Seller's Agent in 2024
Taj Simmons
EXP Realty, LLC
(484) 794-3080
1 in this area
141 Total Sales
1511 Perkiomen Ave Reading, PA 19602
District 8 Neighborhood
--
Bed
3
Baths
2,637
Sq Ft
3,485
Sq Ft Lot
Highlights
- 0.08 Acre Lot
- Security Gate
- 3-minute walk to 16th & Haak Playground
- Wood Flooring
- Electric Baseboard Heater
About This Home
As of April 2024Discover 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!
Last Agent to Sell the Property
(484) 794-3080 tajsimmonsrealtor@gmail.com EXP Realty, LLC License #RS315174 Listed on: 11/11/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,330
Year Built
- Built in 1900
Lot Details
- 3,485 Sq Ft Lot
Parking
- On-Street Parking
Home Design
- 2,637 Sq Ft Home
- Converted Dwelling
- Stone Foundation
- Pitched Roof
Flooring
- Wood
- Wall to Wall Carpet
- Vinyl
Unfinished Basement
- Basement Fills Entire Space Under The House
- Exterior Basement Entry
Schools
- Reading Senior High School
Utilities
- Electric Baseboard Heater
- 200+ Amp Service
- Electric Water Heater
- Cable TV Available
Listing and Financial Details
- The owner pays for water, trash collection, real estate taxes, insurance
- Tax Lot 4412
- Assessor Parcel Number 16-5316-31-38-4412
Community Details
Overview
- 3 Units
Building Details
- Income includes apartment rentals
- Insurance Expense $1,032
- Manager Expense $1,200
- Other Expense $3,322
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/22/2024 04/22/24 | Sold | $200,000 | -11.1% | $76 / Sq Ft | |
| 12/20/2023 12/20/23 | Pending | -- | -- | -- | |
| 11/11/2023 11/11/23 | For Sale | $225,000 | +150.0% | $85 / Sq Ft | |
| 01/31/2019 01/31/19 | Sold | $90,000 | 0.0% | $34 / Sq Ft | View Prior Sale |
| 11/29/2018 11/29/18 | Pending | -- | -- | -- | |
| 10/31/2018 10/31/18 | For Sale | $90,000 | -- | $34 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
Agents Affiliated with this Home
-
Taj Simmons
-
Fernando Hernandez
Buyer's Agent in 2024
Fernando Hernandez
Iron Valley Real Estate of Berks
(610) 406-8198
3 in this area
146 Total Sales
-
Jose Candelaria
Seller's Agent in 2019
Jose Candelaria
RE/MAX of Reading
(610) 207-8066
3 in this area
212 Total Sales
-
Jaime Perez
Buyer's Agent in 2019
Jaime Perez
Keller Williams Platinum Realty - Wyomissing
(610) 413-2255
1 in this area
68 Total Sales
Map
Source: Bright MLS
MLS Number: PABK2036968
APN: 5316-31-38-4412
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