1511 Perkiomen Ave Reading, PA 19602

Listing Details

• Property Type: Multi-Family
• Property Sub Type: Triplex
• Structure Type: Twin/Semi-Detached
• Architectural Style: Converted Dwelling
• Ownership: Fee Simple
• Inclusions: 3 Range/Overns, 3 Refrigerators
• New Construction: No
• Other Expense: 996.00
• Year Built: 1900
• Remarks Public: Large solid money making stone & brick, Semi detached 3 unit producing excellent cash flow! Cap rate at 15%. Building is 2/3's rented and in overall good condition with original charming features and characteristics of a turn of the century building. Unit 1, 1st flr has 3 rooms, 1 BR, rented for $575/Month. Unit 2, 2nd flr has 4 rooms, 2 BRS, rented for 600/month. Unit 3, 3rd flr is a studio unit, previously rented for $450/Month. All 3 have tenant paid electric heat & cooking. 1 electric hot water heater paid by seller. If you're looking to start or add to your portfolio then this is one you must consider. Property is conveniently located near public transportation, schools, shopping and major roads.
• Special Features: None

Interior Features

• Flooring Type: Wood, Fully Carpeted, Vinyl
• Fireplace: No
• Entry Location: Foyer
• Foundation Details: Stone
• Room List: Primary Bedroom
• Basement: Yes
• Basement Type: Full, Unfinished, Outside Entrance
• Total Sq Ft: 2637
• Living Area Sq Ft: 2637
• Price Per Sq Ft: 34.13
• Above Grade Finished Sq Ft: 2637
• Above Grade Finished Area Units: Square Feet
• Street Number Modifier: 1511

Exterior Features

• Other Structures: Above Grade
• Construction Materials: Brick, Stone
• 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 Expense: 1020.00
• 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 Sewer Expenses: 1620.00
• Water Source: Public

Condo/Co-op/Association

• Condo Co-Op Association: No
• HOA: No

Schools

• School District: READING
• High School: READING SENIOR
• School District Key: 300200397169
• High School: READING SENIOR

Lot Info

• Improvement Assessed Value: 30800.00
• Land Assessed Value: 22500.00
• Land Use Code: 138R
• Lot Size Acres: 0.08
• Lot Dimensions: IRREG
• Lot Size Units: Square Feet
• Lot Sq Ft: 3485.00
• Property Condition: Good
• Zoning: R3

Rental Info

• Vacation Rental: No

Multi Family

• Gross Income: 19500.00
• Other Units: Unit 1,Unit 2,Unit 3
• Single Room Units Count: 1

Tax Info

• Assessor Parcel Number: 1459284
• Tax Annual Amount: 2307.00
• Assessor Parcel Number: 16-5316-31-38-4412
• Tax Lot: 4412
• Tax Data Updated: No
• Tax Year: 2018
• Close Date: 01/31/2019

MLS Schools

• School District Name: READING