Skip To Content

1611 Perkiomen Ave

READING, PA 19602
  • $159,900
  • STATUS: Active
  • ON SITE: 95 Days
  • ID#: PABK2003848
UPDATED: 18 min ago
$159,900
  • 4
    BEDS
  • 0.04
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 2,671
    SQFT
  • $60
    $/SQFT
Neighborhood:
Type:
Villa/Townhouse
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.

Monthly Payment Calculator



©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 Lux Living Group | eXp Realty. 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: 2021-12-01T15:53:03.187.
www.luxlivinggroup.com/homes/120898787
Print Image

1611 Perkiomen Ave READING, PA 19602

  • Price: $159,900
  • Status: Active
  • On Site: 95 Days
  • Updated: 18 min ago
  • ID#: PABK2003848
4
Beds
3
Baths
0
½ Baths
0.04
Acres
2,671
SQFT
$60
$/SQFT
1923
Built
Neighborhood:
Mount Penn Heights
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 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 Basement YN No Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling None Fireplaces Total 0 Heating Baseboard - Electric Heating YN Yes Levels 3 Main Level Bedrooms 1 Pets Allowed No Pet Restrictions Security Features Smoke DetectorCarbon Monoxide Detector(S) Upper Level1 Bedrooms 2

Property Features

Acceptable Financing CashConventionalFhaVa Accessibility Features None Assessment Year 2021 Association YN No Central Air YN No Condo YN No Cooling Fuel None Cross Street South 16th Street Entry Level 1 Federal Flood Zone YN No Heating Fuel Electric Hot Water ElectricNatural Gas Municipality Reading City Navigable Water YN N New Construction YN No Original MLSNumber 800995223562 Ownership Interest Fee Simple Pets Allowed YN Yes Possession 0-30 Days CdSettlement Sale Type Standard Senior Community YN No 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 30000.00 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 Zoning Description See Agent Remarks

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 Lux Living Group | eXp Realty. 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: 2021-12-01T15:53:03.187.
 
https://bt-photos.global.ssl.fastly.net/brightmls/orig_boomver_1_800995223562-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/orig_boomver_1_800995223562-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/orig_boomver_1_800995223562-2.jpg
Logo
Lux Living Group | eXp Realty
1848 N Hancock, Ste C
Philadelphia PA, 19122