1372 Perkiomen Ave, Reading, PA 19602

Very large Victorian 2 unit in very good condition with many recent updates including new 200 AMP electric service with separate 100 AMP breaker panels, replacement windows and newer roof. There is a commercial coin operated washer & dryer for tenant use in the clean, dry basement that will remain. The small electric water heater is for the laundry and paid for the owner. There is a covered front porch and covered rear 2nd floor balcony accessible from the 2nd floor rear BR of unit 1. Nice fenced rear yard. Unit 1 - 1st fl and 2nd fl rear has 4 rooms, 2 private BRS - 1 on the main level and 1 on the 2nd fl rear, living/dining combo with hardwood floor, eat-in kitchen with ceramic tiled, bath with tile, electric cooking, electric baseboard heat, electric hot water heater all tenant paid, 2nd fl rear balcony, rent is $700 on a M/M basis. Tenant vacating in October. Unit 2 - 2nd & 3rd fl has 5 rooms, 3 BRS, living room, kitchen, bath. 1 private BR on the 2nd floor and 2 on the 3rd fl with 1 private, gas cooking, gas heat and gas hot water all paid by the tenant, rented for $795 on a M/M basis. Total income: $17,940. Expenses: $4,167. Net Income: $13,773. Expenses breakdown: Taxes: $2,281. Insurance: $615. W/S/T/R: $909. Owner's Electric: $262. Permits: $100. Cap Rate 12%. Excellent investment opportunity or perfect for an owner occupant to offset living expenses.