1500 Perkiomen Avenue
Reading, PA 19602
- – beds
- – baths
- 5,500 sqft
- 3,920 sqft lot
- $118 per sqft
- 1900 build
CALLING INVESTORS! This is a 10 CAP property with room to grow! You can be cash positive FIRST YEAR! The return on this property is significant with a superior return on investment. With the opportunity to increase an already exceptional rent roll. This 6 unit building features many long term tenants and has a solid rental history. 1st flr is a 5bd full floor unit that will be increasing its rent to $2224 in January. Unit 2E (vacant) - $1200 (HUD approved $1452 also beginning January). Unit 2W - $1200. Unit 3E - $700. Unit 3W - $1200. Unit 4R - $1000. Total Rent Roll as of January 2025 - $7524 ($7776 with HUD tenant). Total 2025 Rental Income - $93.312 Total Expenses - $25,975. (incl. taxes, insurance, pest, water, sewer, trash, heat, house electric) Net - $67,337 Landlord currently pays for water, sewer, trash, and heat. Units are all separately metered for electric. Separate water meters have been added to most units to allow for tenants to pay their own water but current owner has not utilized them. All leases are being signed or have been transitioned to month to month for a smooth transition to the new owner(s). Showings are limited and will be bundled when possible to limit tenant inconveniences. DO NOT VISIT THE PROPERTY WITHOUT AUTHORIZATION! Please respect the privacy of the current tenants.
Listing courtesy of BRIGHT / Keller Williams Real Estate-Montgomeryville
Last checked:
Checking…
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Last updated Dec 30, 2024
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MLS# PABK2052178 —
The Building
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Year Built:1900
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Year Built Source:Estimated
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Roof:Shingle, Flat
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New Construction:No
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Construction Materials:Block, Stone
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Building Units Total:4
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Structure Type:Other
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Architectural Style:Colonial
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Accessibility Features:None
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Total SqFt Source:Estimated
Interior
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Living Area SqFt Source:Estimated
Room Dimensions
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Total SqFt:5500
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Living Area SqFt:5,500 Sqft
Financial & Terms
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Sale Type:Standard
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Acceptable Financing:Cash, Conventional, Negotiable
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Possession:0-30 Days CD, 31-60 Days CD, 61-90 Days CD
Location
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Directions:Take Perkiomen ave into Reading. Property is on the corner of Perkiomen Ave and S 15th Street.
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Latitude:40.32962000
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Longitude:-75.90831000
The Property
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Property Type:Multi-Family
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Property Subtype:Other
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Lot Size Units:Square Feet
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Lot Size Acres:0.09
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Lot Size Source:Estimated
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Lot Size Dimensions:0.00 x 0.00
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Lot Dimensions Source:Estimated
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Lot SqFt:3,920 Sqft
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Zoning:MIX
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Other Structures:Above Grade
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Water View: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:4124
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (215) 941-9866
- Office phone:
- (215) 631-1900
Taxes
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Tax ID Number:16-5316-31-38-3243
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Tax Year:2024
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Tax Lot:3243
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Tax Annual Amount:$4,001
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Tax Assessed Value:$90,100
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Year Assessed:2024
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School Tax:1615.0
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County Tax:752.00
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City/Town Tax:1633.00
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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
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Heating Fuel:Natural Gas
Utilities
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Sewer/Septic:Public Sewer
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Electric Service:200+ Amp Service
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Hot Water:Natural Gas
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Water Source:Public
Schools
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High School:READING
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School District Name:Reading
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School District Source:Listing Agent
The Community
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Pool:No Pool
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Cap Rate:10.00
Parking
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Garage:No
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Type of Parking:On Street
Extra Units
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# of Units:5
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Other Units:Unit 1,Unit 2,Unit 2,Unit 4,Unit 3,Unit 3
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Vacation Rental:No
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Single Room Units:1
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One Bedroom Units:1
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Two Bedroom Units:3
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Three 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).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
12/30/24
Dec 30, 2024
|
Listed / Active | BRIGHT | $649,999 |