$120,000
$133,000
9.8%For more information regarding the value of a property, please contact us for a free consultation.
2,910 SqFt
SOLD DATE : 01/29/2016
Key Details
Sold Price $120,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,910 sqft
Price per Sqft $41
Subdivision None Available
MLS Listing ID 1002635046
Sold Date 01/29/16
Style Other
HOA Y/N N
Abv Grd Liv Area 2,910
Originating Board TREND
Year Built 1920
Annual Tax Amount $2,817
Tax Year 2015
Lot Size 2,614 Sqft
Acres 0.06
Lot Dimensions 0X0
Property Description
Includes 4 garages which are rented for approx 170/month for three(included in Gross Annual Income) and the fourth is included in the rent. Current rent roll is substantially higher than past years due to upgrades. Tenants pay hot water and electric. Building has been upgraded approximately 35,000 during the past three years, including new roof and roof deck (4,000) windows (5,000), new efficient gas heating system (9,000), plus zoned heating, radiator controls and hidden thermostat and heating sensor behind wall to eliminate tampering (1,200) Attic insulation (2,300)for heat savings. Basement can possibly be rented as a store or office as it was in the past, for additional rental income. In addition, there is a washer/ dryer hookup in basement for possible coin laundry machines for tenants' convenience and additional income. Plenty of street parking as building is at the corner of 6th and Perry.
Location
State PA
County Berks
Area Reading City (10201)
Zoning RES
Rooms
Other Rooms Primary Bedroom
Basement Full
Interior
Hot Water Electric
Heating Gas, Hot Water, Zoned
Cooling None
Fireplace N
Heat Source Natural Gas
Laundry Hookup
Exterior
Garage Spaces 8.0
Waterfront N
Water Access N
Accessibility None
Total Parking Spaces 8
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade
New Construction N
Schools
High Schools Reading Senior
School District Reading
Others
Tax ID 14-5307-43-87-3239
Ownership Fee Simple
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Bought with Ronald A Samsel • Coldwell Banker Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "