Last Sold Price
1,558 sqft$35/sqft
1233 Spring St, Reading, PA 19604

Description

Northeast Reading 2 unit at the corner of Birch & Spring Street in need of work with an oversized 1 car detached garage currently rented for $50 a month. Unit 1 is on the main level and has 3 rooms, 1 private BR, Living, kitchen, tiled bath, Projected rent $600 a month. Unit 2 is on the 2nd & 3rd levels and has 4 rooms, 2 BRS, Living room, kitchen, tiled bath, Projected rent $750 a month. Property has an oil summer winter boiler paid for by the owner. 200 AMP main electric service with 3 - 100 AMP...Northeast Reading 2 unit at the corner of Birch & Spring Street in need of work with an oversized 1 car detached garage currently rented for $50 a month. Unit 1 is on the main level and has 3 rooms, 1 private BR, Living, kitchen, tiled bath, Projected rent $600 a month. Unit 2 is on the 2nd & 3rd levels and has 4 rooms, 2 BRS, Living room, kitchen, tiled bath, Projected rent $750 a month. Property has an oil summer winter boiler paid for by the owner. 200 AMP main electric service with 3 - 100 AMP individual breaker panels. Top roof is an asphalt shingle roof, rear roof is rubber. Total projected annual income: $16,800. Total expenses: $7,648. Net income: $9,152. Cap Rate: 15%. Expenses: w/s: $1,800. Owner's electric: $350. Heat: $3,200. Insurance: $800. Permits: $100. Taxes: $1,398. Both apartment units are currently vacant. The garage has a long term tenant. Excellent income producing property with enormous potential in a very convenient location near all the schools K-College. Being sold AS IS! Cash Sales ONLY.
LISTING CLOSED: 05/29/2020 12:00 AM

  1. Listed by Jose M Candelaria • RE/MAX Of Reading
    P: (610) 207-8066 jcandelaria@goberkscounty.com

Property Details for 1233 Spring Street

Status
MLS #
PABK357824
Days on Market
1
Taxes
$1,398 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Multi-Family / Fee Simple
Year Built
1920
Lot Size
0.03 AC / 1,307 SF
Tax ID Number
13-5317-46-15-8799
Ownership
Fee Simple
HOA
No
Structure Type
End of Row/Townhouse
Style
Traditional
Waterfront
No
Garage
Yes
Subdivision
NONE AVAILABLE
Subdivision
NONE AVAILABLE (BERKS PA)
Cross Street
Birch
Municipality
READING CITY
Total Parking Spaces
1
Central Air
No
Basement
Yes
Room Count
7
Above Grade Finished SQFT
1,558.00
Above Grade Fin SQFT Source
Assessor
Below Grade Finished SQFT
.00
Below Grade Fin SQFT Source
Assessor
Below Grade Unfinished SQFT
.00
Below Grade Unfin SQFT Source
Assessor
Total Below Grade SQFT
.00
Total Below Grade SQFT Source
Assessor
New Construction
No
Building Winterized Y/N
No
Property Condition
Below Average

Location

Listing Courtesy of RE/MAX Of Reading

Sold By RE/MAX Of Reading

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Building Information for 1233 Spring Street

Stories-Residences2Year Built1920Building Size-Lot Size0.03 AC / 1,307 SF

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Property Information for 1233 Spring Street

Location
Location
  • School District Name: READING
  • School District County ID: 300200397169
  • SchoolDistrictSource: Listing Agent
  • County: BERKS
  • MLS Area: Reading City (10201)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2019
  • Tax Assessed Value: $32,300
  • Year Assessed: 2020
  • County Tax: $247
  • Improvement Assessed Value: $22,700
  • City Town Tax: $571
  • Land Assessed Value: $9,600
  • Clean Green Assessed: No
  • Municipal Trash: Yes
  • Land Use Code: 133R
  • Agricultural Tax Due: No
  • Historic: No
  • Zoning: R3
  • Tax Lot: 8799
  • School Tax: $579
  • Automatically Update Tax Values Y/N: Yes
Lease Information
Lease Information
  • Owner Pays: Heat, Insurance, Management, Sewer, Sewer Maintenance, Snow Removal, Taxes - Real Estate, Trash Collection, Water
  • Concessions: No
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 1
  • Two Bedroom Units Count: 1
  • Three Bedroom Units Count: 0
  • Other Units: Unit 1,Unit 2
  • Units Leased Count: 0
  • Number Of Units Vacant: 2
  • Number Of Units Month To Month: 0
  • Rent Control: No
Financial Information
Expenses
  • Operating Expense Includes: Insurance, Trash
Financial Information
  • Gross Scheduled Income: $16,800
  • Net Operating Income: $9,152
  • Annual Rental Income: $16,800
  • Income Includes: Apartment Rentals
  • Cap Rate: 15.00
  • Existing Lease Type: None
Building Info
Building Info
  • Building Level Count: 4
  • Building Units Total: 2
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 0.00 x 0.00
  • Lot Dimensions Source: Assessor
  • Location Type: Corner Lot/Unit
  • Parcel ID: 1452850
  • Ground Rent Exists: No
Parking
Parking
  • Type Of Parking: Detached Garage, On Street
  • Num of Detached Garage Spaces: 1
  • Total Garage Spaces: 1
  • Garage Features: Garage - Side Entry
Interior Features
Interior Features
  • Interior Features: Carpet, Ceiling Fan(s)
  • Fireplace: No
  • Fireplaces Count: 0
  • Appliances: Oven/Range - Electric
  • Accessibility Features: None
  • Window Features: Double Pane, Screens, Replacement
Exterior Features
Exterior Features
  • Spa: No
  • Exterior Features: Exterior Lighting, Sidewalks, Street Lights
  • Pool: No Pool
Utilities
Utilities
  • Utilities: Cable TV Available, Electric Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
  • Heating: Yes
  • Cooling Type: None
  • Cooling Fuel: None
  • Heating Type: Hot Water
  • Heating Fuel: Oil
  • Hot Water: S/W Changeover
  • Water Source: Public
  • Sewer Septic: Public Sewer
  • Electric Service: 200+ Amp Service, Circuit Breakers

Property History for 1233 Spring Street

DateEvent & SourcePriceAppreciation
May 29, 2020

Closed (Public Record)

Public Record #672411726

$55,000

-0.9% / yr

May 29, 2020

Closed

BRIGHT #PABK357824

$55,000
May 21, 2020

Pending

BRIGHT #PABK357824

DateEvent & SourcePrice
05/29/2020

Closed (Public Record)

Public Record #672411726

$55,000

-0.9% / yr

05/29/2020

Closed

BRIGHT #PABK357824

$55,000
05/21/2020

Pending

BRIGHT #PABK357824

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1233 Spring Street

Taxable ValueLand$9,600Additions$22,700Total$32,300
Tax Record2026$912 ($76 / month)
Home Facts
Baths2Total Finished SqFt1,558 SqFtAbove Grade Finished SqFt1,558 SqFtStories2Lot Size1,307 SqFtStyleMulti-Family Dwelling (2-4)Year Built1920CountyBERKSAPN13531746158799

Schools near 1233 Spring Street

This home is within Reading School District.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - 5 to 8
Public - 9 to 12
Private - 1 to 12
Rating
School
Distance
Thirteenth & Union El School
PublicPK to 4

Northeast Middle School
Public5 to 8

Reading Senior High School
Public9 to 12

Chor Day Academy
Private1 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of RE/MAX Of Reading

Based on information from one of the following Multiple Listing Services: BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.