929 N 3rd St

Reading PA 19601

2272 sq. ft.

2178 sq. ft.

Duplex

Last sold for $130,000

Jose Candelaria, last sold this property on 21 June 2019 after -719 days on market.

Overview

Very large semi-detached 3 unit in overall good condition and located in a prime Centre Park Historic District location behind St Margaret's Church with tenant paid heat. Unit 1 - 1st floor has 5 rooms, 3 BRS, gas radiant heaters, electric cooking & hot water, hardwood floors, projected rent $775/month. Currently vacant. Unit 2 - 2nd & 3rd floor front has 4 rooms, 2 BRS, electric cooking, hot water and electric baseboard heat, rented for $750/month by a 3 year tenant on a M/M basis. Unit 3 - 2nd floor rear is an efficiency unit, electric baseboard heat, hot water and cooking, rented for $500/month b a 1.5 year tenant. 3 Weil McLain gas boilers in basement are not being used. 200 AMP electric with 4 100 AMP breaker panels. Groos income: $24,300. Total Expenses: $5,655. Water/Sewer: 2265. Trash: $646. Electric: $242. Insurance: $472. Taxes: $1,930. Permits: $100. Net Operating Income: $18,645. Cap Rate: 13%. Solid income producing building in a prime location that is a must for your investment portfolio! Being Sold AS IS!

Features

2 bedrooms

2272 sq. ft. floor area

2178 sq. ft. lot size

Duplex

Estimated Value

We need at least 3 similar 2 bedroom duplexes sold in Reading over the last 12 months.

Property history for 929 N 3rd St

2019

Sold

$130,000

21 Jun 2019 by Jose Candelaria, of RE/MAX Of Reading

2016

Sold

$38,100

05 Feb 2016 by Glen Russell

Happy sellers in Reading

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