NOT LISTED FOR SALE

1618 Perkiomen Ave Reading, PA 19602

18th and Cotton Neighborhood
-- Bed
1 Bath
1,786 Sq Ft
1,742 Sq Ft Lot

Last Sold July 10, 2020

Last sale price $116,500 $65 Per Sq Ft

68 Days on Market

Highlights

  • Traditional Architecture
  • Hot Water Heating System
  • 2-minute walk to 16th & Haak Playground
  • No HOA

About This Home

As of July 2020

Great investment opportunity. The first floor is a 2 bdrm , the second unit is a 2 bdrm and the 3rd unit is a 1 bdrm. Total income is 20,880. Expenses are taxes, insurance, electric-(common), W/T/S and gas. Expenses total 6, 200 for a NOI of 14,640. This building has low taxes. The front of the building has been freshly painted and the bilco door was replaced and painted. The basement is dry and clean., 24 + hour notice will be required. Agent working on photos/virtual tour for potential interested buyers. Leases will be provided as well as health and safety cert to qualified serious buyers.

Last Agent to Sell the Property

Lorraine Guthier

Iron Valley Real Estate of Berks Listed on: 03/28/2020

Iron Valley Real Estate of Berks

Last Buyer's Agent

Jodi Brick

BHHS Homesale Realty- Reading Berks License #RS286148

BHHS Homesale Realty- Reading Berks

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,744

Year Built

  • Built in 1920

Lot Details

  • 1,742 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Traditional Architecture
  • Brick Exterior Construction

Interior Spaces

  • 1,786 Sq Ft Home
  • Basement Fills Entire Space Under The House

Utilities

  • Hot Water Heating System
  • 100 Amp Service
  • Electric Water Heater

Listing and Financial Details

  • The owner pays for insurance, sewer, trash collection, water
  • Tax Lot 0059
  • Assessor Parcel Number 16-5316-32-48-0059

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Income includes apartment rentals

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,744

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Exclusions: Tenants Personal Property
  • Inclusions: Appliances
  • New Construction: No
  • Expected On Market: 2020-03-28
  • Year Built: 1920
  • Remarks Public: Great investment opportunity. The first floor is a 2 bdrm , the second unit is a 2 bdrm and the 3rd unit is a 1 bdrm. Total income is 20,880. Expenses are taxes, insurance, electric-(common), W/T/S and gas. Expenses total 6, 200 for a NOI of 14,640. This building has low taxes. The front of the building has been freshly painted and the bilco door was replaced and painted. The basement is dry and clean., 24 + hour notice will be required. Agent working on photos/virtual tour for potential interested buyers. Leases will be provided as well as health and safety cert to qualified serious buyers.
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 1786
  • Living Area Sq Ft: 1786
  • Price Per Sq Ft: 66.63
  • Above Grade Finished Sq Ft: 1786
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1618

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Roof: Unknown
  • 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: Natural Gas
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Electric
  • 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

  • Land Use Code: 138R
  • Lot Size Acres: 0.04
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1742.00
  • Year Assessed: 2020
  • Zoning: MULTI-UNIT

Rental Info

  • Existing Lease Type: Yearly
  • Owner Pays: Insurance, Sewer, Trash Collection, Water
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • School Tax: 723.00
  • Tax Annual Amount: 1744.00
  • Assessor Parcel Number: 16-5316-32-48-0059
  • Tax Lot: 0059
  • Tax Total Finished Sq Ft: 1786
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 07/10/2020

Multi Family

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

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
07/10/2020 07/10/20 Sold $116,500 0.0% $65 / Sq Ft
06/05/2020 06/05/20 Pending -- -- --
06/04/2020 06/04/20 Off Market $116,500 -- --
03/28/2020 03/28/20 For Sale $119,000 -- $67 / 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

    1 in this area

    95 Total Sales

    Section Image
  • Jodi Brick

    Buyer's Agent in 2020

    Jodi Brick

    BHHS Homesale Realty- Reading Berks

    (484) 678-5325

    67 Total Sales

    Section Image
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Map

Source: Bright MLS

MLS Number: PABK356628

Bright MLS

APN: 5316-32-48-0059

Pennsylvania Berks County Reading 19602 18th and Cotton

1618 Perkiomen Ave, Reading, PA

This home is located at 1618 Perkiomen Ave, Reading, PA 19602 since 28 March 2020. This property was built in 1920. 1618 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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