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!
Sold for $200,000
$200,000
1511 Perkiomen Ave, Reading, PA 19602
3beds
3baths
2,637sqft
Multi Family
Built in 1900
-- sqft lot
$-- Zestimate®
$76/sqft
$1,261 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,261/mo
Zestimate® history
Owner options
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$1,261/mo
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$1,261/mo
Rent Zestimate®
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$1,400/mo
Est. payment
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$1,400/mo
Est. payment
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List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Taj Simmons 484-794-3080,
EXP Realty, LLC,
Listing Team: The Taj Simmons Team
Bought with:
Fernando Hernandez, rs339935
EXP Realty, LLC
Source: Bright MLS,MLS#: PABK2036968
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
Basement
- Area: 0
Heating
- Baseboard, Electric
Cooling
- None
Appliances
- Included: Electric Water Heater
Features
- Flooring: Wood, Carpet, Vinyl
- Basement: Full,Unfinished,Exterior Entry
- Has fireplace: No
Interior area
- Total structure area: 2,637
- Total interior livable area: 2,637 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Exterior features: Sidewalks, Street Lights
- Pool features: None
Lot
- Size: 3,484 sqft
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 16531631384412
- Zoning: R3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Other
- Foundation: Stone
- Roof: Pitched
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Electric: 200+ Amp Service, Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available
Community & neighborhood
Security
- Security features: Security Gate
Location
- Region: Reading
- Subdivision: None Available
- Municipality: READING CITY
HOA & financial
Other financial information
- Total actual rent: 26580
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Income includes: Apartment Rentals
- Listing terms: Conventional,FHA,Cash
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 4/22/2024 | Sold | $200,000-11.1%$76/sqft |
Source:  Bright MLS #PABK2036968 Report a problem | ||
| 12/21/2023 | Pending sale | $225,000$85/sqft |
Source: Bright MLS #PABK2036968 Report a problem | ||
| 11/11/2023 | Listed for sale | $225,000+150%$85/sqft |
Source: Bright MLS #PABK2036968 Report a problem | ||
| 2/2/2019 | Listing removed | $90,000$34/sqft |
Source: RE/MAX OF READING #PABK101978 Report a problem | ||
| 2/2/2019 | Listed for sale | $90,000$34/sqft |
Source: RE/MAX OF READING #PABK101978 Report a problem | ||
| 2/1/2019 | Sold | $90,000$34/sqft |
Source: Public Record Report a problem | ||
| 12/3/2018 | Pending sale | $90,000$34/sqft |
Source: RE/MAX OF READING #PABK101978 Report a problem | ||
| 11/9/2018 | Listed for sale | $90,000+40.6%$34/sqft |
Source: RE/MAX Of Reading #PABK101978 Report a problem | ||
| 7/27/2005 | Sold | $64,000+42.2%$24/sqft |
Source: Public Record Report a problem | ||
| 1/23/2004 | Sold | $45,000+3990.9%$17/sqft |
Source: Public Record Report a problem | ||
| 3/18/2003 | Sold | $1,100 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,402 +1.5% | $53,300 |
| 2024 | $2,367 +1.6% | $53,300 |
| 2023 | $2,330 | $53,300 |
| 2022 | $2,330 | $53,300 |
| 2021 | $2,330 +1% | $53,300 |
| 2020 | $2,307 | $53,300 |
| 2019 | $2,307 | $53,300 |
| 2018 | $2,307 +0.7% | $53,300 |
| 2017 | $2,291 +75% | $53,300 |
| 2016 | $1,309 +8.7% | $53,300 |
| 2015 | $1,205 | $53,300 |
| 2014 | -- | $53,300 |
| 2013 | -- | $53,300 |
| 2012 | -- | $53,300 |
| 2011 | -- | $53,300 |
| 2010 | -- | $53,300 |
| 2009 | -- | $53,300 |
| 2008 | -- | $53,300 |
| 2007 | -- | $53,300 -19.7% |
| 2006 | -- | $66,400 |
| 2005 | -- | $66,400 |
| 2004 | -- | $66,400 |
| 2003 | -- | $66,400 |
| 2002 | -- | $66,400 |
Find assessor info on the county website
Neighborhood: 19602
Nearby schools
GreatSchools rating
- 2/10Sixteenth & Haak El SchoolGrades: PK-4Distance: 0.2 mi
- 3/10Central Middle SchoolGrades: 5-8Distance: 0.7 mi
- 1/10Reading Senior High SchoolGrades: 9-12Distance: 1.2 mi
Schools provided by the listing agent
- High: Reading Senior
- District: Reading
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Pennsylvania
- Berks County
- Reading
- 19602
- 1511 Perkiomen Ave
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