223 S 13Th Street
Reading, Pennsylvania PA 19602-2047
Sold For: $165,000
Listing ID: PABK2024840
Price/SqFt: $119.65
Status: CLOSED
Sold Date: 2/13/2023
SqFt: 1,379 Sq Ft
Acres: 0.020 Acres
Year Built: 1900

Great 2-Unit Investment Property to add to your portfolio! This property has a good rate of return at 12%. This 2-unit is an end of row, conveniently located near city park with easy access to the bus route, and is fully occupied. Unit 1 is on the first floor with access at the rear of the building. It’s comprised of 3 rooms, 1 BR, living room, kitchen and full bath. There is also an enclosed front porch that adds to the living space of this unit. This unit is rented for $850.00 a month. Unit 2 is made up of 5 rooms and is located on the 2nd and 3rd floor, access is on the side of this house. This unit has 2 private bedrooms, a kitchen, living room and full bathroom, with hardwood floors and is rented for 1100.00 a month. Tenants pay for heat and hot water. Owner pays taxes, insurance and water/sewer/trash.

Primary Features

County: Berks
Price/SqFt: 119.65
Property Sub Type: End of Row/Townhouse
Property Type: Multi Family
Year Built: 1900
Zoning: R-3

Interior

Basement: yes
Basement Type: Other
Central Air: no
Cooling Type: Window Unit(s)
Fireplace: no
Heating: yes
Heating Type: Baseboard - Electric, Other
Living Area SqFt Source: Estimated
Total Below Grade SqFt Source: Assessor
Total SqFt: 1379
Total SqFt Source: Estimated

External

Architectural Style: Converted Dwelling, Traditional
Building Units Total: 2
Construction Materials: Brick
Cooling Fuel: Electric
Exterior Features: Sidewalks, Street Lights
Foundation Details: Stone
Garage: no
Heating Fuel: Electric, Natural Gas
Hot Water: Electric, Natural Gas
Lot Dimensions Source: Assessor
Lot Size Dimensions: 0.00 x 0.00
Lot Size Source: Assessor
Lot Size Units: Square Feet
New Construction: no
Other Structures: Above Grade, Below Grade
Other Units: Unit 1,Unit 2
Pool: No Pool
Sewer Septic: Public Sewer
Tidal Water: no
Type of Parking: On Street
Water Access: no
Water Oriented: no
Water Source: Public
Water View: no

Location

Country: US
High School: READING SENIOR
MLS Area: Reading City (10201)
Municipality: READING CITY
School District Name: READING
School District Source: Listing Agent
Waterfront: no

Additional

Accessibility Features: None
Base Off Market Date: 2023-02-14T00:00:00+00:00
Days on Market: 20
Land Use Code: 123R
Property Sub Type: Duplex
Year Assessed: 2022
Year Built Source: Assessor

Financial

Acceptable Financing: Conventional, Cash
Association Recreation Fee: N
Automatically Update Tax Values: yes
Buyer Financing: Commercial Wrap
Cap Rate: 12
Exclusions: 1 Washer & Dryer 1st Floor, Tenants' property
Existing Lease Type: Yearly
Inclusions: 2 Range/Oven, 2 Refrigerators
Income Includes: Apartment Rentals
Operating Expense: 3356
Operating Expense Includes: Insurance, Trash
Ownership Interest: Fee Simple
Possession: 0-30 Days CD
Riparian Rights: no
Sale Type: Standard
Tax Annual Amount: 1556
Tax Assessed Value: 35600
Tax Lot: 2853
Tax Total Finished SqFt: 1275
Tax Year: 2022
Vacation Rental: no

Zoning Info


Area Info


Listing courtesy of Century 21 Gold (610) 779-2500

© 2024 Bright MLS. All rights reserved. Information Deemed Reliable, but Not Guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Listing courtesy of Century 21 Gold. Data last updated on Thursday, March 28th, 2024 06:43:37 PM.

Contact - Listing ID PABK2024840

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Jennifer L. King

1290 Broadcasting Rd.
Wyomissing, PA 17601
Phone: 717-723-9080
Main Office 717-509-2880 x3346

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