NOT LISTED FOR SALE

1208 Perkiomen Ave Reading, PA 19602

Penn's Common Neighborhood
-- Bed
4 Baths
3,791 Sq Ft
2,178 Sq Ft Lot

Last Sold April 17, 2019

Last sale price $100,000 $26 Per Sq Ft

2 Days on Market

Highlights

  • Traditional Architecture
  • No HOA
  • Electric Baseboard Heater

About This Home

As of April 2019

Impressive super large 3 unit constructed in the Jacobean architectural style Circa 1900. This architectural masterpiece of concrete, stone & brick with beautiful ornate woodwork boasts nearly 4,000 square feet and is perched on the corner of Perkiomen & Franklin Streets with fantastic views of City Park directly across the street. Unit 1, 1st floor has 5 rooms, 2 private BRS, 1.5 baths, walk-in closets, dual gas & electric heat, 15 handle modern oak kitchen, pocket doors, hardwood floors, replacement windows, tenant paid heat & electric, rented for $750/month. Unit 2, 2nd floor has 4 rooms, 2 BRS, gas fireplace, dual gas & electric heat, tiled, carpet & laminate floors, 2 walk-in closets, tenant pays heat & electric, rented for $700/month. Unit 3, 3rd floor has 5 rooms, 3 private BRS, 18 handle oak kitchen with tiled floor, dual gas & electric heat, projected rent $750/month. Total gross income of 26,400. Expenses: Taxes-$2618. Insurance-$950. Water/Sewer/Trash/Recycling-$3,432. Electric-$288. Permits-$100. Total Annual expenses-$7,370. Net income-$19,030. Cap Rate: 15%. Fantastic income producing property with tenant paid utilities in a very good location with public transportation, schools, shopping, major roads and all downtown Reading has to offer. A must for your investment portfolio!

Last Agent to Sell the Property

Jose Candelaria

(610) 207-8066 jcandelaria@goberkscounty.com RE/MAX Of Reading License #RS193774L Listed on: 03/25/2019

RE/MAX Of Reading

Last Buyer's Agent

Jose Candelaria

(610) 207-8066 jcandelaria@goberkscounty.com RE/MAX Of Reading License #RS193774L Listed on: 03/25/2019

RE/MAX Of Reading

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 2,178 Sq Ft Lot
  • Property is in good condition

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Traditional Architecture
  • Brick Exterior Construction
  • Stone Foundation

Interior Spaces

  • 3,791 Sq Ft Home
  • Basement Fills Entire Space Under The House

Utilities

  • Radiant Heating System
  • Electric Baseboard Heater
  • 200+ Amp Service
  • Electric Water Heater
  • Municipal Trash

Listing and Financial Details

  • The owner pays for insurance, management, repairs, sewer, sewer maintenance, snow removal
  • Tax Lot 7525
  • Assessor Parcel Number 03-5316-22-19-7525

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 1 Vacant Unit
  • Income includes apartment rentals
  • Insurance Expense $950
  • Other Expense $3,432
  • Operating Expense $7,370
  • Net Operating Income $19,030

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: No
  • Inclusions: 3 Range/Ovens, 3 Refrigerators
  • New Construction: No
  • Other Expense: 3432.00
  • Year Built: 1900
  • Special Features: None

Interior Features

  • Foundation Details: Stone
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 3791
  • Living Area Sq Ft: 3791
  • Price Per Sq Ft: 32.97
  • Above Grade Finished Sq Ft: 3791
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Electric, Natural Gas
  • Heating Type: Baseboard - Electric, Radiant
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • HOA: No

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 43000.00
  • Land Assessed Value: 17500.00
  • Lot Size Acres: 0.05
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2178.00
  • Property Condition: Good
  • Zoning: R3

Rental Info

  • Existing Lease Type: Yearly
  • Ground Rent Exists: No
  • Owner Pays: Insurance, Management, Repairs, Sewer, Sewer Maintenance, Snow Removal
  • Rent Control: No
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1442450
  • School Tax: 1085.00
  • Tax Annual Amount: 2618.00
  • Assessor Parcel Number: 03-5316-22-19-7525
  • Tax Lot: 7525
  • County Tax Payment Frequency: Annually
  • Tax Year: 2018

Multi Family

  • Number Of Units Vacant: 1
  • Gross Income: 26400.00
  • Income Includes: Apartment Rentals
  • Operating Expense: 7370.00
  • Other Units: Unit 1,Unit 2,Unit 3

MLS Schools

  • School District Name: READING

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/17/2019 04/17/19 Sold $100,000 -20.0% $26 / Sq Ft
03/27/2019 03/27/19 Pending -- -- --
03/25/2019 03/25/19 For Sale $125,000 +346.4% $33 / Sq Ft
11/28/2016 11/28/16 Sold $28,000 +197.9% $7 / Sq Ft View Prior Sale
10/27/2016 10/27/16 Pending -- -- --
09/28/2016 09/28/16 For Sale $9,400 -- $2 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jose Candelaria

    Seller's Agent in 2019

    Jose Candelaria

    RE/MAX of Reading

    (610) 207-8066

    1 in this area

    212 Total Sales

    Jose Candelaria
    Section Image
  • Sharon Rohrbach

    Seller's Agent in 2016

    Sharon Rohrbach

    RE/MAX of Reading

    (484) 332-3435

    61 Total Sales

    Sharon Rohrbach
    Section Image
  • Patty Rapposelli

    Seller Co-Listing Agent in 2016

    Patty Rapposelli

    RE/MAX of Reading

    (610) 670-2770

    63 Total Sales

    Patty Rapposelli
    Section Image
  • David Yeager

    Buyer's Agent in 2016

    David Yeager

    Pagoda Realty

    (610) 985-7700

    1 in this area

    44 Total Sales

    David Yeager
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: PABK326764

Bright MLS

APN: 5316-22-19-7525

Pennsylvania Berks County Reading 19602 Penn's Common

1208 Perkiomen Ave, Reading, PA

Not Listed for Sale

MultiFamily

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