Seller's Agent in 2020
Jose Candelaria
RE/MAX of Reading
(610) 207-8066
5 in this area
228 Total Sales
750 N 10th St Reading, PA 19604
Outlet Area Neighborhood
--
Bed
2
Baths
2,494
Sq Ft
1,742
Sq Ft Lot
Highlights
- Traditional Architecture
- 1 Car Detached Garage
- Hot Water Heating System
- No HOA
- Oversized Parking
- Multi-Tank Electric Water Heater
About This Home
As of May 2020Incredible income potential and long term investment opportunity. Owner has started some improvements. Very large NE Reading 3 unit end of row about 2500 square feet in need of some work. 2 story 1.5 car garage. Unit 1 has 3 rooms, 1 BR, gas hot water heat and new electric hot water heater paid for by tenant and projected rent of $650/month. Unit 2, 2nd floor rear, efficiency unit gutted, has a new gas heater and has a new electric hot water both paid for by tenant, projected rent $600/month. Unit 3, 2nd & 3rd floor front has 4 rooms, 2 private BRS, currently vacant, gas hot water heat and new electric hot water heater paid by tenant, projected rent $750/month. Gross projected rent: $24,000. Expenses: Taxes: $1960. W/S: $2400. Owner's Electric: $350. Insurance: $1,200. Permits: $100. Total Expenses: $6,010. Net Income: $17,990. Cap Rate: 21.00%. 2 Story garage has a bathroom & electric. Tenants pay for gas heat, and electricity. owner pays for water , sewer, trash & recycling. 3 Gas Boilers - 1 new, 3 new electric hot water heaters. Being sold AS IS! Cash sales only!
Last Agent to Sell the Property
RE/MAX Of Reading License #RS193774L Listed on: 05/22/2020
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1900
Lot Details
- 1,742 Sq Ft Lot
- Property is in below average condition
Parking
- 1 Car Detached Garage
- Oversized Parking
- Parking Storage or Cabinetry
- Rear-Facing Garage
- On-Street Parking
Home Design
- 2,494 Sq Ft Home
- Triplex
- Traditional Architecture
- Brick Exterior Construction
- Stone Foundation
Kitchen
- Electric Oven or Range
Basement
- Basement Fills Entire Space Under The House
- Interior and Exterior Basement Entry
- Drain
Outdoor Features
- Exterior Lighting
- Outbuilding
Utilities
- Hot Water Heating System
- Above Ground Utilities
- 200+ Amp Service
- Multi-Tank Electric Water Heater
- Municipal Trash
- Cable TV Available
Listing and Financial Details
- The owner pays for common area maintenance, insurance, sewer, sewer maintenance, snow removal, real estate taxes, trash collection, water
- Tax Lot 4582
- Assessor Parcel Number 12-5317-53-04-4582
Community Details
Overview
- No Home Owners Association
- 3 Units
- 4-Story Building
Building Details
- 3 Vacant Units
- Income includes apartment rentals
- Insurance Expense $1,200
- Operating Expense $4,810
- Gross Income $24,000
- Net Operating Income $17,990
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/29/2020 05/29/20 | Sold | $77,500 | -11.4% | $31 / Sq Ft |
| 05/22/2020 05/22/20 | For Sale | $87,500 | +45.8% | $35 / Sq Ft |
| 05/21/2020 05/21/20 | Pending | -- | -- | -- |
| 05/10/2019 05/10/19 | Sold | $60,000 | -7.7% | $24 / Sq Ft |
| 04/05/2019 04/05/19 | Pending | -- | -- | -- |
| 04/05/2019 04/05/19 | For Sale | $65,000 | -- | $26 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
Agents Affiliated with this Home
-
Jose Candelaria
Map
Source: Bright MLS
MLS Number: PABK357826
APN: 5317-53-04-4582
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