Bought with Jose M Candelaria • RE/MAX Of Reading
$100,000
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1,663 SqFt
SOLD DATE : 10/22/2021
Key Details
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 1,663 sqft
Price per Sqft $42
MLS Listing ID PABK2000319
Sold Date 10/22/21
Style Victorian
Abv Grd Liv Area 1,663
Year Built 1900
Annual Tax Amount $2,529
Tax Year 2021
Lot Size 1,306 Sqft
Acres 0.03
Lot Dimensions 0.00 x 0.00
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
Muhlenberg Schools very large Victorian stone & brick 2 unit fully rented with longterm tenants. The building is in need of total rehab. Unit 1 - 1st floor, 3 rooms, 1 BR, living room, kitchen, bath, electric cooking & hot water, tenant pays electric, 1 year tenant paying $725 a month on a M/M basis. Unit 2 is the 2nd & 3rd floors, 5 rooms, 3 BRS, living room, kitchen, bath, 2nd floor balcony, electric cooking & hot water, tenants pay electric, 13 year tenant paying $900 a month on a M/M basis. Owner pays oil heat, water, sewer, trash, recycling. Total annual income: 19,260. Total expenses: 6,525. NOI: 12,735. Cap Rate 12%. Expenses breakdown: Ins: 506. W/S: 1,680. Trash: 560. Owner's Electric: 100. Oil: 1,050. Taxes: 2,529. Permits: 100. Building is in need of total rehab inside and out and is being sold AS IS! Huge potential!
Location
State PA
County Berks
Area Muhlenberg Twp (10266)
Zoning RESIDENTIAL
Rooms
Basement Drain, Front Entrance, Rear Entrance, Outside Entrance, Unfinished
Interior
Interior Features 2nd Kitchen, Carpet
Hot Water Electric, Multi-tank
Heating Hot Water, Radiator
Cooling Window Unit(s)
Flooring Carpet, Vinyl
Equipment Extra Refrigerator/Freezer, Oven/Range - Electric
Fireplace N
Appliance Extra Refrigerator/Freezer, Oven/Range - Electric
Heat Source Oil
Exterior
Exterior Feature Balcony, Porch(es)
Utilities Available Above Ground
Water Access N
Roof Type Asphalt
Accessibility 2+ Access Exits
Porch Balcony, Porch(es)
Garage N
Building
Foundation Stone
Above Ground Finished SqFt 1663
Sewer Public Sewer
Water Public
Architectural Style Victorian
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Muhlenberg
Others
Tax ID 66-5308-16-94-9211
Ownership Fee Simple
SqFt Source 1663
Security Features Carbon Monoxide Detector(s),Smoke Detector
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
Special Listing Condition Standard
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