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Dashboard
- $650k Price
- 5,500 Sqft
- .09 Acres
- 38 DOM
1500 Perkiomen Ave
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.
Essential Information
- MLS® #PABK2051396
- Price$649,999
- Bathrooms0.00
- Square Footage5,500
- Acres0.09
- Year Built1900
- TypeCommercial Sale
- Sub-TypeFive Or More Units
- StatusPending
Community Information
- Address1500 Perkiomen Ave
- AreaReading City (10201)
- CityREADING
- CountyBERKS-PA
- StatePA
- MunicipalityREADING CITY
- Zip Code19602
Interior
- HeatingHot Water
- CoolingWindow Unit(s)
Exterior
- ExteriorBlock, Stone
- RoofShingle, Flat
School Information
- DistrictREADING
- HighREADING
Additional Information
- Date ListedDecember 2nd, 2024
- Days on Market38
- ZoningMIX
Listing Details
- Office Contact(215) 631-1900
Office
Keller Williams Real Estate-Montgomeryville
Price Change History for 1500 Perkiomen Ave, READING, PA (MLS® #PABK2051396)
| Date | Details | Price | Change |
|---|---|---|---|
| Pending | – | – | |
| Active (from Coming Soon) | – | – |
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Listing information last updated on February 1st, 2025 at 6:05am CST.