1513 Perkiomen Ave, Reading, PA 19602

Fantastic King Size brick semi-detached fully occupied 3 unit with all spacious units and great floor plans featuring private BRS in all the units. Building total square footage is approximately 3500 SQFT with nearly 1200 SQFT per unit. All electric building with electric baseboard heat all paid for by the tenants. The owner pays for water/sewer/trash/recycling. Total annual income: $24,600. Total expenses: $6,028. Net Operating Income: $18,572. CAP RATE: 15%. Expenses breakdown: Taxes: $2,346. Insurance: $456. Water/Sewer: $1,782. Trash/Recycling: $996. Electric: $348. Permits: $100. Unit 1 - 1st Floor has 4 Rooms, 2 BRS, wood, laminate & vinyl floors, spacious modern kitchen, some replacement windows, rented for $725/month. Unit 2 - 2nd Floor has 4 Rooms, 2 BRS, hardwood, laminate & vinyl floors, some replacement windows, rented for $675/month. Unit 3 - 3rd Floor has 5 Rooms, 3 BRS, Carpet, vinyl & laminate floors, some replacement windows, rented for $650/month. Huge basement provides additional possibilities for coin operated laundry or storage. Dual 200 AMP service lines with newer breaker panels. 3 Electric water heaters. Very large yard. Covered front porch and rear balcony. The building sits high off the street providing additional privacy and security. All units are very clean and nicely maintained with very good tenants! This is a must have property for your investment portfolio. Well priced and will not last in this hot real estate market with very little inventory. Note: The actual building in the main photo is to the left behind the trees.