$200,000
$225,000
11.1%For more information regarding the value of a property, please contact us for a free consultation.
2,637 SqFt
SOLD DATE : 04/22/2024
Key Details
Sold Price $200,000
Property Type Single Family Home
Sub Type Twin/Semi-Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,637 sqft
Price per Sqft $75
Subdivision None Available
MLS Listing ID PABK2036968
Sold Date 04/22/24
Style Converted Dwelling
Abv Grd Liv Area 2,637
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $2,330
Tax Year 2023
Lot Size 3,484 Sqft
Acres 0.08
Lot Dimensions 0.00 x 0.00
Property Description
Discover a fantastic investment opportunity at 1511 Perkiomen Ave, Reading, Pennsylvania. This multi-unit property offers three income-generating units, making it an excellent choice for both seasoned investors looking to expand their portfolio and newcomers to the world of real estate investment. With three diverse units, it generates a total annual rental income of $26,580, providing a stable and diversified cash flow that's attractive to investors. Tenants are on month-to-month leases, offering flexibility for new ownership. The property's unique feature is that tenants are responsible for their electric bills, which also serves as the heating source, reducing operational expenses. Located in the charming community of Reading, PA, it offers convenient access to local amenities, schools, and transportation. Whether you're an experienced real estate investor looking to expand your portfolio or someone looking to enter real estate investment, 1511 Perkiomen Ave is the ideal opportunity to secure your financial future through real estate. Don't miss out on this lucrative investment; contact us today to schedule a viewing and take the first step toward real estate investment success. Opportunities like this one tend to go quickly, so act fast!
Location
State PA
County Berks
Area Reading City (10201)
Zoning R3
Rooms
Basement Full, Unfinished, Outside Entrance
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling None
Flooring Wood, Fully Carpeted, Vinyl
Fireplace N
Heat Source Electric
Exterior
Utilities Available Cable TV Available
Water Access N
Roof Type Pitched
Accessibility None
Garage N
Building
Foundation Stone
Sewer Public Sewer
Water Public
Architectural Style Converted Dwelling
Additional Building Above Grade, Below Grade
New Construction N
Schools
High Schools Reading Senior
School District Reading
Others
Tax ID 16-5316-31-38-4412
Ownership Fee Simple
SqFt Source Estimated
Security Features Security Gate
Acceptable Financing Conventional, FHA, Cash
Listing Terms Conventional, FHA, Cash
Financing Conventional,FHA,Cash
Special Listing Condition Standard
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Bought with Fernando Hernandez • EXP Realty, LLC
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
4 Park Plaza Suite 200B, WYOMISSING, Pennsylvania, 19610, USA