$258,000
$280,000
7.9%For more information regarding the value of a property, please contact us for a free consultation.
2,128 SqFt
SOLD DATE : 12/28/2021
Key Details
Sold Price $258,000
Property Type Single Family Home
Sub Type Twin/Semi-Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,128 sqft
Price per Sqft $121
MLS Listing ID PABK2006400
Sold Date 12/28/21
Style Victorian
Abv Grd Liv Area 2,128
Originating Board BRIGHT
Year Built 1925
Annual Tax Amount $3,451
Tax Year 2021
Lot Size 3,049 Sqft
Acres 0.07
Property Description
Wyomissing Borough very large Victorian semi-detached brick 3 unit fully rented and in overall good condition. Some longterm tenants. Paved off-street parking for 3 cars. Oil S/W winter heat and hot water paid for by the owner. tenants pay for their electric. Owner pays for W/S/T/R. Covered front porch and rear 2nd level deck. Laundry hookup in basement. Attached storage in the rear of the building. 200 AMP electric with 4 - 100 AMP breaker panels. Unit 1 - 1st floor has 4 rooms, 2 private BRS, liv, kit, bath, electric cooking, tenant pays electric, $895 a month by a 20 plus year tenant. Unit 2 - 2nd floor has 4 rooms, 2 private BRS, liv, kit, bath, electric cooking, rear deck, parking space, rented for $975 a month by a 1 year tenant on a M/M basis. Unit 3 - 3rd floor is an efficiency, 2 rooms, electric cooking, electric baseboard in the bathroom, rented for $675 a month by a 8 month tenant on a one year lease. Annual income: $30,540. Total expenses: $8,000. NOI: $22,540. Cap rate: 8%. Expenses breakdown: Taxes: $3451. Insurance: $628. Oil: $1470. Owner's Electric: $413. W/S/T/R: $1938. Excellent investment opportunity in the very popular Wyomissing School District and just a short walk to West Reading Strip with restaurants, shopping and offering a multitude of events and activities and near major roads, schools and the hospital. A must for your investment portfolio. Being sold AS IS!
Location
State PA
County Berks
Area Wyomissing Boro (10296)
Zoning RES
Rooms
Basement Full, Interior Access, Outside Entrance, Rear Entrance
Interior
Interior Features Ceiling Fan(s), Carpet
Hot Water Oil, S/W Changeover
Heating Radiator
Cooling Window Unit(s)
Flooring Wood, Fully Carpeted, Vinyl, Tile/Brick
Equipment Oven/Range - Electric, Refrigerator
Fireplace N
Window Features Double Pane,Replacement
Appliance Oven/Range - Electric, Refrigerator
Heat Source Oil
Exterior
Exterior Feature Deck(s), Patio(s), Porch(es)
Garage Spaces 3.0
Utilities Available Above Ground
Waterfront N
Water Access N
Roof Type Pitched,Rubber
Accessibility 2+ Access Exits
Porch Deck(s), Patio(s), Porch(es)
Parking Type Off Street
Total Parking Spaces 3
Garage N
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Architectural Style Victorian
Additional Building Above Grade
New Construction N
Schools
High Schools Wyomissing Area Junior-Senior
School District Wyomissing Area
Others
Tax ID 96-4397-20-90-3256
Ownership Fee Simple
SqFt Source Estimated
Security Features Carbon Monoxide Detector(s),Smoke Detector
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Jose M Candelaria • RE/MAX Of Reading
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "