NOT LISTED FOR SALE

Estimated Value: $546,687

Studio
-- Bath
-- Sq Ft
6,969 Sq Ft Lot

Sale Details

Date Sold: November 5, 2024

Last sale price $535,000 $0 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $3,310 / mo

119 Days on Market

Highlights

  • Colonial Architecture
  • Corner Lot
  • Wood Frame Window
  • Wood Flooring
  • High Ceiling
  • 2-minute walk to Centre Park

About This Home

As of November 2024

Incredible turnkey investment opportunity in the Centre Park Historic District! This fully rented and restored 5-unit apartment building gives an instant return! Walking up to the building a covered front porch leads to a foyer with mailboxes. From there, you’ll find the main lobby with a large sitting area, two utility closets, and a half bathroom. The foyer and lobby have been renovated. New carpet and new light fixtures have been installed and the original millwork adds charm. The basement has ample storage space, 2 sets of coin-operated washers and dryers are available for the tenants convenience. The garage roof and eaves were restored in 2017. The exterior brick and trim were also restored in 2017. All units have separate electric meters that were installed in 2018. A new roof was added in 2019. Starting on the first floor: Apartment (1) Private side entrance, 2-bedroom, 1-bath with its own separate high-efficiency HVAC system including central air. Apartment (5) Private corner entrance to a modern studio. Second floor: Apartment (2) Updated 1 bedroom, 1 bath, Apartment (4) - bedroom, 1-bath with updated flooring and toilet. Third Floor: Apartment (3) 3-bedroom, 1-bath. A large 2-car tandem side entry garage with a 1-car driveway, which is currently rented out. This building has been well maintained and is ready for it's new caretaker.

Last Agent to Sell the Property

Marisa Aikman

(610) 947-0408 kenenochs@compass.com Compass RE License #RS335707 Listed on: 05/01/2024

Compass RE

Last Buyer's Agent

Nichole Killeen

(570) 366-4686 navigatewithnicki@gmail.com Mullen Realty Associates License #RS355036

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,421

Year Built

  • Built in 1900

Lot Details

  • 6,969 Sq Ft Lot
  • Corner Lot
  • Property is in very good condition

Parking

  • 2 Car Attached Garage
  • 1 Driveway Space
  • Side Facing Garage
  • On-Street Parking

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Permanent Foundation
  • Plaster Walls
  • Rubber Roof

Interior Spaces

  • High Ceiling
  • Wood Frame Window
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Partially Carpeted

Utilities

  • Window Unit Cooling System
  • Central Air
  • Radiator
  • Heating System Uses Natural Gas
  • Heating System Uses Steam
  • 200+ Amp Service
  • Electric Water Heater

Listing and Financial Details

  • The owner pays for water
  • Tax Lot 7760
  • Assessor Parcel Number 14-5307-59-74-7760

Community Details

Overview

  • 4 Units
  • 3-Story Building
  • Centre Park Histor Subdivision

Building Details

  • Income includes apartment rentals, laundry
  • Insurance Expense $5,040
  • Manager Expense $1,950
  • Operating Expense $1,580

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,421

Year Built

Built in 1900

Lot Details

6,969 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Exclusions: Tenants personal property
  • Inclusions: One refrigerator and one stove per dwelling unit. Two washers and two dryers in basement. As-is condition.
  • New Construction: No
  • Expected On Market: 2024-05-01
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring Type: Partially Carpeted, Hardwood
  • Window Features: Wood Frame
  • Fireplace: No
  • Wall Ceiling Types: High, Plaster Walls
  • Foundation Details: Permanent
  • Basement: Yes
  • Basement Type: Full
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Roof: Rubber
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Asphalt Driveway
  • Garage Features: Garage - Side Entry
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: On Street, Attached Garage, Driveway
  • Number of Spaces in Driveway: 1

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Window Unit(s)
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Radiator, Steam
  • Heating: Yes
  • Hot Water: Electric
  • Security: Main Entrance Lock
  • Sewer/Septic System: Public Sewer
  • Utilities: Natural Gas Available
  • Water Source: Public

Condo/Co-op/Association

  • Professional Management Expense: 1950.00
  • Association Recreation Fee: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.16
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6969.00
  • Property Condition: Very Good
  • Zoning: COMMERCIAL

Rental Info

  • Existing Lease Type: Month To Month, Yearly
  • Ground Rent Exists: No
  • Owner Pays: Water
  • Rent Control: No
  • Total Actual Rent: 59800.00
  • Units Leased Count: 6
  • Vacation Rental: No

Tax Info

  • School Tax: 2593.00
  • Tax Annual Amount: 6421.00
  • Assessor Parcel Number: 14-5307-59-74-7760
  • Tax Lot: 7760
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2024

Multi Family

  • Income Includes: Apartment Rentals, Laundry
  • Operating Expense: 1580.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6

MLS Schools

  • School District Name: READING

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2024
Closed on
Oct 16, 2024
Sold by
Bought by
Seller's Agent
Marisa Aikman
Compass RE
Buyer's Agent
Nichole Killeen
Mullen Realty Associates
List Price
$575,000
Sold Price
$535,000
Premium/Discount to List
-$40,000
-6.96%
Views
131
Current Estimated Value
$546,687

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,687
Avg. Annual Appreciation
1.28%
Original Mortgage
$400,000
Interest Rate
0.0608%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 5, 2021
Closed on
Jul 9, 2021
Sold by
Bought by
Seller's Agent
Daryl Tillman
Daryl Tillman Realty Group
Buyer's Agent
Marisa Aikman
Compass RE
List Price
$400,000
Sold Price
$400,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.13%

Purchase Details

Listed on
Nov 1, 2015
Closed on
Feb 25, 2016
Sold by
Bought by
Seller's Agent
Craig Binkley
A G Binkley Jr Real Estate
Buyer's Agent
O. Chris Miller
RE/MAX Of Reading
List Price
$200,000
Sold Price
$185,000
Premium/Discount to List
-$15,000
-7.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.44%
Original Mortgage
$138,750
Interest Rate
0.0381%
Mortgage Type
Commercial
Source: Public Records
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$535,000 None Listed On Document
-- Wyomissing Abstract Llc
$185,000 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $400,000
Previous Owner $138,750
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/05/2024 11/05/24 Sold $535,000 -4.5% --
08/29/2024 08/29/24 Pending -- -- --
05/29/2024 05/29/24 Price Changed $560,000 -2.6% --
05/01/2024 05/01/24 For Sale $575,000 0.0% --
08/01/2023 08/01/23 Rented $1,000 0.0% --
07/27/2023 07/27/23 Under Contract -- -- --
06/06/2023 06/06/23 For Rent $1,000 0.0% --
07/09/2021 07/09/21 Sold $400,000 0.0% $107 / Sq Ft View Prior Sale
06/13/2021 06/13/21 Pending -- -- --
06/05/2021 06/05/21 For Sale $400,000 +116.2% $107 / Sq Ft
02/25/2016 02/25/16 Sold $185,000 -7.5% -- View Prior Sale
12/09/2015 12/09/15 Pending -- -- --
11/01/2015 11/01/15 For Sale $200,000 -- --
Source: Bright MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $4,082 $144,600 $59,500 $85,100
2025 $3,925 $144,600 $59,500 $85,100
2024 $6,421 $144,600 $59,500 $85,100
2023 $6,321 $144,600 $59,500 $85,100
2022 $6,321 $144,600 $59,500 $85,100
2021 $6,321 $144,600 $59,500 $85,100
2020 $6,258 $144,600 $59,500 $85,100
2019 $6,258 $144,600 $59,500 $85,100
2018 $6,258 $144,600 $59,500 $85,100
2017 $6,217 $144,600 $59,500 $85,100
2016 $2,593 $144,600 $59,500 $85,100
2015 $3,551 $144,600 $59,500 $85,100
2014 $3,268 $144,600 $59,500 $85,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PABK2042566

Bright MLS

APN: 14-5307-59-74-7760

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