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Key Details
Sold Price $130,000
Property Type Single Family Home
Sub Type Twin/Semi-Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,272 sqft
Price per Sqft $57
Subdivision Centre Park Histor
MLS Listing ID PABK340206
Sold Date 06/21/19
Style Converted Dwelling
HOA Y/N N
Abv Grd Liv Area 2,272
Originating Board BRIGHT
Year Built 1910
Annual Tax Amount $1,930
Tax Year 2018
Lot Size 2,178 Sqft
Acres 0.05
Lot Dimensions 0.00 x 0.00
Property Description
Very 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!
Location
State PA
County Berks
Area Reading City (10201)
Zoning R3
Rooms
Basement Full
Interior
Hot Water Electric, Multi-tank
Heating Baseboard - Electric, Radiant
Cooling None
Equipment Oven/Range - Electric, Refrigerator
Fireplace N
Appliance Oven/Range - Electric, Refrigerator
Heat Source Natural Gas, Electric
Exterior
Utilities Available Cable TV, Electric Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Waterfront N
Water Access N
Accessibility None
Parking Type On Street
Garage N
Building
Foundation Stone
Sewer Public Sewer
Water Public
Architectural Style Converted Dwelling
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Reading
Others
Tax ID 14-5307-50-65-8551
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Jose M Candelaria • RE/MAX Of Reading
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "