Seller's Agent in 2019
Jose Candelaria
RE/MAX of Reading
(610) 207-8066
231 Total Sales
929 N 3rd St Reading, PA 19601
--
Bed
3
Baths
2,272
Sq Ft
2,178
Sq Ft Lot
Highlights
- No HOA
- Multi-Tank Electric Water Heater
- 4-minute walk to Centre Park
- Electric Baseboard Heater
About This Home
As of June 2019Very large semi-detached 3 unit in overall good condition and located in a prime Centre Park Historic District location behind St Margaret's Church with tenant paid heat. Unit 1 - 1st floor has 5 rooms, 3 BRS, gas radiant heaters, electric cooking & hot water, hardwood floors, projected rent $775/month. Currently vacant. Unit 2 - 2nd & 3rd floor front has 4 rooms, 2 BRS, electric cooking, hot water and electric baseboard heat, rented for $750/month by a 3 year tenant on a M/M basis. Unit 3 - 2nd floor rear is an efficiency unit, electric baseboard heat, hot water and cooking, rented for $500/month b a 1.5 year tenant. 3 Weil McLain gas boilers in basement are not being used. 200 AMP electric with 4 100 AMP breaker panels. Groos income: $24,300. Total Expenses: $5,655. Water/Sewer: 2265. Trash: $646. Electric: $242. Insurance: $472. Taxes: $1,930. Permits: $100. Net Operating Income: $18,645. Cap Rate: 13%. Solid income producing building in a prime location that is a must for your investment portfolio! Being Sold AS IS!
Last Agent to Sell the Property
RE/MAX Of Reading License #RS193774L Listed on: 04/25/2019
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,930
Year Built
- Built in 1910
Lot Details
- 2,178 Sq Ft Lot
- Property is in good condition
Parking
- On-Street Parking
Home Design
- Triplex
- Converted Dwelling
- Brick Exterior Construction
- Stone Foundation
Interior Spaces
- 2,272 Sq Ft Home
- Basement Fills Entire Space Under The House
- Electric Oven or Range
Outdoor Features
- Exterior Lighting
Utilities
- Radiant Heating System
- Electric Baseboard Heater
- 200+ Amp Service
- Multi-Tank Electric Water Heater
- Municipal Trash
- Phone Available
- Cable TV Available
Listing and Financial Details
- The owner pays for common area maintenance, insurance, sewer, sewer maintenance, real estate taxes, trash collection, water
- Tax Lot 8551
- Assessor Parcel Number 14-5307-50-65-8551
Community Details
Overview
- No Home Owners Association
- 3 Units
- 3-Story Building
- Centre Park Histor Subdivision
Building Details
- 1 Vacant Unit
- Income includes apartment rentals
- Insurance Expense $472
- Other Expense $4,437
- Trash Expense $646
- Operating Expense $5,655
- Net Operating Income $18,645
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/21/2019 06/21/19 | Sold | $130,000 | -7.1% | $57 / Sq Ft |
| 04/29/2019 04/29/19 | Pending | -- | -- | -- |
| 04/25/2019 04/25/19 | For Sale | $140,000 | +267.5% | $62 / Sq Ft |
| 02/05/2016 02/05/16 | Sold | $38,100 | +55.5% | $17 / Sq Ft |
| 01/13/2016 01/13/16 | Pending | -- | -- | -- |
| 12/29/2015 12/29/15 | For Sale | $24,500 | -- | $11 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
Agents Affiliated with this Home
-
Jose Candelaria
-
Glen Russell
Seller's Agent in 2016
Glen Russell
EXP Realty, LLC
(610) 564-5400
122 Total Sales
-
Karl Becker
Buyer's Agent in 2016
Karl Becker
Coldwell Banker Realty
(484) 256-5882
93 Total Sales
Map
Source: Bright MLS
MLS Number: PABK340206
APN: 5307-50-65-8551
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