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Sold for $200,000 on 04/22/24
  • $200,000

    1511 Perkiomen Ave, Reading, PA 19602

    3beds
    3baths
    2,637sqft
    Multi Family
    Built in 1900
    -- sqft lot
    $214,400 Zestimate®
    $76/sqft
    $1,398 Estimated rent

    What's special

    Discover a fantastic investment opportunity at 1511 Perkiomen Ave, Reading, Pennsylvania. This multi-unit property offers three income-generating units, making it an excellent choice for both seasoned investors looking to expand their portfolio and newcomers to the world of real estate investment. With three diverse units, it generates a total annual rental income of $26,580, providing a stable and diversified cash flow that's attractive to investors. Tenants are on month-to-month leases, offering flexibility for new ownership. The property's unique feature is that tenants are responsible for their electric bills, which also serves as the heating source, reducing operational expenses. Located in the charming community of Reading, PA, it offers convenient access to local amenities, schools, and transportation. Whether you're an experienced real estate investor looking to expand your portfolio or someone looking to enter real estate investment, 1511 Perkiomen Ave is the ideal opportunity to secure your financial future through real estate. Don't miss out on this lucrative investment; contact us today to schedule a viewing and take the first step toward real estate investment success. Opportunities like this one tend to go quickly, so act fast!

    Zillow last checked: 7 hours ago

    Listing updated: July 15, 2024 at 04:09pm

    Listed by:

    Taj Simmons 484-794-3080,

    EXP Realty, LLC,

    Listing Team: The Taj Simmons Team

    Bought with:

    Fernando Hernandez, rs339935

    EXP Realty, LLC

    Source: Bright MLS,MLS#: PABK2036968MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    Basement
    • Area: 0
    Heating
    • Baseboard, Electric
    Cooling
    • None
    Appliances
    • Included: Electric Water Heater
    Features
    • Flooring: Wood, Carpet, Vinyl
    • Basement: Full,Unfinished,Exterior Entry
    • Has fireplace: No
    Interior area
    • Total structure area: 2,637
    • Total interior livable area: 2,637 sqft

    Property

    Parking
    • Parking features: On Street
    • Has uncovered spaces: Yes
    Accessibility
    • Accessibility features: None
    Features
    • Exterior features: Sidewalks, Street Lights
    • Pool features: None
    Lot
    • Size: 3,484 sqft
    Details
    • Additional structures: Above Grade, Below Grade
    • Parcel number: 16531631384412
    • Zoning: R3
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Other
    • Foundation: Stone
    • Roof: Pitched
    Condition
    • New construction: No
    • Year built: 1900

    Utilities & green energy

    • Electric: 200+ Amp Service, Circuit Breakers
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Available

    Community & neighborhood

    Security
    • Security features: Security Gate
    Location
    • Region: Reading
    • Subdivision: None Available
    • Municipality: READING CITY

    HOA & financial

    Other financial information
    • Total actual rent: 26580

    Other

    Other facts
    • Listing agreement: Exclusive Right To Sell
    • Income includes: Apartment Rentals
    • Listing terms: Conventional,FHA,Cash
    • Ownership: Fee Simple
    Services availability
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