1511 Perkiomen Ave Reading, PA 19602

Listing Details

• Property Type: Multi-Family
• Structure Type: Twin/Semi-Detached
• Architectural Style: Converted Dwelling
• Ownership: Fee Simple
• New Construction: No
• Other Expense: 3322.00
• Year Built: 1900
• Automatically Close On Close Date: No
• Remarks Public: Discover a fantastic investment opportunity at 1511 Perkiomen Ave, Reading, Pennsylvania. This multi-unit property offers three income-generating units, making it an excellent choice for both seasoned investors looking to expand their portfolio and newcomers to the world of real estate investment. With three diverse units, it generates a total annual rental income of $26,580, providing a stable and diversified cash flow that's attractive to investors. Tenants are on month-to-month leases, offering flexibility for new ownership. The property's unique feature is that tenants are responsible for their electric bills, which also serves as the heating source, reducing operational expenses. Located in the charming community of Reading, PA, it offers convenient access to local amenities, schools, and transportation. Whether you're an experienced real estate investor looking to expand your portfolio or someone looking to enter real estate investment, 1511 Perkiomen Ave is the ideal opportunity to secure your financial future through real estate. Don't miss out on this lucrative investment; contact us today to schedule a viewing and take the first step toward real estate investment success. Opportunities like this one tend to go quickly, so act fast!
• Special Features: None
• Property Sub Type: MultiFamily

Interior Features

• Flooring Type: Wood, Fully Carpeted, Vinyl
• Fireplace: No
• Foundation Details: Stone
• Basement: Yes
• Basement Type: Full, Unfinished, Outside Entrance
• Total Sq Ft: 2637
• Living Area Sq Ft: 2637
• Price Per Sq Ft: 85.32
• Above Grade Finished Sq Ft: 2637
• Above Grade Finished Area Units: Square Feet
• Street Number Modifier: 1511

Exterior Features

• Other Structures: Above Grade, Below Grade
• Exterior Features: Sidewalks, Street Lights
• Roof: Pitched
• 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, Circuit Breakers
• Heating Fuel: Electric
• Heating Type: Baseboard - Electric
• Heating: Yes
• Hot Water: Electric
• Security: Security Gate
• Sewer/Septic System: Public Sewer
• Utilities: Cable Tv Available
• Water Source: Public

Condo/Co-op/Association

• Professional Management Expense: 1200.00

Schools

• School District: READING
• High School: READING SENIOR
• School District Key: 300200397169
• School District Source: Listing Agent
• High School: READING SENIOR

Lot Info

• Land Use Code: 138R
• Lot Size Acres: 0.08
• Lot Dimensions: 0.00 x 0.00
• Lot Size Units: Square Feet
• Lot Sq Ft: 3484.80
• Year Assessed: 2023
• Zoning: R3

Rental Info

• Existing Lease Type: Month To Month
• Number Of Units Month To Month: 3
• Owner Pays: Water, Trash Collection, Taxes - Real Estate, Insurance
• Rent Control: No
• Total Actual Rent: 26580.00
• Units Leased Count: 3
• Vacation Rental: No

Tax Info

• School Tax: 956.00
• Tax Annual Amount: 2330.00
• Assessor Parcel Number: 16-5316-31-38-4412
• Tax Lot: 4412
• Tax Total Finished Sq Ft: 2637
• County Tax Payment Frequency: Annually
• Tax Year: 2023
• Close Date: 04/22/2024

Multi Family

• Income Includes: Apartment Rentals
• Other Units: Unit 1,Unit 2,Unit 3
• Single Room Units Count: 1

MLS Schools

• School District Name: READING