2,673 SqFt
2,673 SqFt
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 2,673 sqft
Price per Sqft $149
MLS Listing ID PABK2054948
Style Traditional
Abv Grd Liv Area 2,673
Originating Board BRIGHT
Year Built 1930
Annual Tax Amount $5,751
Tax Year 2024
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 0.00 x 0.00
Property Sub-Type Detached
Property Description
Step into this Brick Tudor Revival that beautifully blends period craftsman detailing with timeless charm! Nestled in a sought-after College Heights location, enjoy the convenience of being within walking distance to Albright College, public transportation, and shopping. Experience the enchanting vibe of tree-lined streets doted with fine homes in this picturesque neighborhood.
This property features three licensed rental units, each with private entrances and character reminiscent of the 1930s. Perfect for an owner-occupant or savvy investor, this home also includes a two-car garage that provides additional rental income. long term tenants all on Month to Month leases.
Rental Units Overview:
Unit #1 (Ground Floor): Spacious living room, two bedrooms, a dining room area , galley kitchen, and bath. Rent: $900/month (includes electric paid by landlord's meter) .
Unit #2 ( middle): foyer from front entrance , large eat-in kitchen, three bedrooms, the one smaller bedroom is used as closet by current tenant and a bath. Rent: $900/month (tenant pays electric).
Unit #3 (Third Floor) Generously sized living room, dining area, galley kitchen, one bedroom, and a bathroom. Rent: $900/month.
Two-Car Garage: Additional rental income at $1,500/year rented to a neighbor for a very long time
Additionally, a coin-operated washer and dryer for tenants generates an extra $300 in income, resulting in Gross Annual Income of $34,200
Key Updates:
- Slate roof installed by the previous owner in 2015
- New gas heating system 2023
- New gas hot water heater 2023
-Updated electrical panels
Rents are low -lots of potential for added income. All are Month to Month
Easy to show with 24 hr. notice - Master Key used to access all units except garage.
Sale will be part of Seller's 1031 Exchange
Location
State PA
County Berks
Area Reading City (10201)
Zoning R-1 HEIGHTS CONSERVATION
Rooms
Basement Full
Interior
Hot Water Natural Gas
Heating Hot Water
Cooling None
Fireplace N
Heat Source Natural Gas
Exterior
Parking Features Garage - Rear Entry
Garage Spaces 2.0
Water Access N
Accessibility None
Total Parking Spaces 2
Garage Y
Building
Lot Description Corner
Foundation Block
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Reading
Others
Tax ID 17-5317-23-39-3565
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
Financing Conventional,Cash
Special Listing Condition Standard
1350 Florida Ave NE, Washington, DC, 20002, Unite States