1031 Penn Street
Pending
Pending
Description
Main Building: 6 well-designed apartments showcasing original wood detailing. Additional Assets: 2 standalone homes and a large garage on Court St, offering flexible revenue streams. Prime Lot: A spacious parcel that spans the length of a full city block, connecting the buildings and providing outdoor potential. Currently, 5 of the 8 units are occupied by long-term tenants, ensuring immediate rental income while leaving room for value-add opportunities. With its blend of historic character and untapped potential, this property is ideal for the savvy investor looking to enhance portfolio performance.
- Listed by Collier Golden • RE/MAX Of ReadingP: (610)-914-4581 cgolden@goberkscounty.com
Property Details for 1031 Penn Street
Property Details for 1031 Penn Street
| Status | Pending |
|---|---|
| MLS # | PABK2051270 |
| Days on Market | 19 |
| Taxes | $4,676 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Fee Simple |
| Year Built | 1890 |
| Lot Size | 0.18 AC / 7,840 SF |
| County | Berks County |
Building Information for 1031 Penn Street
Property Information for 1031 Penn Street
- School District Name: READING
- School District County ID: 300200397169
- SchoolDistrictSource: Listing Agent
- County: BERKS
- MLS Area: Reading City (10201)
- Water View: No
- Water Access: No
- Water Oriented: No
- Navigable Water: No
- Tidal Water: No
- Riparian Rights Y/N: No
- Tax Year: 2024
- Tax Assessed Value: $105,300
- Year Assessed: 2024
- County Tax: $879
- Improvement Assessed Value: $60,500
- City Town Tax: $1,909
- Land Assessed Value: $44,800
- Clean Green Assessed: No
- Land Use Code: 4200
- Zoning: R3
- Zoning Dscrp: Residential
- Tax Lot: 8378
- School Tax: $1,888
- Automatically Update Tax Values Y/N: Yes
- Owner Pays: Common Area Maintenance, Heat, Heater Maintenance Contract, Insurance, Lawn/Shrub Care, Pest Control, Repairs, Sewer, Taxes - Real Estate, Trash Collection, Water
- Single Room Units Count: 0
- One Bedroom Units Count: 4
- Two Bedroom Units Count: 3
- Three Bedroom Units Count: 1
- Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 8,Unit 3,Unit 6,Unit 7
- Number Of Units Vacant: 3
- Number Of Units Month To Month: 4
- Rent Control: No
- Type: Unit 1
- Unit Type Occupied YN: Yes
- Level: 1
- Unit Type Lease Type: Month to Month
- Beds Total: 2
- Full Baths Count: 1
- Type: Unit 2
- Unit Type Occupied YN: No
- Level: 1
- Beds Total: 1
- Full Baths Count: 1
- Type: Unit 4
- Unit Type Occupied YN: Yes
- Level: 2
- Beds Total: 3
- Full Baths Count: 1
- Type: Unit 5
- Unit Type Occupied YN: Yes
- Level: 3
- Unit Type Lease Type: Month to Month
- Beds Total: 1
- Full Baths Count: 1
- Type: Unit 8
- Unit Type Occupied YN: Yes
- Unit Type Lease Type: Yearly
- Beds Total: 2
- Full Baths Count: 1
- Unit Type Features: 1036 Court St townhome
- Type: Unit 3
- Unit Type Occupied YN: No
- Level: 2
- Unit Type Lease Type: Month to Month
- Beds Total: 1
- Full Baths Count: 1
- Type: Unit 6
- Level: 3
- Unit Type Lease Type: Month to Month
- Beds Total: 1
- Full Baths Count: 1
- Type: Unit 7
- Unit Type Occupied YN: Yes
- Unit Type Lease Type: Month to Month
- Beds Total: 2
- Full Baths Count: 1
- Unit Type Features: 1034 Court St townhome
- Operating Expense: $25,288
- Gross Scheduled Income: $55,800
- Net Operating Income: $30,512
- Income Includes: Apartment Rentals, Other
- Existing Lease Type: Month to Month, Yearly
- Building Units Total: 4
- Total Finished SQFT: 6,000.00
- Total Finished SQFT Source: Estimated
- Tax Total Finished SQFT: .00
- Total SQFT: 6,000.00
- Total SQFT Source: Estimated
- Construction Materials: Brick
- Roof: Flat, Rubber
- Flooring Type: Carpet, Hardwood, Vinyl, Tile/Brick
- Foundation Details: Stone, Brick/Mortar
- Lot Size Source: Assessor
- Lot Size Dimensions: 0.00 x 0.00
- Lot Dimensions Source: Assessor
- Lot Features: Level, Rear Yard
- Location Type: Urban
- Parcel ID: 1445888
- Type Of Parking: On Street
- Interior Features: Built-Ins, Carpet, Ceiling Fan(s), Entry Level Bedroom
- Fireplace: No
- Appliances: Refrigerator, Oven/Range - Gas
- Accessibility Features: None
- Exterior Features: Fire Escape, Sidewalks, Street Lights
- Pool: No Pool
- Other Structures: Above Grade, Below Grade
- Heating: Yes
- Cooling Type: None
- Cooling Fuel: None
- Heating Type: Hot Water, Radiator
- Heating Fuel: Oil
- Hot Water: Electric
- Water Source: Public
- Sewer Septic: Public Sewer
- List Agent AOR: Reading-Berks Association of REALTORS
Property History for 1031 Penn Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1031 Penn Street
Schools near 1031 Penn Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 4 | |||
| Public - | 5 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 6 to 7 |
Rating | School | Distance |
|---|---|---|
Tenth & Penn El School PublicPK to 4 | ||
Southern 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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Listing Courtesy of RE/MAX Of Reading
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.