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Key Details
Sold Price $535,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Subdivision Centre Park Histor
MLS Listing ID PABK2042566
Sold Date 11/05/24
Style Colonial
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $6,421
Tax Year 2024
Lot Size 6,969 Sqft
Acres 0.16
Lot Dimensions 0.00 x 0.00
Property Description
Incredible turnkey investment opportunity in the Centre Park Historic District! This fully rented and restored 5-unit apartment building gives an instant return! Walking up to the building a covered front porch leads to a foyer with mailboxes. From there, you’ll find the main lobby with a large sitting area, two utility closets, and a half bathroom. The foyer and lobby have been renovated. New carpet and new light fixtures have been installed and the original millwork adds charm. The basement has ample storage space, 2 sets of coin-operated washers and dryers are available for the tenants convenience. The garage roof and eaves were restored in 2017. The exterior brick and trim were also restored in 2017. All units have separate electric meters that were installed in 2018. A new roof was added in 2019. Starting on the first floor: Apartment (1) Private side entrance, 2-bedroom, 1-bath with its own separate high-efficiency HVAC system including central air. Apartment (5) Private corner entrance to a modern studio. Second floor: Apartment (2) Updated 1 bedroom, 1 bath, Apartment (4) - bedroom, 1-bath with updated flooring and toilet. Third Floor: Apartment (3) 3-bedroom, 1-bath. A large 2-car tandem side entry garage with a 1-car driveway, which is currently rented out. This building has been well maintained and is ready for it's new caretaker.
Location
State PA
County Berks
Area Reading City (10201)
Zoning COMMERCIAL
Rooms
Basement Full
Interior
Hot Water Electric
Heating Radiator, Steam
Cooling Central A/C, Window Unit(s)
Flooring Partially Carpeted, Hardwood
Fireplace N
Window Features Wood Frame
Heat Source Natural Gas
Exterior
Garage Garage - Side Entry
Garage Spaces 3.0
Utilities Available Natural Gas Available
Waterfront N
Water Access N
Roof Type Rubber
Accessibility None
Parking Type On Street, Attached Garage, Driveway
Attached Garage 2
Total Parking Spaces 3
Garage Y
Building
Foundation Permanent
Sewer Public Sewer
Water Public
Architectural Style Colonial
Additional Building Above Grade, Below Grade
Structure Type High,Plaster Walls
New Construction N
Schools
School District Reading
Others
Tax ID 14-5307-59-74-7760
Ownership Fee Simple
SqFt Source Assessor
Security Features Main Entrance Lock
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Nichole Killeen • Coldwell Banker Realty
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