Seller's Agent in 2020
Jose Candelaria
RE/MAX of Reading
(610) 207-8066
11 in this area
227 Total Sales
728 N 2nd St Reading, PA 19601
Northwest Reading Neighborhood
--
Bed
3
Baths
2,584
Sq Ft
2,614
Sq Ft Lot
Highlights
- Wood Flooring
- No HOA
- Electric Baseboard Heater
- Victorian Architecture
- More Than Two Accessible Exits
- 2-minute walk to Second & Oley Playground
About This Home
As of August 2020Very large Victorian all brick Semi-detached 3 unit in good condition overall and fully rented. Unit 1, 1st floor has 4 rooms, 2 BRS, electric baseboard heat, electric hot water, electric range/oven, 1 year section 8 tenant, $675/month. Unit 2, 2nd floor has 4 rms, 2 BRS, elec. baseboard heat, elec. hot water, gas range/oven, 1 yr tenant, rented for $700/month. Unit 3, 3flr, an efficiency/studio, elec. baseboard heat, elec. hot water, gas range/oven, covered 2nd flr balcony, 5 yr tenant, rented for 430 month. Covered front porch. Covered 2nnd floor balcony. Rear patio. Hardwired smoke detectors. Off street parking for 2 cars. Total Annual Income: $21,660. Total Expenses: $6,886. Net Income: $14,774. CAP RATE: 12%. Expenses breakdown: Taxes: $2,246. Insurance: $1,500. W/S/T/R: $2,620. Owner's Electric: $420. Permits: $100. Located near the Centre Park Historic District. Stable building with long-term tenants. Excellent cash flow! A must have for your investment portfolio!
Last Agent to Sell the Property
RE/MAX Of Reading License #RS193774L Listed on: 07/02/2020
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,246
Year Built
- Built in 1900
Lot Details
- 2,614 Sq Ft Lot
- Historic Home
- Property is in good condition
Home Design
- 2,584 Sq Ft Home
- Triplex
- Victorian Architecture
- Brick Exterior Construction
- Stone Foundation
- Pitched Roof
Flooring
- Wood
- Vinyl
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior and Exterior Basement Entry
- Drain
Parking
- 2 Parking Spaces
- 2 Off-Street Spaces
- Paved Parking
Utilities
- Window Unit Cooling System
- Electric Baseboard Heater
- Above Ground Utilities
- 200+ Amp Service
- Multi-Tank Electric Water Heater
- Municipal Trash
- Phone Available
Additional Features
- Electric Oven or Range
- More Than Two Accessible Exits
- Exterior Lighting
Listing and Financial Details
- The owner pays for common area maintenance, insurance, sewer, sewer maintenance, real estate taxes, trash collection, water
- Tax Lot 1333
- Assessor Parcel Number 15-5307-57-64-1333
Community Details
Overview
- No Home Owners Association
- 3 Units
- 4-Story Building
Building Details
- Income includes apartment rentals
- Insurance Expense $1,500
- Other Expense $4,286
- Trash Expense $1,000
- Operating Expense $6,886
- Net Operating Income $14,774
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/21/2020 08/21/20 | Sold | $128,000 | 0.0% | $50 / Sq Ft |
| 07/02/2020 07/02/20 | For Sale | $128,000 | +34.7% | $50 / Sq Ft |
| 07/01/2020 07/01/20 | Pending | -- | -- | -- |
| 01/31/2019 01/31/19 | Sold | $95,000 | 0.0% | $37 / Sq Ft |
| 11/30/2018 11/30/18 | Pending | -- | -- | -- |
| 09/11/2018 09/11/18 | For Sale | $95,000 | -- | $37 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
Agents Affiliated with this Home
-
Jose Candelaria
Map
Source: Bright MLS
MLS Number: PABK360090
APN: 5307-57-64-1333
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