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116 Lafayette Street, Reading, PA 19605

$179,900

  • For Sale
  • Active
  • Duplex
  • Updated 3 days ago
116 Lafayette Street, Reading, PA 19605View this property at 116 Lafayette Street, Reading, PA 19605
116 Lafayette StreetReadingPA19605

Property Description

Very large and grand colonial 2.5 story single building on a large quarter acre lot formerly known as the Unicorn Restaurant & currently used as a 2 unit residential building with rented space for as storage only. Large foyer entrance with the former main dining room to the left. Unit 1 is on the first floor right has a 4 year tenant paying $800/Month on a M/M lease & features a large studio unit with a large modern kitchen & large bath with it's own laundry. Unit 2 is the former owner's unit & is located on the 2nd & 3rd floors and is currently vacant but was rented for $1,100/Month & features 3 BRS on the 2nd floor with a full kitchen & access to a large composite floored deck with PVC railings & stairs to the side yard. 3rd floor could
be a fabulous 4th BR or a large living room complete with a two sided gas fireplace. There's a large addition to the left side of the building with it's own entrance which was the former kitchen & is currently being rented as storage to a neighbor at $100/Month. Current updates include a newer high efficiency tankless gas boiler. 1 Gas hot water heater. New shingle roof in 2014, 2-2 AMP electrical services with breaker panels. Double pane replacement windows. 2 Central A/C units in the basement are not functioning and serviced the 1st floor only. This is a commercial building in a residential neighborhood close to all major roads, shopping & schools and is a lot of property for the money! Many possible uses with room to add more units but you must check with Muhlenberg Twp Zoning office for approval. Total Monthly rent is $2,000. Cap Rate 8%.

Full Property Detailsfor 116 Lafayette Street

General

  • Price: $179,900
  • Taxes: $3,967 (2018)
  • Status: Active
  • Type: Duplex
  • MLS ID: 1004175647
  • Updated: 4/16/2018
  • Added: 154 day(s) ago

Property History

  • 116 Lafayette Street, Reading, PA
  • Reduced to $179,900 on 3/21/18
  • Reduced to $189,900 on 2/14/18
  • Listed at $199,900 on 11/16/17

Business

  • Includes: Land Only

Interior

  • Flooring: Fully Carpeted, Vinyl

Rooms

Bedrooms

  • Master Bedroom: Unspecified

Other Rooms

  • Laundry: Washer In Unit, Dryer In Unit, Common

Exterior

  • Exterior Features: Sidewalks, Street Lights

Location

  • Area: Muhlenberg Twp (10266)
  • County: Berks
  • Development Name: Hyde Park
  • Subdivision: Hyde Park
  • Cross Streets: Kutztown
  • Driving Directions: North on 5th, right on Mdison, L on Pennsylvania, right on Lafayette.

School Information

  • School District: Muhlenberg
  • High School: Muhlenberg

Heating & Cooling

  • Cooling Type: Wall Unit
  • Heating Type: Gas, Hot Water, Radiator
  • Heating Fuel: Natural Gas
  • Water Heater: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Water/Sewer: 1700
  • Utility Description: Cable TV Available

Structural Information

  • Architectural Info: Converted Dwelling
  • Structure Type: Detached
  • Construction: Aluminum Siding, Stucco
  • Basement: Yes
  • Basement Desc.: Full, Unfinished
  • Roof: Pitched, Metal
  • Storage: Basement
  • Windows: Replacement
  • Entry Location: Foyer
  • Year Built: 1920
  • Year Built Source: Estimated
  • Property Condition: Average+Prop

Unit Information

  • Other Units: Unit 1, Unit 2

Unit 1

  • Unit Description: Unit 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 2

  • Unit Description: Unit 2
  • Total Bathrooms: 1
  • Bedrooms: 4

Lot Features

  • Lot Size (Acres): 0.24
  • Lot Size (Sq. Ft.): 10,454
  • Lot Dimensions: IRREG
  • Zoning: C1

Financial Considerations

  • Price Per Sq. Ft.: $58.03
  • Annual Heat Cost: $1,500
  • Tax w/Assessment: $95,100
  • Tax Amount: $3,967
  • Tax Year: 2018

Disclosures and Reports

  • Ownership: Fee Simple
  • Exclusions: Washer In Unit 1 Is Tenants & Butcher Block In Unit 1
  • Inclusions: 2 R/O'S, 2 Ref's., 1 Washer, 2 Dryers, A.C Units
  • Lot: 9045

Listed by RE/MAX Of Reading, Jose M Candelaria

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Schools

Schoolsserving 116 Lafayette Street

School District:Muhlenberg School District
School Name
Grades
Distance
Ce. Cole Intermediate School
3630 Kutztown Road, Laureldale, PA 19605
5-6
1.1 mi
Muhlenberg Elementary Center
610 Sharp Ave, Laureldale, PA 19605
K-4
1.3 mi
Muhlenberg Middle School
801 E Bellevue Ave, Laureldale, PA 19605
7-9
0.9 mi
Muhlenberg High School
400 Sharp Ave, Laureldale, PA 19605
10-12
1.3 mi
Disclaimer: School data provided by Pitney Bowes. School attendance boundaries are for reference only. Contact the school directly to verify enrollment eligibility.

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Community Info

Community Infofor 116 Lafayette Street

Listed by RE/MAX Of Reading, Jose M Candelaria

116 Lafayette Street, Reading, PA 19605 (MLS# 1004175647) is a Duplex property with 0 bedrooms and 0 full bathrooms. 116 Lafayette Street is currently listed for $179,900 and was received on November 16, 2017. Want to learn more about 116 Lafayette Street? Do you have questions about finding other Duplex real estate for sale in Reading? You can browse all Reading real estate or contact a Coldwell Banker agent to request more information.