Sold
Last Sold Price
2,612 sqft$101/sqft
1235 Spring St, Reading, PA 19604
Multi FamilyProperty Type
1,306 sq ftLot Size
1890Year Built
$101/sq ftPrice per sq ft

Description

Excellent opportunity to own an investment property. Large 3 unit plus rented garage that is very close to 13th St. The interior has had a lot of recent refreshing with new paint and some new carpet. Two of the units are vacant so you can choose your own tenants. Basement apartment and garage are rented. Gas heat and gas hot water. Very reasonable taxes.Excellent opportunity to own an investment property. Large 3 unit plus rented garage that is very close to 13th St. The interior has had a lot of recent refreshing with new paint and some new carpet. Two of the units are vacant so you can choose your own tenants. Basement apartment and garage are rented. Gas heat and gas hot water. Very reasonable taxes.
  • Listed by: David M Mattes 610.670.2770 dmattes@goberkscounty.com • RE/MAX Of Reading
Listing closed: 07/09/2024 12:00 AM • Source: BRIGHT, MLS#: PABK2042904

Location

Listing Courtesy of RE/MAX Of Reading

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Property Information for 1235 Spring Street

Property Details
  • Taxes: $2,269 / year
  • MLS Type: Multi-Family / Fee Simple
  • County: Berks County
  • Tax ID Number: 13-5317-46-15-9758
  • Ownership: Fee Simple
  • Structure Type: End of Row/Townhouse
  • Style: Traditional
  • Waterfront: No
  • Garage: No
  • Cross Street: Birch Street
  • Municipality: READING CITY
  • Central Air: No
  • Basement: Yes
  • Above Grade Finished SQFT: 2,162.00
  • Above Grade Fin SQFT Source: Assessor
  • Below Grade Finished SQFT: 450.00
  • Below Grade Fin SQFT Source: Estimated
  • Below Grade Unfinished SQFT: .00
  • Below Grade Unfin SQFT Source: Assessor
  • Total Below Grade SQFT: 450.00
  • Total Below Grade SQFT Source: Estimated
  • New Construction: No
  • Property Condition: Average, Good
Building Information
  • Residences: 3
  • Year Built: 1890
  • Lot Size: 0.03 AC / 1,306 SF
Location
Location
  • School District Name: READING
  • School District County ID: 300200397169
  • SchoolDistrictSource: Listing Agent
  • High School: READING SENIOR (BERKS PA)
  • HighSchoolSource: 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: 2023
  • Tax Assessed Value: $51,900
  • Year Assessed: 2023
  • County Tax: $397
  • Improvement Assessed Value: $38,100
  • City Town Tax: $941
  • Land Assessed Value: $13,800
  • Municipal Trash: Yes
  • Land Use Code: 138R
  • Zoning: 138 R
  • Tax Lot: 9758
  • School Tax: $931
  • School Tax Payment Frequency: Annually
  • Automatically Update Tax Values Y/N: Yes
Lease Information
Lease Information
  • Owner Pays: Heat, Gas, Insurance, Repairs, Sewer Maintenance, Snow Removal, Sewer, Taxes - Real Estate, Trash Collection, Water, Pest Control
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 1
  • Two Bedroom Units Count: 1
  • Three Bedroom Units Count: 1
  • Units Furnished: None
  • Units Leased Count: 1
  • Number Of Units Vacant: 2
  • Number Of Units Month To Month: 0
  • Rent Control: No
Financial Information
Expenses
  • Operating Expense: $5,871
  • Operating Expense Includes: Insurance, Trash
  • Insurance Expense: $867
Financial Information
  • Gross Income: $34,500
  • Gross Scheduled Income: $34,500
  • Net Operating Income: $5,871
  • Annual Rental Income: $34,500
  • Income Includes: Apartment Rentals, Other
  • Cap Rate: 11.00
  • Existing Lease Type: Yearly
Building Info
Building Info
  • Building Units Total: 3
  • Total Finished SQFT: 2,612.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Location Type: Urban
  • Parcel ID: 1452887
Parking
Parking
  • Type Of Parking: On Street
Interior Features
Interior Features
  • Fireplace: No
  • Appliances: Oven/Range - Electric, Refrigerator
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Exterior Features: Sidewalks
  • Outdoor Living Structures: Porch(es), Deck(s)
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Utilities: Cable TV Available
  • Heating: Yes
  • Cooling Type: Wall Unit
  • Cooling Fuel: Electric
  • Heating Type: Hot Water
  • Heating Fuel: Natural Gas
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer
  • Electric Service: 100 Amp Service, Fuses
Confidential Data
Listing Office
  • List Agent AOR: Reading-Berks Association of REALTORS

Property History for 1235 Spring Street

DateEvent & SourcePriceAppreciation
Jul 9, 2024

Closed

BRIGHT #PABK2042904

$265,000
Jul 1, 2024

Closed (Public Record)

Public Record #1536195337

$265,000

+12.0% / yr

May 19, 2024

Pending

BRIGHT #PABK2042904

DateEvent & SourcePrice
07/09/2024

Closed

BRIGHT #PABK2042904

$265,000
07/01/2024

Closed (Public Record)

Public Record #1536195337

$265,000

+12.0% / yr

05/19/2024

Pending

BRIGHT #PABK2042904

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

Public Records for 1235 Spring Street

Taxable ValueLand$13,800Additions$38,100Total$51,900
Tax Record2026$1,465 ($122 / month)
Home Facts
Baths3Total Finished SqFt2,162 SqFtAbove Grade Finished SqFt2,162 SqFtStories3Lot Size1,307 SqFtStyleMulti-Family Dwelling (2-4)Year Built1890CountyBERKSAPN13531746159758

Schools near 1235 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.