Reading, PA 19601,1240 N 6TH ST

$120,000

$133,000

9.8%
Est.Price: ?

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Est. payment /mo

2,910 SqFt


SOLD DATE : 01/29/2016

Key Details

Sold Price $120,000

Property Type Multi-Family

Sub Type Detached

Listing Status Sold

Purchase Type For Sale

Square Footage 2,910 sqft

Price per Sqft $41

Subdivision None Available

MLS Listing ID 1002635046

Sold Date 01/29/16

Style Other

HOA Y/N N

Abv Grd Liv Area 2,910

Originating Board TREND

Year Built 1920

Annual Tax Amount $2,817

Tax Year 2015

Lot Size 2,614 Sqft

Acres 0.06

Lot Dimensions 0X0

Property Description

Includes 4 garages which are rented for approx 170/month for three(included in Gross Annual Income) and the fourth is included in the rent. Current rent roll is substantially higher than past years due to upgrades. Tenants pay hot water and electric. Building has been upgraded approximately 35,000 during the past three years, including new roof and roof deck (4,000) windows (5,000), new efficient gas heating system (9,000), plus zoned heating, radiator controls and hidden thermostat and heating sensor behind wall to eliminate tampering (1,200) Attic insulation (2,300)for heat savings. Basement can possibly be rented as a store or office as it was in the past, for additional rental income. In addition, there is a washer/ dryer hookup in basement for possible coin laundry machines for tenants' convenience and additional income. Plenty of street parking as building is at the corner of 6th and Perry.

Location

State PA

County Berks

Area Reading City (10201)

Zoning RES

Rooms

Other Rooms Primary Bedroom

Basement Full

Interior

Hot Water Electric

Heating Gas, Hot Water, Zoned

Cooling None

Fireplace N

Heat Source Natural Gas

Laundry Hookup

Exterior

Garage Spaces 8.0

Water Access N

Accessibility None

Total Parking Spaces 8

Garage N

Building

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade

New Construction N

Schools

High Schools Reading Senior

School District Reading

Others

Tax ID 14-5307-43-87-3239

Ownership Fee Simple

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Bright MLS (BMLS)
Listed by Donald L Kesselman • Long & Foster Real Estate, Inc.
Bought with Ronald A Samsel • Coldwell Banker Realty
Nina Bavosa

Agent | License ID: 2080701

+1(908) 510-9094 | nina@ninasellsnj.com

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