1350 Perkiomen Ave, Reading, PA 19602

Huge Victorian brick 3 unit plus a huge 4 car garage fully rented with long term tenants. All units are very spacious and all with in unit washer & dryer. Unit 1, 1st floor has 5 rooms, 2 BRS, hardwood floor, all electric heat, hot water & cooking and all paid by the tenant, rented for $805/month by a 3 year tenant. Unit 2, 2nd floor has 5 rooms, 2 Private BRS, hardwood floor, all electric baseboard heat, hot water, cooking all paid by tenant, rented for $750/month by a 3 year tenant. Unit 3, 3rd floor has 4 rooms, 2 private BRS, Gas hot water heat, gas hot water and electric cooking all paid by tenant, rear deck with awesome 270 degree views, rented for $745/month by a Section 8 tenant. The huge 4 car garage is rented for $250/month and has a front and side entrance. 200 AMP electric main with 4 - 100 AMP breaker panels. Hardwired smoke detectors in the common areas. Covered and side composite front porch. Total annual income $30,600. Total expenses $4,786. Taxes: $2,449. Insurance: $489. Electric: $348. W/S-Trash-Recycling: $1500. Net income: $25,814. Cap Rate 21%. Fantastic money making investment property in need of some work but still a good buy! Being sold AS IS!