Seller's Agent in 2019
Jose Candelaria
RE/MAX of Reading
(610) 207-8066
210 Total Sales
815 N 5th St Reading, PA 19601
Studio
3
Baths
2,480
Sq Ft
3,049
Sq Ft Lot
Highlights
- Wood Flooring
- Stained Glass
- Hot Water Heating System
- No HOA
- Built-In Features
- 3-minute walk to Centre Park
About This Home
As of June 2019Very large all brick semi-detached fully rented 3 unit in the beautiful Centre Park Historic District. Stable investment with long term tenants. Rents are under market value. Building is well maintained overall with beautiful natural woodwork. Unit 1, 1st floor has 5 rooms, 3 BRS, hardwood floor, gas hot water heat, gas hot water & gas cooking all paid by tenant, rented for $625/month by a 1 year tenant. Unit 2, 2nd floor has 3 rooms, 1 BR, gas hot water heater, electric baseboard heat & cooking paid by tenant, very nice unit, rented for $600/month by a 2 year tenant. Unit 3, 3rd floor has 3 rooms, 1 BR but is currently being used a 2 private BR, gas hot water heater, electric baseboard heat & cooking paid by tenant, nice unit rented for $575/month by a 3 year tenant. 200 AMP electric main. Newer oil heater in basement is disconnected and not in use. Large fenced yard. Covered front porch. Total gross income: $21,600. Total expenses: $5,483. Taxes: $2,064. Insurance: $487. Water/Sewer/Trash/Recycling: $2,424. Owner's Electric: $408. Permits: $100. Net Income: $16,117. CAP RATE: 12%. Excellent investment opportunity and a must for your investment portfolio. Will not last in this hot real estate market with very low inventory.
Last Agent to Sell the Property
(610) 670-2770 info@goberkscounty.com RE/MAX Of Reading License #RS193774L Listed on: 05/14/2019
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,064
Year Built
- Built in 1898
Lot Details
- 3,049 Sq Ft Lot
- Property is in good condition
Parking
- On-Street Parking
Home Design
- Triplex
- Converted Dwelling
- Brick Exterior Construction
- Stone Foundation
- Shingle Roof
- Asphalt Roof
Interior Spaces
- 2,480 Sq Ft Home
- Built-In Features
- Stained Glass
- Basement Fills Entire Space Under The House
- Fire Escape
Kitchen
- Gas Oven or Range
- Range Hood
Flooring
- Wood
- Carpet
- Ceramic Tile
- Vinyl
Outdoor Features
- Exterior Lighting
Utilities
- Radiator
- Heating System Uses Natural Gas
- Hot Water Heating System
- Electric Baseboard Heater
- 200+ Amp Service
- Multi-Tank Natural Gas Water Heater
- Municipal Trash
- Phone Available
- Cable TV Available
Listing and Financial Details
- The owner pays for insurance, sewer, sewer maintenance, real estate taxes, trash collection, water
- Tax Lot 9855
- Assessor Parcel Number 14-5307-59-74-9855
Community Details
Overview
- No Home Owners Association
- 3 Units
- 3-Story Building
- Centre Park Histor Subdivision
Building Details
- Income includes apartment rentals
- Insurance Expense $487
- Other Expense $4,896
- Operating Expense $5,483
- Net Operating Income $16,117
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Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/27/2019 06/27/19 | Sold | $130,000 | 0.0% | $52 / Sq Ft | |
| 05/20/2019 05/20/19 | Off Market | $130,000 | -- | -- | |
| 05/17/2019 05/17/19 | Pending | -- | -- | -- | |
| 05/14/2019 05/14/19 | For Sale | $135,000 | +199.3% | $54 / Sq Ft | |
| 07/22/2015 07/22/15 | Sold | $45,100 | +9.3% | $18 / Sq Ft | View Prior Sale |
| 06/26/2015 06/26/15 | Pending | -- | -- | -- | |
| 06/17/2015 06/17/15 | For Sale | $41,250 | -- | $17 / Sq Ft |
Source: Bright MLS
Tax History
| 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 |
|---|---|---|---|---|
| 2025 | $1,295 | $47,700 | $10,800 | $36,900 |
| 2024 | $2,118 | $47,700 | $10,800 | $36,900 |
| 2023 | $2,085 | $47,700 | $10,800 | $36,900 |
| 2022 | $2,085 | $47,700 | $10,800 | $36,900 |
| 2021 | $2,085 | $47,700 | $10,800 | $36,900 |
| 2020 | $2,064 | $47,700 | $10,800 | $36,900 |
| 2019 | $2,064 | $47,700 | $10,800 | $36,900 |
| 2018 | $2,064 | $47,700 | $10,800 | $36,900 |
| 2017 | $2,051 | $47,700 | $10,800 | $36,900 |
| 2016 | $1,172 | $47,700 | $10,800 | $36,900 |
| 2015 | $1,172 | $71,200 | $11,400 | $59,800 |
| 2014 | $1,609 | $71,200 | $11,400 | $59,800 |
Source: Public Records
Agents Affiliated with this Home
-
Jose Candelaria
-
Denise Commings
Buyer's Agent in 2019
Denise Commings
RE/MAX of Reading
(484) 955-1133
134 Total Sales
-
Dale Kessler
Seller's Agent in 2015
Dale Kessler
Realty 365
(484) 707-3201
257 Total Sales
-
Karl Becker
Buyer's Agent in 2015
Karl Becker
Coldwell Banker Realty
(484) 256-5882
85 Total Sales
Map
Source: Bright MLS
MLS Number: PABK341414
APN: 5307-59-74-9855
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