414 Walnut Street

Reading, PA
$ 135,000 Beds 4 Baths 0
Monthly Estimate* How much can I afford?

Nice, spacious Colonial brick 3 Unit on the edge of the Callowhill Historic District and perfectly situated in a downtown location with all that downtown Reading has to offer and with quick access to major roads, shopping, schools and hospitals! Unit 1 is located on the 1st floor front and has 3 rooms, 1 BR, living room, kitchen, bath, basement access, hardwood floor, has a 1 car parking space for an additional $40 a month, all electric, electric cooking, electric baseboard heat all paid for by the tenant, rented for $550 a month by a family friend for 1 year since 9/02/20, very nice apartment. Unit 2 is located on the 2nd floor and has 5 rooms, 3 private BRS, living room, kitchen, bath, covered rear balcony, ceramic tiled bath & kitchen, electric cooking and baseboard heat all paid for by the tenant, currently vacant but was previously rented for $800 a month. The owner may rent this unit while in the process of being sold. Unit 3 is located in the first floor rear and is an efficiency unit with 2 rooms, BR/Living room, bath, there is no real kitchen, tenant has a small fridge and an electric hotplate used for cooking, the flooring is ceramic tile, electric baseboard heat, owner pays first $70 of the monthly electric bill - tenant pays the rest, rented for $400 a month on a year to year basis since 11/1/20. There is off street parking for 2 plus cars. All brick exterior with metal roofs. 200 AMP electric. Replacement windows. Owner pays for the electric hot water. Only one 40 gallon water heater for the 3 units. Owners also pays for WSTR. Total Income: $22,080. Total expenses: $6,720. NOI: $15,360. CAP Rate: 11%. Expenses breakdown: WSTR: $3,900. Owner's Electric: $840. Insurance: $700. Taxes: $1,180. Permits: $100. Parking income is included in the total income. The building is in overall good condition! Excellent investment opportunity with room to increase the rents, income and CAP Rate and a must for your investment portfolio!

Pending

  • Price
  • $ 135,000
  • Lot Size
  • 1,742 SqFt
  • Bedrooms
  • 4
  • Full Bathrooms
  • 0
  • Year Built
  • 1900
  • Half Bathrooms
  • 0
  • City, Zip
  • Reading
  • Taxes
  • $ 1180
  • County
  • BERKS
  • Style
  • Colonial
  • Area
  • Reading City
  • MLS#
  • PABK378630
  • Zip
  • 19601
Listing Provided by: RE/MAX Of Reading
Data Source: Bright MLS

Features

General

Acceptable Financing Cash, Conventional
Accessibility 2+ Access Exits
Appliances Oven/Range - Electric, Refrigerator
Architectural Style Colonial
Basement Full, Dirt Floor, Interior Access, Unfinished
Construction Materials Brick
Cool Fuel None
Cooling None
County BERKS
Days on Market 10
Electric 200+ Amp Service, Circuit Breakers
Exterior Features Exterior Lighting, Sidewalks, Street Lights
Flooring Hardwood, Ceramic Tile
Garage Y/N No
Heating Baseboard - Electric
High School District READING
Historic Y/N No
MLS Area Reading City (10201)
Municipality READING CITY
New Construction No
Numberofunitsvacant 1
One Bedroom Units Count 1
Other Structures Above Grade, Below Grade
Other Units Unit 1, Unit 2, Unit 3
Ownership Fee Simple
Parking Features Paved Parking
Patio/Porch Features Patio(s), Balcony, Roof
Possession Subject to Existing Lease
Price Per Sq Ft 85.66
Property SubType Triplex
Property Type Multi-Family
PropertyCondition Good
Rent Control Y/N No
Roof Metal
Sewer Public Sewer
Single Room Units Count 1
Structure Type Interior Row/Townhouse
Subdivision Name NORTHWEST READING
Tax Annual Amount 1180.0
Tax Lot 4286
Tax Year 2020
Total Rooms 9
Total Units 3
Utilities Above Ground, Electric Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Vacation Rental Y/N No
Water Access Y/N No
Zoning R3

Interior Features

Basement Y/N Yes
Central Air Y/N No
Fireplace Y/N No
Furnished Units None
Heating Fuel Electric
Heating Y/N Yes
Hot Water Electric
Living Area 1576
Three Bedroom Units Count 1
Window Features Replacement

Exterior Features

Foundation Details Stone
Inclusions 2 Range/Ovens, 2 Refrigerators
Lot Dimensions 0.00 x 0.00
Lot Size Acres 0.04
Lot Size Source Assessor
Lot Size Square Feet 1742.00
Navigable Water Y/N No
Off Street - # Of Spaces 2
Pool Y/N No Pool
Spa No
Total Parking Spaces 2
Type of Parking Off Street
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

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

Affordability Calculator

$2,869

Per Month

Based on the average sale price from the Forked River, NJ office

  • Monthly Principal & interest $1,740
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Default based on a 30-year fixed rate of 3.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

6/3/2021 Listed $135,000

Property vs Zip Code Average in 19601

Price
AVG $200K
$140K
Taxes
AVG $3,030
$1,180
Year Built
AVG 1916
1900

Map

414 Walnut Street Reading, PA is a Single Family Home for sale at $135000 and a lot size of 1,742 SqFt Acre(s). 414 Walnut Street Reading has 4 bedrooms, 0 baths and was built in 1900. The property's zip code is 19601 which is in Reading, PA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 3.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.