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Key Details
Sold Price $145,000
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 3,707 sqft
Price per Sqft $39
Subdivision Southern Reading
MLS Listing ID PABK154564
Sold Date 03/18/19
Style Converted Dwelling
HOA Y/N N
Abv Grd Liv Area 3,707
Originating Board TREND
Year Built 1923
Annual Tax Amount $3,133
Tax Year 2018
Lot Size 1,742 Sqft
Acres 0.04
Lot Dimensions IRREG
Property Description
Grand Victorian stone & brick end of row 4 unit fully rented and producing excellent cash flow! The building has many recent updates and is in very good overall condition. Unit 1 is a 2 story apt, 1st & 2nd floor front, has 4 rms, 2BRS, ornamental brick fireplace in the living room, hardwood floors, wall mounted gas heater, electric baseboard heat, electric range/oven, beautiful natural woodwork and stained glass windows, tiled bath, some replacement windows, rented for $725/month by one of the cleanest tenants you will ever find. Unit 2, 1st flr rear, 3 rooms, 1 BR, gas heater in the living area, electric baseboard heat, electric range/oven, hardwood floor in the BR, ceramic tiled kitchen, some replacement windows, rented for $550/month. Unit 3, 2nd flr rear, 3 rooms, 1BR, electric baseboard heat, elec. range/oven, some replacement windows, rented for $625/month, Unit 4, 3rd flr, 4 rooms, 2 BRS, rented for $675/month. Tenants pay for the electric heat, gas heat, electric hot water. Owner pays for water/sewer/trash/recycling. Large storage room at the rear of the property is used to store the trash cans. 4 electric water heaters in the basement. 200 AMP service main. Old oil heater in the basement is not in use. Solid building top to bottom. Fantastic money maker! Cap Rate 16%. Add this great building to your investment portfolio today.
Location
State PA
County Berks
Area Reading City (10201)
Zoning R3
Rooms
Other Rooms Primary Bedroom
Basement Full, Unfinished, Outside Entrance, Drainage System
Interior
Hot Water Electric
Heating Zoned, Baseboard - Electric
Cooling Wall Unit
Flooring Wood, Fully Carpeted, Vinyl, Tile/Brick
Fireplace N
Window Features Replacement
Heat Source Natural Gas, Electric
Laundry None
Exterior
Utilities Available Cable TV Available
Water Access N
Roof Type Pitched,Metal,Slate
Accessibility None
Garage N
Building
Foundation Stone
Sewer Public Sewer
Water Public
Architectural Style Converted Dwelling
Additional Building Above Grade
New Construction N
Schools
High Schools Reading Senior
School District Reading
Others
Tax ID 16-5316-32-48-1274
Ownership Fee Simple
SqFt Source Assessor
Security Features Security Gate,Intercom
Acceptable Financing Conventional, VA, FHA 203(b)
Listing Terms Conventional, VA, FHA 203(b)
Financing Conventional,VA,FHA 203(b)
Special Listing Condition Standard
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Bought with Barry Ciabattoni • RE/MAX Of Reading