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1361 PERKIOMEN AVENUE

READING , PA 19602

MLS#: PABK2061728

$474,990

Status: Active
Listing number: PABK2061728
Listing provided by: Capstone Commercial
Listing agent phone: None
Last update: 13 days ago
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Property

Beds

6

Full Baths

None

1/2 Baths

None

Year Built

1931

Sq.Footage

4,750

Don’t miss out on this well maintained 5-unit multifamily property. The income is currently strong, with room to grow rents. Since the property is in very good condition with nice updates, the property will easily gather higher rents. Some tenants have been in place for many years, which provides strong stability for a new owner. The generous sized lot provides off street parking for tenants, which is a big bonus in this area. This 5 Unit property has (4) 1 bedroom units and (1) 2 bedroom/ 1.5 bath unit. The residents show pride in their homes and the property is very well maintained, with a quiet escape in the backyard. The roof was put on in 2012, and each unit has central AC and heat pump. There are 5 electric hot water heaters with each tenant paying for their own. The property features beautiful historical touches, while benefiting for all recent updates. There is very solid rent growth upside, along with opportunity to install coin op laundry and charge for parking. The tenants all pay for their own electric, and landlord covers trash, sewer and water.

Features & Amenities

Interior

  • Total Bedrooms

    6

  • Bathrooms

    N/A

  • Above Grade Finished Area

    4750.0

  • Basement YN

    YES

  • Cooling YN

    NO

  • Cooling

    Other

  • Fireplace YN

    NO

  • Heating YN

    NO

  • Heating

    Natural Gas, None

  • Pet friendly

    No

Exterior

  • Garage

    No

  • Construction Materials

    Brick

  • Parking

    Parking Lot

  • Pool

    Yes

  • Pool Features

    None

  • Waterfront YN

    NO

Area & Lot

  • Property Type

    Residential Income

  • Property Sub Type

    Multi Family

  • Architectural Style

    Other

Price

  • Sales Price

    $474,990

  • Tax Amount

    5174.0

  • Sq. Footage

    4, 750

  • Price/SqFt

    $99

HOA

  • Association

    NO

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    3

  • Foundation Details

    Other

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

  • Tax Lot

    8653

  • Water Source

    Other

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Middle School

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Listing Courtesy of Naomi E Brown , Capstone Commercial

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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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Don’t miss out on this well maintained 5-unit multifamily property. The income is currently strong, with room to grow rents. Since the property is in very good condition with nice updates, the property will easily gather higher rents. Some tenants have been in place for many years, which provides strong stability for a new owner. The generous sized lot provides off street parking for tenants, which is a big bonus in this area. This 5 Unit property has (4) 1 bedroom units and (1) 2 bedroom/ 1.5 bath unit. The residents show pride in their homes and the property is very well maintained, with a quiet escape in the backyard. The roof was put on in 2012, and each unit has central AC and heat pump. There are 5 electric hot water heaters with each tenant paying for their own. The property features beautiful historical touches, while benefiting for all recent updates. There is very solid rent growth upside, along with opportunity to install coin op laundry and charge for parking. The tenants all pay for their own electric, and landlord covers trash, sewer and water.

1361 PERKIOMEN AVENUE

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