$282,000
$282,000
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127 SPRING ST Reading, PA 19601
3,283 SqFt
Key Details
Sold Price $282,000
Property Type Multi-Family
Sub Type End of Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 3,283 sqft
Price per Sqft $85
Subdivision Northwest Reading
MLS Listing ID PABK2006478
Sold Date 01/11/22
Style Victorian
Abv Grd Liv Area 3,283
Originating Board BRIGHT
Year Built 1910
Annual Tax Amount $2,479
Tax Year 2021
Lot Size 1,742 Sqft
Acres 0.04
Lot Dimensions 0.00 x 0.00
Property Description
Attention Investors & owner occupants! Very large Queen Anne Historic District stone & brick Queen Anne Victorian end of row 4 Unit in very good condition. All units have electric baseboard heat. 3 Units have gas cooking and 1 with electric cooking. One gas hot water heater for the entire building is paid for the owner. Unit 1st floor has 5 rooms, 3 BRS, Liv, Kit, Bath, electric cooking, rented for $950 a month on a M/M basis. Unit 2 - 2nd floor front has 4 rooms, 1 BR, living room, dining room, kitchen, bath, gas cooking, rented for $700 a month on a M/M basis. Unit 3 - 2nd floor rear is an efficiency, 2 rooms, Br, kit, bath, gas cooking, rented for $625 a month on a M/M basis. Unit 4 - 3rd floor has 3 rooms, 1 BR, liv, kit, bath, gas cooking, rented for $775 a month on a one year lease by a new tenant in 11/1/21. Rubber roofs. 200 AMP electric main with 100 AMP individual breaker panels. Replacement windows. Hardwood floors. Many updates throughout! Great curb appeal! Total income: $37,200. Expenses: $8,082. Net income: $29,118. Expenses breakdown: Taxes: $2,479. Insurance: $1,691. W/S: $2514. Electric: $803. Gas: $495. Cap Rate: 11%. This beauty is a solid investment located in a very nice neighborhood next to the Children's Home of Reading is a must for your real estate portfolio! Owner occupants choose your unit and live for free.
Location
State PA
County Berks
Area Reading City (10201)
Zoning R3
Rooms
Basement Full, Interior Access, Outside Entrance, Unfinished
Interior
Interior Features Carpet, Wood Floors
Hot Water Natural Gas
Heating Baseboard - Electric
Cooling Window Unit(s)
Flooring Hardwood, Laminated, Vinyl, Carpet
Fireplaces Number 1
Equipment Oven/Range - Electric, Refrigerator, Water Heater
Fireplace Y
Window Features Double Pane,Replacement
Appliance Oven/Range - Electric, Refrigerator, Water Heater
Heat Source Electric
Exterior
Exterior Feature Porch(es), Roof
Utilities Available Above Ground, Cable TV Available, Electric Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Waterfront N
Water Access N
Roof Type Rubber,Architectural Shingle
Accessibility 2+ Access Exits
Porch Porch(es), Roof
Parking Type On Street
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 15-5307-49-55-9820
Ownership Fee Simple
SqFt Source Estimated
Security Features Carbon Monoxide Detector(s),Smoke Detector
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Anabel Rodriguez Rodriguez Elizalde • Houwzer, LLC