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!
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
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#: PABK2036968

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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