1337 Perry St, Reading, PA 19604

Hampden Heights semi-detached 3 unit in overall good condition but in need of some TLC. Property sits at the corner of Perry & N. 14th Streets. Unit 1, 1st floor front is an efficiency unit in need of rehab and updating, 30 year tenant paying $480/month. Gas cooking & gas hot water, basement access with laundry. Unit 2, 1st floor front has 3 rooms, 1 BR, 15 year tenant paying $655/month, gas cooking & gas hot water, hardwood floors, beautiful stained glass windows, basement access with laundry. Unit 3, 2nd & 3rd floors has 6 rooms, 3 BRS, laundry room, hardwood & laminate floors, gas cooking & gas hot water, rented for $600/month. Owner pays for gas heat, water, sewer, trash & recycling. 200 AMP service. Separate meters for gas & electric. Heat: $2400. W/S/T/R: $3000. Insurance: $1200. Total yearly rent: $20,820. Total expenses: $10,378. Net income: $10,442. Cap rate: 9.00%. Excellent location near Albright College. Must sell to settle Estate. Being sold AS IS.