318 Pine Street

    READING, PA 19602
    • $69,900
    • STATUS: Active
    • ON SITE: 60 days
    • ID#: 1009914284
    UPDATED: 63 min ago
    $69,900
    • 6
      BEDS
    • 0.03
      ACRES
    • 1
      BATHS
    • 0
      1/2 BATHS
    • 1,897
      SQFT
    • $37
      $/SQFT
    Neighborhood:
    Type:
    Villa/Townhouse
    Built:
    1900
    County:

    School Information

    High School:
    School District:

    Description

    Don't miss out on this opportunity! Investors Welcome! 5 bedroom 2 full bathroom home! Walking into this home you will notice the smell of fresh paint, hardwood and tile floors. Walking up the stairs onto the front porch and into the home the first thing you will see is the spacious living room that is open to the formal dining room. Beyond the dining room is the first floor full bath and the kitchen. Continuing up the staircase onto the second floor has 3 full private bedrooms and another full bathroom. Two more nicely sized bedrooms are on the third floor. Additionally, there is a large unfinished basement that would be great for storage! Another plus of this home is a carport for the off-street parking in the back. This home current has oil heat but seller is willing to convert to a gas heating system. This is a must see!!! Please also note the seller is willing to sell 318 Pine St (6 Bed 1 Bath), 320 Pine St ( 5 Bed 2 Bath) and 340 Pine St (6 Bed 2 Bath) all single family homes. Buy 2 homes and get the 3rd home at half price. All three homes for ($175,000) homes rent for $1,000 per month each, $36,000/year rental income, Landlord only pays taxes ($805, $1259, $1575= $3639) and home owners insurance ($1,950) Net income of $30,411/year. Tenants pay all utilities. 17% Cap Rate ? WOW!!!

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    ©2018 Bright MLS, All Rights Reserved. IDX information is provided exclusively 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. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2018-12-11T16:04:23.027.
    www.paulacashion.com/homes/88412882

    318 Pine Street READING, PA 19602

    • Price: $69,900
    • Status: Active
    • Updated: 63 min ago
    • ID#: 1009914284
    6
    Beds
    1
    Baths
    0
    ½ Baths
    0.03
    Acres
    1,897
    SQFT
    $37
    $/SQFT
    1900
    Built
    Neighborhood:
    None Available
    County:
    Berks
    Area:
    Reading City (10201)
    High School:
    Reading Senior
    School District:
    Reading
    Property Description
    Don't miss out on this opportunity! Investors Welcome! 5 bedroom 2 full bathroom home! Walking into this home you will notice the smell of fresh paint, hardwood and tile floors. Walking up the stairs onto the front porch and into the home the first thing you will see is the spacious living room that is open to the formal dining room. Beyond the dining room is the first floor full bath and the kitchen. Continuing up the staircase onto the second floor has 3 full private bedrooms and another full bathroom. Two more nicely sized bedrooms are on the third floor. Additionally, there is a large unfinished basement that would be great for storage! Another plus of this home is a carport for the off-street parking in the back. This home current has oil heat but seller is willing to convert to a gas heating system. This is a must see!!! Please also note the seller is willing to sell 318 Pine St (6 Bed 1 Bath), 320 Pine St ( 5 Bed 2 Bath) and 340 Pine St (6 Bed 2 Bath) all single family homes. Buy 2 homes and get the 3rd home at half price. All three homes for ($175,000) homes rent for $1,000 per month each, $36,000/year rental income, Landlord only pays taxes ($805, $1259, $1575= $3639) and home owners insurance ($1,950) Net income of $30,411/year. Tenants pay all utilities. 17% Cap Rate ? WOW!!!
    Exterior Features

    Architectural Style Traditional Construction Materials Brick Exterior Features SidewalksStreet LightsExterior Lighting Fencing Other Garage YN No Lot Features LevelOpenRear Yard Other Structures Above Grade Parking Types None Patio And Porch Features Porch(Es) Pool No Pool Property Condition Fixer Riparian Rights YN No Roof FlatPitchedShingle Sign On Property YN N Water Access YN No Water Oriented YN No Waterfront YN No

    Interior Features

    Basement FullUnfinished Basement YN Yes Cooling None Exclusions Tenants Personal Property Fireplace YN No Fireplaces Total 0 Flooring WoodVinyl Heating GasHot WaterRadiator Heating YN Yes Inclusions Refrigerator And Stove Interior Features Ceilngfan(S) Laundry Type Basement Levels 3+ Living Area 1897 Main Level Bedrooms 1 Net Square Feet 1897.00 Room List Living RoomDining RoomMaster BedroomBedroom 2Bedroom 3KitchenBedroom 1OtherAttic Rooms Total 11 Upper Level1 Bedrooms 3 Walls Ceilings 9'+ Ceilings

    Property Features

    Acceptable Financing ConventionalVaFha 203(B) Accessibility Features None Association YN No Central Air YN No Condo YN No Cooling Fuel Electric Cross Street Carpenter Electric 100 Amp ServiceCircuit Breakers Entry Location Living Room Foundation Details Stone Heating Fuel Natural Gas Hot Water Electric Incorporated City Name City Of Reading Navigable Water YN N New Construction YN No Original MLSNumber 300871046853:TREND Ownership Interest Fee Simple Possession Subject To Existing Lease Sale Includes Land Only Sale Type Standard Senior Community YN No Sewer Public Sewer Structure Design Type Row/Townhouse Tax Annual Amount 805.0 Tax Assessment Amount 18600.0 Tax Lot 9920 Utilities Cable Tv Vacation Rental YN No Water Source Public Window Features Energy EfficientReplacement Zoning Res

    Listing courtesy of United Real Estate Strive 212.
    ©2018 Bright MLS, All Rights Reserved. IDX information is provided exclusively 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. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2018-12-11T16:04:23.027.
     
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