Reading, PA 19602,318 PINE ST
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Reading, PA 19602,318 PINE ST

$50,000

Est. payment /mo

$69,900

28.5%
Est.Price: ?

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318 PINE ST Reading, PA 19602

6 Beds

1 Bath

1,897 SqFt

SOLD DATE : 12/14/2018

Key Details

Sold Price $50,000

Property Type Townhouse

Sub Type Interior Row/Townhouse

Listing Status Sold

Purchase Type For Sale

Square Footage 1,897 sqft

Price per Sqft $26

Subdivision City Of Reading

MLS Listing ID 1009914284

Style Traditional

Bedrooms 6

Full Baths 1

Year Built 1900

Annual Tax Amount $805

Tax Year 2018

Lot Size 1,307 Sqft

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!!!

Location

State PA

County Berks

Area Reading City (10201)

Zoning RES

Rooms

Other Rooms Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Bedroom 1, Other, Attic

Interior

Hot Water Electric

Heating Gas, Hot Water, Radiator

Cooling None

Flooring Wood, Vinyl

Laundry Basement

Exterior

Exterior Feature Porch(es)

Fence Other

Utilities Available Cable TV

Water Access N

Roof Type Flat,Pitched,Shingle

Building

Lot Description Level, Open, Rear Yard

Story 3+

Foundation Stone

Sewer Public Sewer

Water Public

Structure Type 9'+ Ceilings

New Construction N

Schools

High Schools Reading Senior

School District Reading

Others

Acceptable Financing Conventional, VA, FHA 203(b)

Listing Terms Conventional, VA, FHA 203(b)

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Clarence E Levan • United Real Estate Strive 212
Bought with Glen W Russell • EXP Realty, LLC

Jason Gareau

Broker

+1(609) 929-4486

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