1114 Perkiomen Ave, Reading, PA 19602

Large Victorian detached, fully occupied 4 unit building located in the Penn's Common Historical District. The building is well maintained and in overall good condition. Unit 1, 2nd floor rear, has 3 rooms, 1 BR, electric baseboard heat paid by tenant, gas cooking, rented for $510/month. Unit 2, 3rd floor rear, has 3 rooms, 1 BR, electric baseboard heat paid by tenant, gas cooking, rented for $500/month on the SAM Program which pays the majority of the rent. Unit 3, 1st floor rear, has 3 rooms, 1 BR, electric baseboard heat paid by tenant, gas cooking, Section 8 tenant paying $450/month. Unit 4, 1st, 2nd & 3rd floor front, has 6 rooms, 3 BRS, 2 Baths, gas cooking, rented for $795/month. 1 gas hot water heater for the 4 units paid by owner. Owner also pays for the gas for cooking for all the units. Most windows replaced. Nice front yard. Very nice income producing building. Cap Rate 14%. Great property to add to your investment portfolio.