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302 Penn Avenue, Reading, PA 19611
$296,000
302 Penn Avenue, Reading, PA 19611View this property at 302 Penn Avenue, Reading, PA 19611
302 Penn AvenueReadingPA19611
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Property Description
This is the opportunity you've been waiting for! This spacious 4 unit brick building is a Money-Maker, bringing in over $35,000 in rental income per year. The property has a long-term history of renting very quickly and easily. This property is in a PRIME location within walking distance to the quaint shops and restaurants along West Reading's famous Penn Avenue. It is in desirable Wyomissing Area School District. Earn great income with Long-Term tenants that wish to stay. All 4 units are a nice size, each with separate electric. There are 2 one bedroom Apartments and 2 two bedroom apartments. The building was converted to Gas heat to save on heating costs and each unit has separate electric. 2 of the Units need some work but are occupied by solid, long-term tenants who wish to stay. There is a Private parking lot in the Rear for off-street parking for 4 cars. Schedule your showing today. Don't miss this one!
Full Property Details
Full Property Details for 302 Penn Ave
General
- Sold For: $296,000
- Taxes: $7,564 (2022)
- Status: Closed
- Type: Multi-Family
- MLS ID: PABK2004926
- Added to Site: 955 day(s) ago
Exterior
- Exterior Features: Sidewalks
- Porch/Patio/Deck: Porch(es)
Parking
- Total Spaces: 4
- Parking Features: Private
- Parking Type: On Street, Parking Lot
Location
- Area: West Reading Boro (10293)
- Municipality: WEST READING BORO
- County: Berks
- Cross Streets: 3Rd St
- Driving Directions: West on Penn Ave to West Reading, 2 blocks west of Penn St Bridge in West Reading, before 3rd St. Building is next door to Fonte's Salon.
School Information
- School District: Wyomissing Area
Heating & Cooling
- Cooling Type: None
- Heating Fuel: Oil
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Info: Other
- Architectural Style: Other
- Structure Type: Twin/Semi-Detached
- Construction: Brick
- Basement: Yes
- Basement Desc.: Full
- Foundation: Stone
- Stories/Levels: 0
- Square Feet: 2,864
- Sq. Ft. Source: Assessor
- Living Area: 2,864 Sq. Ft.
- Finished Above Grnd: 2,864 Sq. Ft.
- Year Built: 1890
- Year Built Source: Assessor
- Property Condition: Average
Unit Information
- Other Units: Unit 1, Unit 2, Unit 4, Unit 3
- 1 Bedroom Units: 2
- 2 Bedroom Units: 2
Unit 1
- Unit Description: Unit 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 2
- Unit Description: Unit 2
- Total Bathrooms: 1
- Bedrooms: 1
Unit 3
- Unit Description: Unit 3
- Total Bathrooms: 1
- Bedrooms: 2
Unit 4
- Unit Description: Unit 4
- Total Bathrooms: 1
- Bedrooms: 1
Lot Features
- Lot Size (Acres): 0.09
- Lot Size (Sq. Ft.): 3,920
- Lot Size Source: Assessor
- Lot Dimensions: 0.00 x 0.00
- Zoning: RESID
Financial Considerations
- Price Per Sq. Ft.: $101.22
- Operating Expenses: $6,600
- Assessment Year: 2022
- School Tax: $4,833
- City/TownTax: $1,616
- City/TownTax Freq: Annually
- County Tax: $1,115
- County Tax Freq: Annually
- Tax w/Assessment: $145,600
- Tax Amount: $7,564
- Tax Year: 2022
- Terms: Standard Sale
- Owner Pays: Heat, Advertising/Licenses and Permits, Sewer, Trash Collection, Water, Taxes - Real Estate
- Landlord Pays: Heat, Advertising/Licenses and Permits, Sewer, Trash Collection, Water, Taxes - Real Estate
- Tax Total Finished Sq. Ft.: 2864
Disclosures and Reports
- Buyer’s Brokerage Compensation: 3%
- Ownership: Fee Simple
- Exclusions: Tenants' Personalty
- Inclusions: 4 Ranges, 4 Refrigerators in as is condition
- Lot Number: 3956
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Schools
Schools serving 302 Penn Ave
School District:Wyomissing Area School District
Rating | Name | Grades | Distance |
---|---|---|---|
421 Chestnut St, West Reading, PA 19611 | 5-6 | 0.2 mi | |
110 Woodland Rd, Wyomissing, PA 19610 | K-4 | 1.8 mi | |
630 Evans Ave, Wyomissing, PA 19610 | 7-12 | 1.6 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 302 Penn Ave
Date
Details
Price
Change
Source
11/29/2021
Sold
$296,000
2.1%
MLS
9/27/2021
Listed
$289,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
302 Penn Avenue, Reading, PA 19611 (MLS# PABK2004926) is a Multi-Family property that was sold at $296,000 on November 29, 2021. Want to learn more about 302 Penn Avenue? Do you have questions about finding other Multi-Family real estate for sale in Reading? You can browse all Reading real estate or contact a Coldwell Banker agent to request more information.