Address
800 N 5Th Street, Reading, PA
Price
$ 575,000
Property Attributes
- MLS#PABK2042566
- TypeMulti-Family
- CountyBERKS
- CityReading
- AreaReading City
- NeighborhoodCentre Park Histor
- Zip19601
- StyleColonial
- Year Built1900
- Taxes$ 6321
- Price$ 575,000
- Bedrooms6
- Full Bathrooms0
- Half Bathrooms0
- Lot Size0.16 Acres
Data Source:
Bright MLS
Property Description
Incredible turnkey investment opportunity in the Centre Park Historic District! This fully rented and restored 5-unit apartment building gives an instant return! Walking up to the building a covered front porch leads to a foyer with mailboxes. From there, youll find the main lobby with a large sitting area, two utility closets, and a half bathroom. The foyer and lobby have been renovated. New carpet and new light fixtures have been installed and the original millwork adds charm. The basement has ample storage space, 2 sets of coin-operated washers and dryers are available for the tenants convenience. The garage roof and eaves were restored in 2017. The exterior brick and trim were also restored in 2017. All units have separate electric meters that were installed in 2018. A new roof was added in 2019. Starting on the first floor: Apartment (1) Private side entrance, 2-bedroom, 1-bath with its own separate high-efficiency HVAC system including central air. Apartment (5) Private corner entrance to a modern studio. Second floor: Apartment (2) Updated 1 bedroom, 1 bath, Apartment (4) - bedroom, 1-bath with updated flooring and toilet. Third Floor: Apartment (3) 3-bedroom, 1-bath. A large 2-car tandem side entry garage with a 1-car driveway, which is currently rented out. This building has been well maintained and is ready for it's new caretaker.
| Price History | |
|---|---|
| 4/29/2024 | Listed $575,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Radiator,Steam |
| Cooling | Central A/C,Window Unit(s) |
| Utilities | Natural Gas Available |
| Possession | Immediate,Subject to Existing Lease |
| Roof | Rubber |
| Zoning | COMMERCIAL |
| Garage Spaces | 2.00 |
| Architectural Style | Colonial |
| Security Features | Main Entrance Lock |
| Construction Materials | Brick |
| Exclusions | Tenants personal property |
| Year Built | 1900 |
| Electric | 200+ Amp Service |
| Property SubType | Other |
| Tax Year | 2023 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Electric |
| OwnerPays | Water |
| Accessibility | None |
| County | BERKS |
| Operating Expense | 1580.00 |
| Insurance Expense | 5040.00 |
| New Construction | No |
| Property Type | Multi-Family |
| Subdivision Name | CENTRE PARK HISTOR |
| Garage Y/N | Yes |
| Water Access Y/N | No |
| Other Structures | Above Grade,Below Grade |
| Status | ACTIVE |
| Directions | Heading north on N 5th St toward Douglass St,the property will be on your left right after Douglass St. |
| ModificationTimestamp | 2024-05-18T03:28:02 |
| City | READING |
| Buyer Agent Compensation | 2.5 |
| Disclosures | Prop Disclosure |
| Total Units | 4 |
| MLS Area | Reading City (10201) |
| Lot Size Square Feet | 6969.00 |
| Tax Assessed Value | 144600.0 |
| Waterfront Y/N | No |
| Number of Units Leased | 6 |
| Street Name | 5TH |
| Tax Annual Amount | 6321.0 |
| Home Warranty Y/N | No |
| Property Condition | Very Good |
| Two Bedroom | 2 |
| Structure Type | Detached |
| Single Room Units Count | 1 |
| One Bedroom Units Count | 2 |
| Other Units | Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6 |
| Acceptable Financing | Cash,Conventional |
| Avg. Gas Per Month | 162.5 |
| Rent Control Y/N | No |
| Vacation Rental Y/N | No |
| Days on Market | 18 |
| Location Type | Corner Lot/Unit |
| Lease Type | Month to Month,Yearly |
| Standard Status | Active |
| Year Built Source | Estimated |
| Tax Lot | 7760 |
| Total Actual Rent | 59800.00 |
| Buyer Agent Compensation Type | % Of Gross |
| Association Recreation Fee | No |
Interior Features
| Heating Fuel | Natural Gas |
|---|---|
| Basement | Full |
| Flooring | Partially Carpeted,Hardwood |
| Hot Water | Electric |
| Furnished Units | None |
| Basement (Y/N) | Yes |
| Heating Y/N | Yes |
| Window Features | Wood Frame |
| Fireplace Y/N | No |
| Street Suffix | STREET |
| Central Air Y/N | Yes |
| LivingAreaSource | Assessor |
Exterior Features
| Pool | No Pool |
|---|---|
| Parking Features | Asphalt Driveway |
| Water Source | Public |
| Inclusions | One refrigerator and one stove per dwelling unit. Two washers and two dryers in basement. As-is condition. |
| Total Parking Spaces | 3 |
| Garage Features | Garage - Side Entry |
| Type of Parking | On Street,Attached Garage,Driveway |
| Land Use Code | 4116 |
| Foundation Details | Permanent |
| Spa | No |
| Water View Y/N | No |
| Lot Dimensions | 0.00 x 0.00 |
| Lot Size Acres | 0.16 |
| Lot Size Units | Square Feet |
| Lot Size Source | Assessor |
| Land Assessed Value | 59500.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| # of Attached Garage Spaces | 2 |
| LotDimensionsSource | Assessor |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 19601
Price
Taxes
Visits
Year Built
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