NOT LISTED FOR SALE

1605 Perkiomen Ave Reading, PA 19602

District 8 Neighborhood
-- Bed
1 Bath
2,391 Sq Ft
1,742 Sq Ft Lot

Last Sold March 11, 2020

Last sale price $90,000 $38 Per Sq Ft

31 Days on Market

Highlights

  • Traditional Architecture
  • Electric Baseboard Heater
  • 1-minute walk to 16th & Haak Playground
  • No HOA
  • Carpet

About This Home

As of March 2020

Looking for an investment property ? Do you want residual income without physical labor? Buy this fully occupied 2 unit with a 13.25 CAP rate. The first floor unit pays 625, has a year lease, is electric heat , good condition. The second floor unit is Section 8 approved, rent is 835, a yearly lease, has gas heat and in good condition. Owner pays for water, trash, sewer. Start generating income from day one, make an appointment to see this 2 unit today!

Last Agent to Sell the Property

Lorraine Guthier

Iron Valley Real Estate of Berks Listed on: 01/16/2020

Iron Valley Real Estate of Berks

Last Buyer's Agent

AnnaMarie Ortiz

Coldwell Banker Realty License #RS307633

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,636

Year Built

  • Built in 1923

Lot Details

  • 1,742 Sq Ft Lot
  • Property is in good condition

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Traditional Architecture
  • Metal Roof
  • Stone Siding

Interior Spaces

  • 2,391 Sq Ft Home
  • Basement Fills Entire Space Under The House

Flooring

  • Carpet
  • Vinyl

Utilities

  • Electric Baseboard Heater
  • 100 Amp Service
  • Natural Gas Water Heater

Listing and Financial Details

  • The owner pays for sewer, real estate taxes, trash collection, water
  • Assessor Parcel Number 16-5316-32-38-9288

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Net Operating Income $14,207

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,636

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1923
  • Remarks Public: Looking for an investment property ? Do you want residual income without physical labor? Buy this fully occupied 2 unit with a 13.25 CAP rate. The first floor unit pays 625, has a year lease, is electric heat , good condition. The second floor unit is Section 8 approved, rent is 835, a yearly lease, has gas heat and in good condition. Owner pays for water, trash, sewer. Start generating income from day one, make an appointment to see this 2 unit today!
  • Special Features: None

Interior Features

  • Flooring Type: Carpet, Vinyl
  • Fireplace: No
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 2391
  • Living Area Sq Ft: 2391
  • Price Per Sq Ft: 38.06
  • Above Grade Finished Sq Ft: 2391
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1605

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Stone
  • Exterior Features: Sidewalks, Street Lights
  • Roof: Metal
  • 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: 100 Amp Service
  • Heating Fuel: Electric, Natural Gas
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

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

Lot Info

  • Lot Size Acres: 0.04
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1742.00
  • Property Condition: Good
  • Year Assessed: 2020
  • Zoning: RESIDENTIAL

Rental Info

  • Existing Lease Type: Yearly
  • Owner Pays: Sewer, Taxes - Real Estate, Trash Collection, Water
  • Vacation Rental: No

Tax Info

  • School Tax: 678.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 1636.00
  • Assessor Parcel Number: 16-5316-32-38-9288
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2020
  • Close Date: 03/11/2020

Multi Family

  • Gross Income: 17820.00
  • Other Units: Unit 1,Unit 2

MLS Schools

  • School District Name: READING

Range of Values:

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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 Change Sq Ft Price
03/11/2020 03/11/20 Sold $90,000 0.0% $38 / Sq Ft
02/16/2020 02/16/20 Pending -- -- --
02/16/2020 02/16/20 Off Market $90,000 -- --
01/27/2020 01/27/20 Price Changed $90,995 0.0% $38 / Sq Ft
01/16/2020 01/16/20 For Sale $91,000 +152.8% $38 / Sq Ft
07/14/2014 07/14/14 Sold $36,000 -19.8% $15 / Sq Ft
05/23/2014 05/23/14 Pending -- -- --
04/28/2014 04/28/14 For Sale $44,900 -- $19 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Lorraine Guthier

    Seller's Agent in 2020

    Lorraine Guthier

    Iron Valley Real Estate of Berks

    (484) 336-6378

    5 in this area

    102 Total Sales

    Lorraine Guthier
    Section Image
  • AnnaMarie Ortiz

    Buyer's Agent in 2020

    AnnaMarie Ortiz

    Coldwell Banker Realty

    (610) 914-4727

    2 in this area

    29 Total Sales

    AnnaMarie Ortiz
    Section Image
  • Alex Betances

    Seller's Agent in 2014

    Alex Betances

    EXP Realty, LLC

    (610) 926-8610

    1 in this area

    18 Total Sales

    Alex Betances
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: PABK353024

Bright MLS

APN: 5316-32-38-9288

Pennsylvania Berks County Reading 19602 District 8

1605 Perkiomen Ave, Reading, PA

This home is located at 1605 Perkiomen Ave, Reading, PA 19602 since 16 January 2020. This property was built in 1923. 1605 Perkiomen Ave is a home located in Berks County with nearby schools including 16th & Haak Elementary School, Central Middle School, and Reading Senior High School.

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