Investments Sales Management

1500 PERKIOMEN AVENUE

READING , PA 19602

MLS#: PABK2051396

$649,999

Status: Closed
Listing number: PABK2051396
Listing provided by: Keller Williams Real Estate-Montgomeryville
Listing agent phone: None
Last update: 9 months ago
On site: 1 year, 19 days ago
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1900

Sq.Footage

N/A

CALLING INVESTORS! This is a 10 CAP property with room to grow! You can be cash positive FIRST YEAR! The return on this property is significant with a superior return on investment. With the opportunity to increase an already exceptional rent roll. This 6 unit building features many long term tenants and has a solid rental history. 1st flr is a 5bd full floor unit that will be increasing its rent to $2224 in January. Unit 2E (vacant) - $1200 (HUD approved $1452 also beginning January). Unit 2W - $1200. Unit 3E - $700. Unit 3W - $1200. Unit 4R - $1000. Total Rent Roll as of January 2025 - $7524 ($7776 with HUD tenant). Total 2025 Rental Income - $93.312 Total Expenses - $25,975. (incl. taxes, insurance, pest, water, sewer, trash, heat, house electric) Net - $67,337 Landlord currently pays for water, sewer, trash, and heat. Units are all separately metered for electric. Separate water meters have been added to most units to allow for tenants to pay their own water but current owner has not utilized them. All leases are being signed or have been transitioned to month to month for a smooth transition to the new owner(s). Showings are limited and will be bundled when possible to limit tenant inconveniences. DO NOT VISIT THE PROPERTY WITHOUT AUTHORIZATION! Please respect the privacy of the current tenants.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Window Unit(s), Electric

  • Heating YN

    YES

  • Heating

    Natural Gas, Hot Water

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Block, Stone

  • Parking

    On Street

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.09

  • Property Type

    Commercial Sale

Price

  • Sales Price

    $649,999

  • Tax Amount

    4001.0

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    READING

Property Features

  • Sewer

    Public Sewer

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READING

Listing Courtesy of John B. Trigg III , Keller Williams Real Estate-Montgomeryville

RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Agent TheresaKehler

Owner, President, Investment Property Advisor

TheresaKehler

Call Theresa today to schedule a private showing.

(215) 605-9647

theresa@tntrealestatesolutions.com


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CALLING INVESTORS! This is a 10 CAP property with room to grow! You can be cash positive FIRST YEAR! The return on this property is significant with a superior return on investment. With the opportunity to increase an already exceptional rent roll. This 6 unit building features many long term tenants and has a solid rental history. 1st flr is a 5bd full floor unit that will be increasing its rent to $2224 in January. Unit 2E (vacant) - $1200 (HUD approved $1452 also beginning January). Unit 2W - $1200. Unit 3E - $700. Unit 3W - $1200. Unit 4R - $1000. Total Rent Roll as of January 2025 - $7524 ($7776 with HUD tenant). Total 2025 Rental Income - $93.312 Total Expenses - $25,975. (incl. taxes, insurance, pest, water, sewer, trash, heat, house electric) Net - $67,337 Landlord currently pays for water, sewer, trash, and heat. Units are all separately metered for electric. Separate water meters have been added to most units to allow for tenants to pay their own water but current owner has not utilized them. All leases are being signed or have been transitioned to month to month for a smooth transition to the new owner(s). Showings are limited and will be bundled when possible to limit tenant inconveniences. DO NOT VISIT THE PROPERTY WITHOUT AUTHORIZATION! Please respect the privacy of the current tenants.

1500 PERKIOMEN AVENUE

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