Sean Devine, CRS SRS
Date 11/23/2020

1541 Perkiomen Avenue
Reading, PA 19602

Acre Lot
Courtesy: BHHS Homesale Realty- Reading Berks> Pennsylvania> Reading> 19602
These multi-units must be purchased together. 1541 is a large 2 unit. The first floor has a very large living room, dining room, kitchen and bath plus a back bedroom on the main level. Upstairs are 3 more bedrooms and a half bath. New tenant moves in on 9/1/2020. Rent is 1000 and a yearly lease. Section 8. The second floor rear unit is a 1 bedroom, yearly lease and is 750 a year due to additional pet fee. Owner pays w/t/s. Cap rate is 13.7%!! 1543 is a 3 unit. This building has very low taxes. The first floor unit has a bedroom, living room, dining room and kitchen on the main level and 2 bedrooms and a bath on the second level. The first floor rear unit is a 1 bedroom and the second floor rear is a 1 bedroom. All leases are yearly. All rents are up to date. Both buildings have electric heat. There is a large back yard and an outbuilding that used to be a 1 car detached garage. There is potential to take it down and put a parking pad there easily for at least 2 cars to increase the value of the building and rents. 2 tenants are Section 8. There is an alley behind the building. Owner pays w/t/s. Cap rate is 13.40. Schedule your private showing today. 1541 and 1543 must to bought together - reference mls # PABK362088 for additional information and price for 1543 - additional photos to follow.
Duplex, Other
0.08 Acres
Other, Public Water Service
Public Sewer
The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100

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