1611 Perkiomen Ave

Reading PA 19602

2671 sq. ft.

1742 sq. ft.

Duplex

Currently for sale - view listing

Overview

Triplex 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. Potential Rent income produced $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) vacant last occupant paid $850/mo ($10,200/year). Unit 2 (2BR) vacant $1,000/mo ($12,000/year). Unit 3 (1BR) vacant last occupant paid $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.

Features

3 bedrooms

2671 sq. ft. floor area

1742 sq. ft. lot size

Duplex

Property history for 1611 Perkiomen Ave

2020

Sold

$113,750

12 Jun 2020 by Tim Bisbano, of Pagoda Realty

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