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118 Church Street, Reading, PA 19601
$1,175,000
118 Church Street, Reading, PA 19601View this property at 118 Church Street, Reading, PA 19601
118 Church StreetReadingPA19601
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Property Description
Welcome to this remarkable property in the heart of Reading, PA. A property with character with the potential of increasing your portfolio and your cash flow. The location is key since it is accesible to public transportation, and close to colleges, entertainment centers, City Hall, banks, medical facilities, the courthouse, restaurants and others. The 13 units include 8 apartments with one bedroom, 4 apartments with 2 bedrooms and a large commercial space that can be utilized to start a business, with zoning approval. All units have their individual gas heaters, electric meters and water heaters. Tenants pay for their own heat, electric and hot water. The owner pays for water, sewer, trash and other owner expenses such as insurance, taxes, maintenance and pest control. On top of that it has a garage with 7 parking spaces. The current cap rate can be increased to 10.74% with the proposed rents. Take advantage of this great opportunity today!
Full Property Details
Full Property Details for 118 Church St
General
- Price: $1,175,000
- Taxes: $4,402 (2023)
- Status: Active
- Type: Apartment
- MLS ID: PABK2038948
- Updated: 3/9/2024
- Added to Site: 97 day(s) ago
Business
- Business Type: Apartment Building, Other
Parking
- Total Spaces: 7
- Parking Features: Private
- Parking Type: Private Garage
Location
- Area: Reading City (10201)
- Municipality: READING CITY
- County: Berks
- Development Name: Northwest Reading
- Subdivision: Northwest Reading
- Cross Streets: Washington
- Driving Directions: Via Penn Ave. Head southeast on US-422 E. Exit onto US-422 BU E/ Penn Ave towards Penn St/Reading. Continue straight onto Penn St. Turn left onto N 3rd St. Turn right at the 1st cross street onto Court St. Turn left onto Church St. Destination will be on the left.
- Location Details: Downtown
Heating & Cooling
- Cooling Type: None
- Heating Type: 90% Forced Air
- Heating Fuel: Natural Gas, Electric
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Brick, Stone
- Foundation: Stone, Concrete Perimeter
- Roof: Flat, Built-Up
- Stories/Levels: 4
- Year Built: 1900
- Year Built Source: Estimated
- Property Condition: Average
Unit Information
- # Tenants: Multiple
- Other Units: Unit 1, Unit 2, Unit 4, Unit 5, Unit 8, Unit 3, Unit 6, Unit 7, Unit 9, Unit 10, Unit 10, Unit 10, Unit 10
Unit 1
- Unit Description: Unit 1
Unit 2
- Unit Description: Unit 10
Unit 3
- Unit Description: Unit 10
Unit 4
- Unit Description: Unit 10
Unit 5
- Unit Description: Unit 10
Unit 6
- Unit Description: Unit 2
Unit 7
- Unit Description: Unit 3
Unit 8
- Unit Description: Unit 4
Unit 9
- Unit Description: Unit 5
Lot Features
- Lot Size (Acres): 0.14
- Lot Size (Sq. Ft.): 6,098
- Lot Size Source: Assessor
- Lot Dimensions: 0.00 x 0.00
- Zoning: CC
Financial Considerations
- Price Per Sq. Ft.: $192.69
- Operating Expenses: $24,580
- Assessment Year: 2023
- School Tax: $1,806
- City/TownTax: $1,826
- City/TownTax Freq: Annually
- County Tax: $771
- County Tax Freq: Annually
- Tax w/Assessment: $100,700
- Tax Amount: $4,402
- Tax Year: 2023
- Owner Pays: Insurance, Pest Control, Repairs, Sewer, Taxes - Real Estate, Trash Collection, Water, Snow Removal, Other
- Landlord Pays: Insurance, Pest Control, Repairs, Sewer, Taxes - Real Estate, Trash Collection, Water, Snow Removal, Other
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
- Ownership: Fee Simple
- Exclusions: Owner's and tenants personal property
- Inclusions: 12 refrigerators, 12 stoves
- Investment: Yes
- Lot Number: 965
Listed by Keller Williams Platinum Realty, Zylkia R Rivera
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Schools
Schools serving 118 Church St
School District:Reading School District
Rating | Name | Grades | Distance |
---|---|---|---|
251 N 2nd St, Reading, PA 19601 | K-5 | 0.4 mi | |
Southwest Middle School
300 Chestnut St, Reading, PA 19602 | 6-7 | 0.4 mi | |
801 N 13th St, Reading, PA 19604 | 10-12 | 1.1 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 118 Church St
Date
Details
Price
Change
Source
1/26/2024
Listed
$1,175,000
161.11%
MLS
10/10/2019
Sold
$450,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 118 Church St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$4,402
—
$100,700
—
2022
$4,402
—
$100,700
—
2021
$4,402
1%
$100,700
—
2020
$4,358
—
$100,700
—
2019
$4,358
—
$100,700
—
2018
$4,358
1%
$100,700
—
2017
$4,329
1%
$100,700
—
2016
$4,277
5%
$100,700
—
2015
$4,075
1%
$100,700
—
2014
$4,026
—
$100,700
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 118 Church St
118 Church Street, Reading, PA 19601 (MLS# PABK2038948) is a Apartment property. 118 Church Street is currently listed for $1,175,000 and was received on January 26, 2024. Want to learn more about 118 Church Street? Do you have questions about finding other Apartment real estate for sale in Reading? You can browse all Reading real estate or contact a Coldwell Banker agent to request more information.