800 North 5th Street

Reading, PA 19601

$560,000
Price
6
Beds
5
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Incredible turnkey investment opportunity in the Centre Park Historic District! This fully rented and restored 5-unit apartment building gives an instant return! Walking up to the building a covered front porch leads to a foyer with mailboxes. From there, you’ll find the main lobby with a large sitting area, two utility closets, and a half bathroom. The foyer and lobby have been renovated. New carpet and new light fixtures have been installed and the original millwork adds charm. The basement has...Incredible turnkey investment opportunity in the Centre Park Historic District! This fully rented and restored 5-unit apartment building gives an instant return! Walking up to the building a covered front porch leads to a foyer with mailboxes. From there, you’ll find the main lobby with a large sitting area, two utility closets, and a half bathroom. The foyer and lobby have been renovated. New carpet and new light fixtures have been installed and the original millwork adds charm. The basement has ample storage space, 2 sets of coin-operated washers and dryers are available for the tenants convenience. The garage roof and eaves were restored in 2017. The exterior brick and trim were also restored in 2017. All units have separate electric meters that were installed in 2018. A new roof was added in 2019. Starting on the first floor: Apartment (1) Private side entrance, 2-bedroom, 1-bath with its own separate high-efficiency HVAC system including central air. Apartment (5) Private corner entrance to a modern studio. Second floor: Apartment (2) Updated 1 bedroom, 1 bath, Apartment (4) - bedroom, 1-bath with updated flooring and toilet. Third Floor: Apartment (3) 3-bedroom, 1-bath. A large 2-car tandem side entry garage with a 1-car driveway, which is currently rented out. This building has been well maintained and is ready for it's new caretaker.

Listing Agent

  1. Marisa Aikman

    Marisa Aikman

    Listing Agent

    Compass

Property Details for 800 North 5th Street

Tax ID Number
14-5307-59-74-7760
Ownership
Fee Simple
Structure Type
Detached
Style
Colonial
Waterfront
No
Garage
Yes
Expected On Market Date
05-01-2024
Subdivision
CENTRE PARK HISTOR

Location

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LISTING UPDATED: 05/29/2024 03:09 PM

Property Details for 800 North 5th Street

StatusActive
MLS #PABK2042566
Days on Market34
Taxes$6,321 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1900
Lot Size0.16 AC / 6,969 SF
CountyBerks County

Location

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Building Information for 800 North 5th Street

Stories-Residences4Year Built1900Building Size-Lot Size0.16 AC / 6,969 SF

Payment Calculator

$3,583 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,056

Property Taxes

$527

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 800 North 5th Street

Location
Location
  • School District Name: READING
  • School District County ID: 300200397169
  • SchoolDistrictSource: Listing Agent
  • County: BERKS
  • MLS Area: Reading City (10201)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Association / Community Info
Association / Community Info
  • Association Recreation Fee Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2023
  • Tax Assessed Value: $144,600
  • Year Assessed: 2023
  • County Tax: $1,107
  • Improvement Assessed Value: $85,100
  • City Town Tax: $2,621
  • Land Assessed Value: $59,500
  • Clean Green Assessed: No
  • Land Use Code: 4116
  • Zoning: COMMERCIAL
  • Tax Lot: 7760
  • School Tax: $2,593
  • Automatically Update Tax Values Y/N: Yes
  • TaxDataUpdatedYN: No
Lease Information
Lease Information
  • Owner Pays: Water
Unit Information
Unit Information
  • Single Room Units Count: 1
  • One Bedroom Units Count: 2
  • Two Bedroom Units Count: 2
  • Three Bedroom Units Count: 0
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6
  • Units Furnished: None
  • Units Leased Count: 6
  • Number Of Units Vacant: 0
  • Rent Control: No
Multi Family
Unit 1
  • Type: Unit 1
  • Unit Type Occupied YN: Yes
  • Unit Type Finished SQFT: 730
  • Unit Type Lease Type: Month to Month
  • Beds Total: 2
  • Full Baths Count: 1
Unit 2
  • Type: Unit 2
  • Unit Type Occupied YN: Yes
  • Unit Type Finished SQFT: 500
  • Beds Total: 1
  • Full Baths Count: 1
Unit 3
  • Type: Unit 3
  • Unit Type Occupied YN: Yes
  • Unit Type Finished SQFT: 1000
  • Unit Type Lease Type: Month to Month
  • Beds Total: 2
  • Full Baths Count: 1
Unit 4
  • Type: Unit 4
  • Unit Type Occupied YN: Yes
  • Unit Type Finished SQFT: 675
  • Unit Type Lease Type: Month to Month
  • Beds Total: 1
  • Full Baths Count: 1
Unit 5
  • Type: Unit 5
  • Unit Type Occupied YN: Yes
  • Unit Type Finished SQFT: 675
  • Unit Type Lease Type: Month to Month
  • Beds Total: 0
  • Full Baths Count: 1
  • Unit Type Features: Studio Unit
Unit 6
  • Type: Unit 6
  • Unit Type Lease Type: Month to Month
  • Unit Type Features: Garage
Financial Information
Expenses
  • Operating Expense: $1,580
  • Insurance Expense: $5,040
  • Gas Avg Month: $163
  • Gas Prev 12 Months: $1,950
  • Professional Management Expense: $1,950
Financial Information
  • Annual Rental Income: $59,800
  • Income Includes: Apartment Rentals, Laundry
  • Existing Lease Type: Month to Month, Yearly
Building Info
Building Info
  • Building Units Total: 4
  • Total Finished SQFT: .00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 0.00 x 0.00
  • Lot Dimensions Source: Assessor
  • Location Type: Corner Lot/Unit
  • Parcel ID: 1454736
  • Ground Rent Exists: No
Parking
Parking
  • Type Of Parking: On Street, Attached Garage, Driveway
  • Num of Attached Garage Spaces: 2
  • Driveway - # of Spaces: 1
  • Total Garage Spaces: 2
  • Parking Features: Asphalt Driveway
  • Garage Features: Garage - Side Entry
Interior Features
Interior Features
  • Fireplace: No
  • Accessibility Features: None
  • Security Features: Main Entrance Lock
  • Window Features: Wood Frame
Exterior Features
Exterior Features
  • Spa: No
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Utilities: Natural Gas Available
  • Heating: Yes
  • Cooling Type: Central A/C, Window Unit(s)
  • Cooling Fuel: Electric
  • Heating Type: Radiator, Steam
  • Heating Fuel: Natural Gas
  • Hot Water: Electric
  • Water Source: Public
  • Sewer Septic: Public Sewer
  • Electric Service: 200+ Amp Service
Confidential Data
Listing Office
  • List Agent AOR: Reading-Berks Association of REALTORS
  • List Agent URL: www.compass.com

Property History for 800 North 5th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 800 North 5th Street

Taxable ValueLand$59,500Additions$85,100Total$144,600
Tax Record2024$3,828 ($319 / month)
Home Facts
Total Finished SqFt7,536 SqFtAbove Grade Finished SqFt7,536 SqFtStories3Lot Size6,970 SqFtStyleOffice BuildingYear Built1915CountyBERKSAPN5307-59-74-7760

Schools near 800 North 5th Street

This home is within Reading School District.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - 5 to 8
Public - 9 to 12
Public - 6 to 7
Rating
School
Distance
Riverside El School
PublicPK to 4

Central Middle School
Public5 to 8

Reading Senior High School
Public9 to 12

Southwest Middle School
Public6 to 7

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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800 North 5th Street is a multi-family home for sale in Reading, PA 19601. This property was listed for sale on May 1, 2024 by Compass, it's currently listed at $560,000. It has been on the market for a total of 34 days and was last sold on July 9, 2021. This listing's school district is Reading School District. Nearby schools include Riverside El School, Central Middle School and Reading Senior High School. 800 North 5th Street is a 6-bed, 5-bath, multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.