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    1611 Perkiomen Ave

    READING, PA 19602
    • $159,900
    • STATUS: Active
    • ON SITE: 30 days
    • MLS #: PABK2003096
    Price Reduced
    UPDATED: 216 min ago
    $159,900
    • 0
      BEDS
    • 0.04
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,671
      SQFT
    • $60
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1923
    County:

    School Information

    High School:
    School District:

    Description

    Triplex TURN-KEY opportunity on a tree lined street on the Eastern edge of the city limits. 3-unit ideal for an owner occupant or investor looking to start/add to a portfolio. Excellent CAP rate! High income producing triplex with extremely low bills & great POSITIVE cash-flow. Very low maintenance with great on-time paying tenants in place. Rent income produces $1,946 positive cash-flow per month & $23K+ per year after all expenses! Each unit pays for their own heat, hot water, electricity & cooking. Owner pays ONLY Water/Sewer/Trash/Insurance ($3,408/year) & Taxes ($3,231/year). Unit 1 (1BR) occupied $850/mo ($10,200/year). Unit 2 (2BR) vacant $1,000/mo ($12,000/year). Unit 3 (1BR) occupied $650/mo ($7,800/year). Profit & Loss Math: $10,200+$12,000+$7,800=$30,000-$3,408-$3,231=$23,361 Positive Cash flow.

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    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Kiliszek Real Estate Experts | Keller Williams Midtown Direct. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-09-26T17:50:06.643.
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    1611 Perkiomen Ave READING, PA 19602

    • Price: $159,900
    • Status: Active
    • Updated: 216 min ago
    • MLS #: PABK2003096
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.04
    Acres
    2,671
    SQFT
    $60
    $/SQFT
    1923
    Built
    Neighborhood:
    Reading City (10201)
    County:
    Berks
    Area:
    Reading City (10201)
    High School:
    Reading Senior
    School District:
    Reading
    Property Description
    Triplex TURN-KEY opportunity on a tree lined street on the Eastern edge of the city limits. 3-unit ideal for an owner occupant or investor looking to start/add to a portfolio. Excellent CAP rate! High income producing triplex with extremely low bills & great POSITIVE cash-flow. Very low maintenance with great on-time paying tenants in place. Rent income produces $1,946 positive cash-flow per month & $23K+ per year after all expenses! Each unit pays for their own heat, hot water, electricity & cooking. Owner pays ONLY Water/Sewer/Trash/Insurance ($3,408/year) & Taxes ($3,231/year). Unit 1 (1BR) occupied $850/mo ($10,200/year). Unit 2 (2BR) vacant $1,000/mo ($12,000/year). Unit 3 (1BR) occupied $650/mo ($7,800/year). Profit & Loss Math: $10,200+$12,000+$7,800=$30,000-$3,408-$3,231=$23,361 Positive Cash flow.
    Exterior Features

    Architectural Style Victorian Construction Materials BrickStoneMasonry Exterior Features Exterior LightingSidewalksStreet Lights Garage YN No Location Type Urban Lot Features Front YardRear Yard Other Structures Above GradeBelow Grade Parking Types On Street Patio And Porch Features Porch(Es)Roof Pool No Pool Property Condition Excellent Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Above Grade Fin SQFT 2671 Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling None Fireplaces Total 0 Heating Baseboard - Electric Heating YN Yes Security Features Smoke DetectorCarbon Monoxide Detector(S) Single Room Units 0 Three Bedroom Units 0 Two Bedroom Units 1

    Property Features

    Acceptable Financing CashConventionalFhaUsdaVa Accessibility Features None Assessment Year 2021 Association YN No Central Air YN No Cooling Fuel None Cross Street South 16th Street Existing Lease Type Month To Month Green Remarks Please See Presentation Of OffersPlease Review The Docs Uploaded Here. All Questions Are Answered There. Although Springer Typically Offers Escrow ServicesAs The Listing AgentI Am Not Offering Escrow Services On This Listing. Springer Realty Group Broker Number: Ro301482. Gregory Martire License Number 225353. Gross Income 30000.00 Heating Fuel Electric Hot Water ElectricNatural Gas Insurance Expense 109.00 Municipality Reading City Navigable Water YN N New Construction YN No Number Of Units Leased 2 Number Of Units Total 3 Number Of Units Vacant 1 Original MLSNumber 800952206266 Owner Pays InsuranceSewerTaxes - Real EstateWaterTrash Collection Ownership Interest Fee Simple Possession 0-30 Days CdSettlement Property Sub Type Triplex Sale Type Standard Sewer Public Sewer Structure Design Type Interior Row/Townhouse Tax Annual Amount 3231.00 Tax Assessment Amount 73900.00 Tax Lot 0237 Total Actual Rent 18000.00 Transportation Airport Less Than 10 MilesBus Stop Less Than 1 MileCommuter Lots Less Than 5 MilesCommuter Rail Station 1 To 5 Miles Vacation Rental YN No Water Source Public Zoning Res

    Listing courtesy of Springer Realty Group.


    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Kiliszek Real Estate Experts | Keller Williams Midtown Direct. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-09-26T17:50:06.643.
     
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