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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 2,480 sqft
Price per Sqft $52
Subdivision Centre Park Histor
MLS Listing ID PABK341414
Sold Date 06/27/19
Style Converted Dwelling
HOA Y/N N
Abv Grd Liv Area 2,480
Originating Board BRIGHT
Year Built 1898
Annual Tax Amount $2,064
Tax Year 2018
Lot Size 3,049 Sqft
Acres 0.07
Lot Dimensions 0.00 x 0.00
Property Description
Very 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.
Location
State PA
County Berks
Area Reading City (10201)
Zoning R3
Rooms
Basement Full
Interior
Interior Features Carpet, Built-Ins, Stain/Lead Glass, Wood Floors
Hot Water Natural Gas, Multi-tank
Heating Hot Water, Radiator, Baseboard - Electric
Cooling None
Flooring Carpet, Ceramic Tile, Hardwood, Vinyl
Equipment Oven/Range - Electric, Oven/Range - Gas, Refrigerator, Range Hood
Fireplace N
Appliance Oven/Range - Electric, Oven/Range - Gas, Refrigerator, Range Hood
Heat Source Natural Gas
Exterior
Utilities Available Cable TV, Electric Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Waterfront N
Water Access N
Roof Type Asphalt,Shingle
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 14-5307-59-74-9855
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 Denise J Commings • RE/MAX Of Reading
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