NOT LISTED FOR SALE

1620 Perkiomen Ave Reading, PA 19602

18th and Cotton Neighborhood
-- Bed
2 Baths
1,931 Sq Ft
1,742 Sq Ft Lot

Last Sold July 22, 2019

Last sale price $89,000 $46 Per Sq Ft

40 Days on Market

Highlights

  • Wood Flooring
  • Porch
  • Level Lot
  • No HOA
  • Electric Baseboard Heater
  • 2-minute walk to 16th & Haak Playground

About This Home

As of July 2019

Looking for a nice , large, income producing 2 unit?A fresh and bright newly painted porch and being well maintained makes this is a great building to add to or start your portfolio. Take a look at the first floor , currently being used as a 2 bedroom , public records says 1, there is a bedroom on the upper level. The rooms are huge, lovely living room space nice kitchen, private bath off kitchen and a flat yard . The second unit is a 3 bedrooms, also have great room sizes. The taxes are good. The first floor pays 675, the second unit pays 670. The total expenses are 3916 with income of 16,140. Cap rate is a very good 12.34% This building is located close to bus transportation, shopping, parks, and schools. Schedule an appointment I think you will like what you see.

Last Agent to Sell the Property

Lorraine Guthier

Iron Valley Real Estate of Berks Listed on: 05/08/2019

Iron Valley Real Estate of Berks

Last Buyer's Agent

Lorraine Guthier

Iron Valley Real Estate of Berks Listed on: 05/08/2019

Iron Valley Real Estate of Berks

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,766

Year Built

  • Built in 1900

Lot Details

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

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Converted Dwelling
  • Brick Exterior Construction
  • Stone Foundation

Interior Spaces

  • 1,931 Sq Ft Home
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Partially Carpeted
  • Laminate

Outdoor Features

  • Porch

Utilities

  • Heating System Uses Oil
  • Electric Baseboard Heater
  • 100 Amp Service
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 0079
  • Assessor Parcel Number 16-5316-32-48-0079

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • 3-Story Building

Building Details

  • Net Operating Income $3,916

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,766

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Converted Dwelling
  • Ownership: Fee Simple
  • Inclusions: Appliances
  • New Construction: No
  • Year Built: 1900
  • Remarks Public: Looking for a nice , large, income producing 2 unit?A fresh and bright newly painted porch and being well maintained makes this is a great building to add to or start your portfolio. Take a look at the first floor , currently being used as a 2 bedroom , public records says 1, there is a bedroom on the upper level. The rooms are huge, lovely living room space nice kitchen, private bath off kitchen and a flat yard . The second unit is a 3 bedrooms, also have great room sizes. The taxes are good. The first floor pays 675, the second unit pays 670. The total expenses are 3916 with income of 16,140. Cap rate is a very good 12.34% This building is located close to bus transportation, shopping, parks, and schools. Schedule an appointment I think you will like what you see.
  • Special Features: None

Interior Features

  • Flooring Type: Hardwood, Laminated, Partially Carpeted
  • Foundation Details: Stone
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 1931
  • Living Area Sq Ft: 1931
  • Price Per Sq Ft: 49.66
  • Above Grade Finished Sq Ft: 1931
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1620

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: Oil, Electric
  • Heating Type: Baseboard - Electric
  • 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 Features: Level
  • Lot Size Acres: 0.04
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1742.00
  • Outdoor Living Structures: Porch(es)
  • Property Condition: Good
  • Year Assessed: 2019
  • Zoning: MULTI-UNIT

Rental Info

  • Vacation Rental: No

Tax Info

  • School Tax: 732.00
  • Tax Annual Amount: 1766.00
  • Assessor Parcel Number: 16-5316-32-48-0079
  • Tax Lot: 0079
  • Tax Total Finished Sq Ft: 1931
  • County Tax Payment Frequency: Annually
  • Tax Year: 2018
  • Close Date: 07/22/2019

Multi Family

  • Gross Income: 16140.00

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
07/22/2019 07/22/19 Sold $89,000 -7.2% $46 / Sq Ft
06/17/2019 06/17/19 Pending -- -- --
05/21/2019 05/21/19 Price Changed $95,900 -3.1% $50 / Sq Ft
05/08/2019 05/08/19 For Sale $99,000 +277.9% $51 / Sq Ft
10/16/2015 10/16/15 Sold $26,200 -24.5% $14 / Sq Ft
09/28/2015 09/28/15 Pending -- -- --
08/25/2015 08/25/15 For Sale $34,680 -- $18 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Lorraine Guthier

    Seller's Agent in 2019

    Lorraine Guthier

    Iron Valley Real Estate of Berks

    (484) 336-6378

    1 in this area

    95 Total Sales

    Section Image
  • Israel Gonzalez

    Seller's Agent in 2015

    Israel Gonzalez

    Atlas Land and Homes

    (610) 914-6203

    2 in this area

    126 Total Sales

    Section Image
  • Mayleene DeFreece

    Seller Co-Listing Agent in 2015

    Mayleene DeFreece

    Simple Realty

    (484) 818-0036

    17 Total Sales

    Section Image
  • Michael Flammer

    Buyer's Agent in 2015

    Michael Flammer

    Iron Valley Real Estate of Berks

    (484) 450-8771

    1 Total Sale

    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: PABK341050

Bright MLS

APN: 5316-32-48-0079

Pennsylvania Berks County Reading 19602 18th and Cotton

1620 Perkiomen Ave, Reading, PA

This home is located at 1620 Perkiomen Ave, Reading, PA 19602 since 08 May 2019. This property was built in 1900. 1620 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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