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Key Details
Sold Price $50,000
Property Type Townhouse
Sub Type Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 1,800 sqft
Price per Sqft $27
Subdivision City Of Reading
MLS Listing ID 1009663276
Sold Date 12/14/18
Style Traditional
Bedrooms 5
Full Baths 2
HOA Y/N N
Abv Grd Liv Area 1,800
Originating Board TREND
Year Built 1900
Annual Tax Amount $1,259
Tax Year 2018
Lot Size 1,307 Sqft
Acres 0.03
Lot Dimensions .
Property Description
Don't miss out on this opportunity! Investors Welcome! 5 bedroom 2 full bathroom home! Walking into this home you will notice the smell of fresh paint, hardwood and tile floors. Walking up the stairs onto the front porch and into the home the first thing you will see is the spacious living room that is open to the formal dining room. Beyond the dining room is the first floor full bath and the kitchen. Continuing up the staircase onto the second floor has 3 full private bedrooms and another full bathroom. Two more nicely sized bedrooms are on the third floor. Additionally, there is a large unfinished basement that would be great for storage! Another plus of this home is a carport for the off-street parking in the back. This home current has oil heat but seller is willing to convert to a gas heating system. This is a must see!!! Please also note the seller is willing to sell 318 Pine St (6 Bed 1 Bath), 320 Pine St ( 5 Bed 2 Bath) and 340 Pine St (6 Bed 2 Bath) all single family homes. Buy 2 homes and get the 3rd home at half price. All three homes for ($175,000) homes rent for $1,000 per month each, $36,000/year rental income, Landlord only pays taxes ($805, $1259, $1575= $3639) and home owners insurance ($1,950) Net income of $30,411/year. Tenants pay all utilities. 17% Cap Rate ? WOW!!!
Location
State PA
County Berks
Area Reading City (10201)
Zoning RES
Rooms
Other Rooms Living Room, Dining Room, Master Bedroom, Bedroom 2, Bedroom 3, Kitchen, Bedroom 1, Other, Attic
Basement Full, Unfinished
Interior
Interior Features Ceiling Fan(s)
Hot Water Oil, S/W Changeover
Heating Oil, Gas, Hot Water, Radiator
Cooling Wall Unit
Flooring Wood, Vinyl
Fireplaces Type Gas/Propane
Fireplace N
Heat Source Oil, Natural Gas
Laundry Basement
Exterior
Exterior Feature Patio(s)
Garage Spaces 1.0
Fence Other
Utilities Available Cable TV
Waterfront N
Water Access N
Roof Type Flat,Pitched,Shingle,Metal
Accessibility Mobility Improvements
Porch Patio(s)
Total Parking Spaces 1
Garage N
Building
Lot Description Level, Rear Yard
Story 3+
Foundation Stone
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories 3+
Additional Building Above Grade
Structure Type 9'+ Ceilings
New Construction N
Schools
High Schools Reading Senior
School District Reading
Others
Senior Community No
Tax ID 01-5306-34-67-9940
Ownership Fee Simple
SqFt Source Assessor
Security Features Security System
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 Glen W Russell • EXP Realty, LLC