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640 N 3rd Street
Reading, Pennsylvania PA 19601-2839
Sold For: $335,000
Listing ID: PABK2028996
Price/SqFt: $123.03
Status: CLOSED
Sold Date: 6/13/2023
SqFt: 2,723 Sq Ft
Acres: 0.100 Acres
Year Built: 1886

Welcome to your new real estate investment opportunity! This three-story building is a great way to jumpstart your portfolio and start making money right away. With four fully rented units, you'll find yourself with a steady and reliable source of income! Unit one was previously used as the owners unit and consists of 3 bedrooms, 2 bath, Laundry, Garage, a Back Yard and 2 finished rooms with bathroom in the walk out lower level. The unit has vinyl plank flooring and a walk in shower. Unit one is rented for $1,000 per month. Unit two is a 2 bedroom, 1 bath with a side private entrance. This unit rents for $750 per month. Unit Three is located on the second floor and is a 3 bedroom, 1 bath with new carpeting, Vinyl plank flooring and fresh paint. This unit rents for $950 per month. Unit four is a 2 bedroom, 1 bath with Vinyl plank flooring and new carpet. This unit rents for $775. The gross yearly income for this property is $41,700

Primary Features

County: Berks
Price/SqFt: 123.03
Property Sub Type: Twin/Semi-Detached
Property Type: Multi Family
Year Built: 1886


Appliances: Oven/Range - Gas, Refrigerator, Washer, Dryer
Central Air: no
Cooling Type: None
Flooring Type: Carpet, Laminate Plank, Vinyl
Heating: yes
Heating Type: Hot Water
Living Area SqFt Source: Assessor
Total Below Grade SqFt Source: Assessor
Total SqFt: 2723
Total SqFt Source: Assessor


Architectural Style: Traditional
Building Units Total: 4
Construction Materials: Brick
Cooling Fuel: None
Exterior Features: Fire Escape, Sidewalks
Foundation Details: Stone
Garage: yes
Garage Features: Basement Garage, Garage - Side Entry, Inside Access
Garage Spaces Count: 2
Heating Fuel: Natural Gas
Hot Water: 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
Number of Attached Garage Spaces: 2
Other Structures: Above Grade, Below Grade
Other Units: Unit 1,Unit 2,Unit 4,Unit 3
Outdoor Living Structures: Porch(es)
Pool: No Pool
Roof: Slate
Sewer Septic: Public Sewer
Tidal Water: no
Total Garage and Parking Spaces: 2
Type of Parking: Attached Garage, On Street
Water Access: no
Water Oriented: no
Water Source: Public
Water View: no


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


Accessibility Features: None
Base Off Market Date: 2023-06-14T00:00:00+00:00
Days on Market: 7
Land Use Code: 133
Property Sub Type: Quadruplex
Year Assessed: 2023
Year Built Source: Assessor


Acceptable Financing: Cash, Conventional
Automatically Update Tax Values: yes
Buyer Financing: Conventional
Cap Rate: 9.13
Exclusions: Tenants personal property
Inclusions: 4 Refridgerators, 4 Stoves, 1 Washer, 1 Dryer
Income Includes: Apartment Rentals
Insurance Expense: 1757
Operating Expense: 11122
Ownership Interest: Fee Simple
Possession: Settlement
Riparian Rights: no
Sale Type: Standard
Tax Annual Amount: 2619
Tax Assessed Value: 59900
Tax Lot: 6080
Tax Total Finished SqFt: 2723
Tax Year: 2022
Total Actual Rent: 41700
Vacation Rental: no

Zoning Info

Area Info

Listing courtesy of Daryl Tillman Realty Group (610) 985-0224

© 2023 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 Daryl Tillman Realty Group. Data last updated on Saturday, September 23rd, 2023 10:37:34 AM.

Contact - Listing ID PABK2028996

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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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