100 S 2nd Ave
West Reading, PA 19611
- – beds
- – baths
- 2,506 sqft
- 2,613 sqft lot
- $131 per sqft
- 1920 build
Very large West Reading - Wyomissing School District corner end of row 3 unit building with a detached 2 level 4 car garage with paved parking for 2 cars but could be expanded for up to 4-5 cars. The building is in overall solid shape but does need some work and has very low rents. Unit 1 is a total rehab and is currently vacant. This unit is on the 1st floor and has 4 rooms, 2 BRS, liv, kit, bath, projected rent $1500 a month. Unit 2- 2nd fl, 3 rooms, 1 BR, liv, kit, bath, 2 walk-in closets, covered balcony, 2 year tenant paying $585/month on a M/M basis. Market rent is $1100-1200 a month. Unit 3 - 3rd fl, 3 rooms, 1 BR, liv, kit, bath, covered balcony, 2 walk-in closets, 2 year tenant paying, $605/month on a M/M basis. Market rent is $1100-1200 a month. Garage #1 - $55/month. Garage #2 - $55/month. Garage #3 - $45/month. Garage #4 - Owner's unit. All 2 year tenants. Market rents - $125-150/month. Current actual income: $16,140. Expenses: $11,062. Net Income: $5,078. Cap Rate: 2% Expenses breakdown: Taxes: $4727. Electric: $361. Gas Heat: $1623. Water/Sewer: $2251. Insurance: $2,000. Owner pays for gas heat, common electric, w/s, trash, recycling, lawn maintenance & snow removal. Tenants pay for their electric and gas for cooking and hot water. All cooking is gas and all 3 water heaters are gas. One was just replaced in 2025. At market rents annual income: $54,000. Expenses: $11,062. NOI: $42,938. Cap Rate: 13%. Recent updates include a new rubber roof 8-10 years ago. New gas boiler about 20 years ago. New replacement windows about 15 years ago. 200 AMP electric with 4 - 100 amp panels. Units 2 & 3 have been recently remodeled. A gem of a property with so much potential that will make a wonderful addition to your investment portfolio!! Being sold AS IS.
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Last updated Mar 31, 2025
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MLS# PABK2055236 —
The Building
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Year Built:1920
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Year Built Source:Assessor
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Roof:Rubber
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New Construction:No
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Construction Materials:Brick, Vinyl Siding, Stucco
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Building Levels:4
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Building Units Total:3
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Structure Type:End of Row/Townhouse
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Historic:No
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Architectural Style:Traditional
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Security Features:Carbon Monoxide Detector(s), Smoke Detector
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Window Features:Double Pane, Double Hung, Replacement, Screens
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Accessibility Features:None
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Foundation Details:Stone
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Basement:Yes
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Basement Type:Drain, Dirt Floor, Full, Interior Access, Outside Entrance, Rear Entrance, Unfinished, Poured Concrete
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Building Winterized:No
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Total SqFt Source:Assessor
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Total Below Grade SqFt Source:Assessor
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Tax Total Finished SqFt:2506
Interior
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Interior Features:Carpet
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Room Count:10
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Flooring Type:Carpet, Ceramic Tile, Vinyl
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Fireplace:No
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Living Area SqFt Source:Assessor
Room Dimensions
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Total SqFt:2506
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Living Area SqFt:2,506 Sqft
Financial & Terms
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Sale Type:Standard
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Acceptable Financing:Cash
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Possession:Settlement, Subject to Existing Lease
Location
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Directions:Penn Ave to S. 3rd Ave, left on Franklin to property on right at the corner of S. 2nd Ave & Franklin
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Cross Street:Franklin
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Latitude:40.33379000
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Longitude:-75.94274000
The Property
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Property Type:Multi-Family
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Property Subtype:Triplex
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Property Condition:Good
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Lot Size Units:Square Feet
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Lot Size Acres:0.06
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Lot Size Source:Assessor
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Lot Size Dimensions:0.00 x 0.00
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Lot Dimensions Source:Assessor
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Lot Features:Corner
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Lot SqFt:2,613 Sqft
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Inclusions:2 Range/Ovens, 2 Refrigerators
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Zoning:R-3
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Outdoor Living Structures:Balconies- Multiple, Patio(s), Roof
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Other Structures:Above Grade, Below Grade
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Waterview:No
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Land Use Code:138R
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Ground Rent Exists:No
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (610) 207-8066
- Office phone:
- (610) 670-2770
Taxes
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Tax ID Number:93-5306-06-39-7506
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Tax Year:2025
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Tax Lot:7506
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Tax Annual Amount:$4,727
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Tax Assessed Value:$88,600
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Year Assessed:2025
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School Tax:3064.0
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County Tax:799.00
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City/Town Tax:864.00
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Total Taxes Payment Frequency:Annually
Heating & Cooling
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Cooling Type:Window Unit(s)
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Central Air:No
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Cooling Fuel:Electric
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Heating:Yes
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Heating Type:Hot Water, Radiator
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Heating Fuel:Natural Gas
Utilities
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Utilities:Above Ground
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Sewer/Septic:Public Sewer
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Electric Service:200+ Amp Service, Circuit Breakers
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Hot Water:Multi-tank, Natural Gas
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Water Source:Public
Appliances
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Appliances:Oven/Range - Gas, Refrigerator
Schools
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School District Name:Wyomissing Area
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School District Source:Listing Agent
The Community
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Subdivision Name:West Reading
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Exterior Features:Exterior Lighting, Fire Escape, Outbuilding(s), Sidewalks, Street Lights
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Pool:No Pool
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Spa:No
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Association Recreation Fee:No
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Municipal Trash:Yes
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Cap Rate:0.02
Parking
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Total Garage and Parking Spaces:6
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Garage:Yes
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Garage Features:Garage - Front Entry, Garage - Rear Entry
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Garage Spaces:4.00
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Type of Parking:Detached Garage, Driveway
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Parking Features:Asphalt Driveway
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# of Detached Garage Spaces:4
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Driveway - # of Spaces:2
Extra Units
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# of Units:2
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Other Units:Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6,Unit 7
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Vacation Rental:No
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Units Furnished:None
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One Bedroom Units:2
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Two Bedroom Units:1
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
3/29/25
Mar 29, 2025
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Pending | BRIGHT | $330,000 | |
3/29/25
Mar 29, 2025
|
Listed / Active | BRIGHT | $330,000 |