INVESTORS! Don’t miss your chance to own this RARE 4-Family in downtown Reading center. Nothing to do but collect rent from the established tenants and build equity for your future. Condo conversion also an option. All 4 tenants are Tenants At Will. The property has two 1BR units and two 2BR units. Both units of the #40 side are CERTIFIED DELEADED. Lots of basement storage on both sides, as well as 2 parking spaces. Each unit has separate utilities. Renovations by prior owner include windows (2015), roof (2014), gas furnace (2012). Recent updates to 3 units include updated electrical, new stove, new vent hood, new toilet, gutter extensions and masonry repair. Perfectly located within walking distance to everything downtown Reading has to offer, including Commuter Rail, Senior Center, shops, banks, schools, medical, dental, pharmacy and restaurants. Group showing Monday, November 6th from 4:00-6:00 PM.
Sale Statistics
Sale Overview
Original List Price:$1,399,900
Final Sale Price:$1,300,000
Difference:
$99,900 (-7.1%)
Performance Metrics
92.9%
List to Sale Ratio
Sold below asking price
21
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft:$432
Sale $/sq ft:$401
This property sold for $401 per square foot
Sale Summary
This property sold for 7.1% below the original asking price.
With only 21 days on market, this was a quick sale compared to typical market conditions.
Facts & Features
Property Overview
Property Type
4 Family
Property Category
Residential Income
Year Built
1900
Bedrooms
6
Full Bathrooms
4
Living Area
3,240 sq ft
Total Rooms
18
Stories
6
Levels
6
Interior Features
Flooring
Wood, Stone/Ceramic Tile, Carpet
Heating
Central, Baseboard, Natural Gas, Unit Control, Hot Water
Has Heating
Yes
Cooling
None
Has Cooling
No
Has Fireplace
No
Appliances
Range, Refrigerator, Range Hood
Interior Features
Walk-In Closet(s), Bathroom With Tub & Shower, Living Room, Kitchen, Office/Den
Laundry Features
Washer & Dryer Hookup, Electric Dryer Hookup, Washer Hookup
Basement Details
Full, Unfinished
Exterior & Structure
Construction Materials
Frame
Roof
Shingle
Foundation
Stone
Exterior Features
Rain Gutters
Patio/Porch Features
Porch
Has Spa
No
Waterfront Property
No
Lot & Land
Lot Size
0.07 acres
Lot Size
3,244 sq ft
Lot Size Area
0.0700
Lot Features
Level
Road Surface Type
Paved
Road Frontage Type
Public
Parking & Garage
Has Garage
No
Total Non-Garage Parking Spaces
2
Parking Features
Off Street
Utilities & Systems
Utilities Available
for Gas Range, for Electric Dryer, Washer Hookup
Water Source
Public
Sewer
Public Sewer
Electric
Circuit Breakers
Community & HOA
Community Features
Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School, T-Station
