$128,000
SOLD AUG 21, 2020

728 N 2nd St Reading, PA 19601

Northwest Reading Neighborhood
-- Bed
-- Bath
2,584 Sq Ft
2,614 Sq Ft Lot

Recently Sold

$50 Per Sq Ft

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 2020

Very 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

Jose Candelaria

RE/MAX Of Reading License #RS193774L Listed on: 07/02/2020

RE/MAX Of Reading

Last Buyer's Agent

Jose Candelaria

RE/MAX Of Reading License #RS193774L Listed on: 07/02/2020

RE/MAX Of Reading

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,246

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Victorian
  • Accessibility Features: 2+ Access Exits
  • Ownership: Fee Simple
  • Historic: Yes
  • Home Warranty: No
  • Inclusions: 3 Range/Ovens, 3 Refrigerators
  • New Construction: No
  • Other Expense: 4286.00
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: Very 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!
  • Special Features: None

Interior Features

  • Appliances: Oven/Range - Electric, Refrigerator
  • Flooring Type: Hardwood, Vinyl
  • Fireplace: No
  • Foundation Details: Stone
  • Room Count: 10
  • Basement: Yes
  • Basement Type: Full, Drain, Interior Access, Outside Entrance, Rear Entrance, Unfinished
  • Total Sq Ft: 2584
  • Living Area Sq Ft: 2584
  • Price Per Sq Ft: 49.54
  • Above Grade Finished Sq Ft: 2584
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 728

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Exterior Features: Exterior Lighting, Fire Escape, Sidewalks, Street Lights
  • Roof: Pitched
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Paved Parking
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Off Street
  • Off Street Parking Spaces: 2

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Electric Service: 200+ Amp Service, Circuit Breakers
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric, Multi-Tank
  • Sewer/Septic System: Public Sewer
  • Utilities: Above Ground, Electric Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
  • 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: 41100.00
  • Land Assessed Value: 10800.00
  • Land Use Code: 138
  • Lot Size Acres: 0.06
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2614.00
  • Property Condition: Good
  • Year Assessed: 2020
  • Zoning: R3

Rental Info

  • Existing Lease Type: Yearly
  • Owner Pays: Common Area Maintenance, Insurance, Sewer, Sewer Maintenance, Taxes - Real Estate, Trash Collection, Water
  • Rent Control: No
  • Total Actual Rent: 21660.00
  • Units Leased Count: 3
  • Vacation Rental: No
  • Rent Spree Online Application: No

Tax Info

  • Assessor Parcel Number: 1457079
  • School Tax: 931.00
  • Tax Annual Amount: 2246.00
  • Assessor Parcel Number: 15-5307-57-64-1333
  • Tax Lot: 1333
  • Tax Total Finished Sq Ft: 2584
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2020
  • Close Date: 08/21/2020

Multi Family

  • Gross Income: 21660.00
  • Income Includes: Apartment Rentals
  • Operating Expense: 6886.00
  • Other Units: Unit 1,Unit 2,Unit 3
  • Single Room Units Count: 1

MLS Schools

  • School District Name: READING

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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
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

Source: Public Records

Agents Affiliated with this Home

  • Jose Candelaria

    Seller's Agent in 2020

    Jose Candelaria

    RE/MAX of Reading

    (610) 207-8066

    11 in this area

    225 Total Sales

    Jose Candelaria
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: PABK360090

Bright MLS

APN: 5307-57-64-1333

Pennsylvania Berks County Reading 19601 Northwest Reading

728 N 2nd St, Reading, PA

This home is located at 728 N 2nd St, Reading, PA 19601 and is currently priced at $128,000, approximately $49 per square foot. This property was built in 1900. 728 N 2nd St is a home located in Berks County with nearby schools including Riverside Elementary School, Northwest Middle School, and Reading Senior High School.

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