranty: No
• Inclusions: 3 Range/Ovens, 3 Refrigerators
• New Construction: No
• Other Expense: 4013.00
• Year Built: 1867
• Automatically Close On Close Date: No
• Remarks Public: Large 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!
• Special Features: None

Interior Features

• Flooring Type: Laminated, Vinyl, Wood
• Fireplace: No
• Foundation Details: Stone
• Room Count: 9
• Basement: Yes
• Basement Type: Full
• Total Sq Ft: 1975
• Living Area Sq Ft: 1975
• Price Per Sq Ft: 63.29
• Above Grade Finished Sq Ft: 1975
• Above Grade Finished Area Units: Square Feet
• Street Number Modifier: 661

Exterior Features

• Other Structures: Above Grade, Below Grade
• Construction Materials: Brick
• Exterior Features: Exterior Lighting, Sidewalks, Street Lights
• Roof: Rubber, 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: On Street

Utilities

• Central Air Conditioning: No
• Cooling Fuel: Electric
• Cooling Type: Window Unit(s)
• Electric Service: 200+ Amp Service
• Heating Fuel: Electric
• Heating Type: Hot Water
• Heating: Yes
• Hot Water: Electric, Multi-Tank
• Sewer/Septic System: Public Sewer
• Water Source: Public
• Municipal Trash: Yes

Condo/Co-op/Association

• HOA: No

Schools

• School District: READING
• School District Key: 300200397169
• School District Source: Listing Agent

Green Features

• Clean Green Assessed: No

Lot Info

• Improvement Assessed Value: 31100.00
• Land Assessed Value: 14300.00
• Land Use Code: 133R
• Lot Size Acres: 0.04
• Lot Dimensions: 0.00 x 0.00
• Lot Size Units: Square Feet
• Lot Sq Ft: 1742.00
• Property Condition: Good
• Year Assessed: 2020
• Zoning: R3

Rental Info

• Existing Lease Type: Long Term, Yearly
• Owner Pays: Common Area Maintenance, Insurance, Management, Sewer, Sewer Maintenance, Taxes - Real Estate, Trash Collection, Water
• Rent Control: No
• Total Actual Rent: 20520.00
• Units Leased Count: 3
• Vacation Rental: No
• Rent Spree Online Application: No

Tax Info

• Assessor Parcel Number: 1450660
• School Tax: 814.00
• Tax Annual Amount: 1965.00
• Assessor Parcel Number: 12-5317-53-14-2005
• Tax Lot: 2005
• Tax Total Finished Sq Ft: 1975
• County Tax Payment Frequency: Annually
• Tax Data Updated: No
• Tax Year: 2020
• Close Date: 09/16/2020

Multi Family

• Gross Income: 20520.00
• Income Includes: Apartment Rentals
• Operating Expense: 5623.00
• Other Units: Unit 1,Unit 2,Unit 3
• Single Room Units Count: 1

MLS Schools

• School District Name: READING