1541 Perkiomen Ave, Reading, PA 19602

These multi-units must be purchased together. 1541 is a large 2 unit. The first floor has a very large living room, dining room, kitchen and bath plus a back bedroom on the main level. Upstairs are 3 more bedrooms and a half bath. New tenant moves in on 9/1/2020. Rent is 1000 and a yearly lease. Section 8. The second floor rear unit is a 1 bedroom, yearly lease and is 750 a year due to additional pet fee. Owner pays w/t/s. Cap rate is 13.7%!! 1543 is a 3 unit. This building has very low taxes. The first floor unit has a bedroom, living room, dining room and kitchen on the main level and 2 bedrooms and a bath on the second level. The first floor rear unit is a 1 bedroom and the second floor rear is a 1 bedroom. All leases are yearly. All rents are up to date. Both buildings have electric heat. There is a large back yard and an outbuilding that used to be a 1 car detached garage. There is potential to take it down and put a parking pad there easily for at least 2 cars to increase the value of the building and rents. 2 tenants are Section 8. There is an alley behind the building. Owner pays w/t/s. Cap rate is 13.40. Schedule your private showing today. 1541 and 1543 must to bought together - reference mls # PABK362088 for additional information and price for 1543 - additional photos to follow.