Reading, PA 19604,1568 N 10TH ST
Reading, PA 19604,1568 N 10TH ST
Reading, PA 19604,1568 N 10TH ST
$170,000
Est. payment /mo
$180,000
5.6%
Est.Price: ?

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2,130 SqFt
SOLD DATE : 07/16/2021

Key Details

Sold Price $170,000

Property Type Multi-Family

Sub Type End of Row/Townhouse

Listing Status Sold

Purchase Type For Sale

Square Footage 2,130 sqft

Price per Sqft $79

Subdivision Northeast Reading

MLS Listing ID PABK378532

Sold Date 07/16/21

Style Victorian

HOA Y/N N

Abv Grd Liv Area 2,130

Originating Board BRIGHT

Year Built 1900

Annual Tax Amount $2,129

Tax Year 2020

Lot Size 1,307 Sqft

Acres 0.03

Lot Dimensions 0.00 x 0.00

Property Description

Very large Victorian upper NE Reading 3 unit end of row near Albright College fully rented and in very good condition overall with paved parking for 2 cars. The owner pays for the gas heat, gas hot water, water, sewer, trash & recycling. The heating unit is a modern, high efficiency Bosch wall mounted gas boiler installed 11-15/2013. The hot water heater is a high efficiency power vented single gas water heater for the entire building and paid for by the owner installed around 2016. Tenants pay for their electric. The electric is updated and has a 200 AMP main service with 3 - 100 AMP panels for the units. The main roofs are metal, the mansard roof is asphalt shingle. Unit 1 is the 28x12 storefront with 2 rooms, display window, half bath, laundry tub, rented for $550 a month by a 4 year tenant. Unit 2 is the 1st & 2nd floor rear and has 3 rooms, 1 very large BR on the 2nd floor, living room, kitchen, bath, electric cooking, 1 parking space, rented for $700 a month by a 1 year tenant. Unit 3 is the 2nd & 3rd floor front and has 4 rooms, 2 BRS on the 3rd floor, living room, kitchen, bath, electric cooking, rented for $800 a month by a 3 year tenant. The basement unit is being occupied by a family member and is not considered an approved unit but is rented for $375 a month. This rent is not factored into the gross income. Total income: $24,600. Total expenses: $8962. NOI: 15,638. CAP Rate: 9%. Expenses breakdown: Total Gas: $2616.06. WSTR: $3,177. Taxes: $2,129. Insurance: $940. Permits: $100. Solid investment opportunity with plenty of room to increase the rents, income and CAP Rate and is perfectly located within close proximity to schools, medical, shopping and major roads. This is definitely one to have in your investment portfolio! City Of Reading Code inspected and compliant on 3/11/20.

Location

State PA

County Berks

Area Reading City (10201)

Zoning R3

Rooms

Basement Interior Access, Outside Entrance, Improved, Partially Finished, Rear Entrance, Side Entrance, Walkout Stairs, Unfinished, Heated

Interior

Interior Features Stall Shower, Walk-in Closet(s)

Hot Water Natural Gas

Heating Hot Water, Radiant

Cooling Window Unit(s), Wall Unit

Flooring Vinyl, Laminated

Equipment Exhaust Fan, Oven/Range - Electric, Refrigerator, Water Heater

Fireplace N

Appliance Exhaust Fan, Oven/Range - Electric, Refrigerator, Water Heater

Heat Source Natural Gas

Exterior

Exterior Feature Patio(s)

Garage Spaces 2.0

Utilities Available Above Ground, Electric Available, Natural Gas Available, Phone Available, Sewer Available, Water Available

Waterfront N

Water Access N

Roof Type Asphalt,Shingle,Metal

Accessibility 2+ Access Exits

Porch Patio(s)

Parking Type Off Street

Total Parking Spaces 2

Garage N

Building

Foundation Stone

Sewer Public Sewer

Water Public

Architectural Style Victorian

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Reading

Others

Tax ID 17-5317-21-08-4981

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Conventional, Cash

Listing Terms Conventional, Cash

Financing Conventional,Cash

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Jose M Candelaria • RE/MAX Of Reading
Bought with Jose M Candelaria • RE/MAX Of Reading

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Irma Rodriguez

+1(302) 357-1823

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