Seller's Agent in 2025
John Trigg
RE/MAX
(215) 941-9866
4 in this area
84 Total Sales
1500 Perkiomen Ave Reading, PA 19602
18th and Cotton NeighborhoodEstimated Value: $689,736
Studio
--
Bath
5,500
Sq Ft
$125/Sq Ft
Est. Value
Highlights
- 0.09 Acre Lot
- Window Unit Cooling System
- 3-minute walk to 16th & Haak Playground
- Colonial Architecture
- Hot Water Heating System
About This Home
As of March 2025CALLING 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.
Last Agent to Sell the Property
(215) 723-4150 remaxadmin@remaxreliance.com RE/MAX Reliance License #RS199199L Listed on: 12/30/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,001
Year Built
- Built in 1900
Lot Details
- 3,920 Sq Ft Lot
Parking
- On-Street Parking
Home Design
- 5,500 Sq Ft Home
- Colonial Architecture
- Flat Roof Shape
- Shingle Roof
- Stone Siding
Schools
- Reading High School
Utilities
- Window Unit Cooling System
- Heating System Uses Natural Gas
- Hot Water Heating System
- 200+ Amp Service
- Natural Gas Water Heater
Listing and Financial Details
- Tax Lot 3243
- Assessor Parcel Number 16-5316-31-38-3243
Community Details
Overview
- 4 Units
Building Details
- 1 Vacant Unit
- Trash Expense $9,025
- Operating Expense $25,000
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 30, 2024
Closed on
Feb 18, 2025
Sold by
Bought by
Seller's Agent
John Trigg
RE/MAX Reliance
Buyer's Agent
Jose Madrigal
Pagoda Realty ERA Powered
List Price
$649,999
Sold Price
$650,000
Premium/Discount to List
$1
0.0%
Views
29
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$39,736
Avg. Annual Appreciation
4.39%
Original Mortgage
$422,500
Interest Rate
0.0687%
Mortgage Type
New Conventional
Purchase Details
Listed on
Mar 17, 2023
Closed on
Aug 17, 2023
Sold by
Bought by
Seller's Agent
Ben Esh
Astoria Realty Advisors LLC
Buyer's Agent
John Trigg
RE/MAX Reliance
List Price
$445,000
Sold Price
$465,000
Premium/Discount to List
$20,000
4.49%
Views
314
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.12%
Original Mortgage
$262,750
Interest Rate
0.0696%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 30, 2021
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,000
Interest Rate
0.029%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
May 5, 2008
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
0.0591%
Mortgage Type
Commercial
Purchase Details
Closed on
Jul 15, 2005
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
0.0568%
Mortgage Type
Commercial
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $650,000 | Safeguard Property Transfer | ||
| $465,000 | None Listed On Document | ||
| $246,000 | Premier Settlements | ||
| $172,500 | Conestoga Title Insurance Co | ||
| $140,000 | Conestoga Title Insurance Co |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $422,500 | ||
| Closed | $422,500 | ||
| Previous Owner | $262,750 | ||
| Previous Owner | $202,000 | ||
| Previous Owner | $135,000 | ||
| Previous Owner | $112,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/11/2025 03/11/25 | Sold | $650,000 | 0.0% | $118 / Sq Ft | |
| 01/07/2025 01/07/25 | Pending | -- | -- | -- | |
| 12/30/2024 12/30/24 | For Sale | $649,999 | +39.8% | $118 / Sq Ft | |
| 08/22/2023 08/22/23 | Sold | $465,000 | 0.0% | -- | View Prior Sale |
| 07/05/2023 07/05/23 | Price Changed | $465,000 | +4.5% | -- | |
| 07/04/2023 07/04/23 | Pending | -- | -- | -- | |
| 06/01/2023 06/01/23 | Price Changed | $445,000 | +1.4% | -- | |
| 05/17/2023 05/17/23 | Price Changed | $439,000 | -1.3% | -- | |
| 05/01/2023 05/01/23 | For Sale | $445,000 | 0.0% | -- | |
| 04/19/2023 04/19/23 | Pending | -- | -- | -- | |
| 04/08/2023 04/08/23 | Price Changed | $445,000 | -0.9% | -- | |
| 03/30/2023 03/30/23 | Price Changed | $449,000 | -1.3% | -- | |
| 03/17/2023 03/17/23 | For Sale | $455,000 | -- | -- |
Source: Bright MLS
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $4,325 | $153,200 | $27,900 | $125,300 |
| 2025 | $4,158 | $153,200 | $27,900 | $125,300 |
| 2024 | $4,001 | $90,100 | $27,900 | $62,200 |
| 2023 | $3,939 | $90,100 | $27,900 | $62,200 |
| 2022 | $3,939 | $90,100 | $27,900 | $62,200 |
| 2021 | $3,939 | $90,100 | $27,900 | $62,200 |
| 2020 | $3,899 | $90,100 | $27,900 | $62,200 |
| 2019 | $3,899 | $90,100 | $27,900 | $62,200 |
| 2018 | $3,899 | $90,100 | $27,900 | $62,200 |
| 2017 | $3,873 | $90,100 | $27,900 | $62,200 |
| 2016 | $2,213 | $90,100 | $27,900 | $62,200 |
| 2015 | $2,213 | $90,100 | $27,900 | $62,200 |
| 2014 | $2,036 | $90,100 | $27,900 | $62,200 |
Source: Public Records
Agents Affiliated with this Home
-
John Trigg
-
Jose Madrigal
Buyer's Agent in 2025
Jose Madrigal
Pagoda Realty ERA Powered
(610) 763-0671
8 in this area
53 Total Sales
-
Ben Esh
Seller's Agent in 2023
Ben Esh
Astoria Realty Advisors LLC
(717) 344-4480
2 in this area
220 Total Sales
Map
Source: Bright MLS
MLS Number: PABK2052178
APN: 16-5316-31-38-3243
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