Looking for an investment property ? Do you want residual income without physical labor? Buy this fully occupied 2 unit with a 13.25 CAP rate. The first floor unit pays 625, has a year lease, is electric heat , good condition. The second floor unit is Section 8 approved, rent is 835, a yearly lease, has gas heat and in good condition. Owner pays for water, trash, sewer. Start generating income from day one, make an appointment to see this 2 unit today!
Off market
$37,800
1605 Perkiomen Ave, Reading, PA 19602
--beds
0baths
2,391sqft
MultiFamily
Built in 1923
-- sqft lot
$-- Zestimate®
$16/sqft
$1,281 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Baseboard, Electric
Cooling
- None
Appliances
- Included: Range / Oven, Refrigerator
Features
- Flooring: Carpet, Hardwood
- Basement: Y
Interior area
- Total interior livable area: 2,391 sqft
Property
Features
- Exterior features: Stone
Lot
- Size: 1,742 sqft
Details
- Parcel number: 16531632389288
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
Materials
- masonry
- Roof: Metal
Condition
- Year built: 1923
Community & neighborhood
Location
- Region: Reading
Other
Other facts
- HeatingYN: true
- NumberOfUnitsTotal: 2
- ConstructionMaterials: Stone
- NumberOfUnitsInCommunity: 2
- ArchitecturalStyle: Traditional
- SpecialListingConditions: Standard
- ParkingFeatures: On Street
- StructureType: Row/Townhouse
- Heating: Baseboard - Electric
- Basement: Y
- MlsStatus: Active