1500 Perkiomen Avenue, Reading, PA 19602 - Photo 1

1/1

$465,000

Sold
Closed
Multi-Family

1/1

Property Description

Welcome to opportunity in this updated brownstone apartment building! With six residential apartments including the massive 4+ bedroom first floor apartment, located in a historic, tree lined part of town less than a mile from Santender Arena and many other conveniences of downtown, this makes for a great opportunity to add to an investor's portfolio. With arched windows and lots of hardwood flooring throughout, the building features loads of old world charm, and opportunity to refurbish further and create even more of it. With several of the apartments recently renovated, the property is ready to create cashflow for it's next owner from day one. There's lots of remaining upside to raise rents, the apartments are spacious, well laid out, and overall in conditions varying from good to great. Don't miss this one, call us or your realtor for a tour today!

Full Property Details

Full Property Details for 1500 Perkiomen Ave

General

Sold For: $465,000
Taxes: $3,939 (2023)
Status: Closed
Type: Multi-Family
Source: BrightMLSPhilly
MLS ID: PABK2027704
Added to Site: 1, 071 day(s) ago

Interior

Flooring: Wood, Vinyl

Additional Information

Security/Safety: Smoke Detector

Parking

Parking Features: Public
Parking Type: On Street

Location

Area: Reading City (10201)
Municipality: READING CITY
County: Berks
Cross Streets: Perkiomen Ave
Driving Directions: GPS
Location Details: Urban

School Information

School District: Reading
Elementary School: 16Th and Haak
Middle School: Southern
High School: Reading Senior

Heating & Cooling

Cooling Type: Window Unit(s)
Cooling Fuel: Electric
Heating Type: Hot Water
Heating Fuel: Oil
Water Heater: Oil

Utilities

Sewer: Public Sewer
Water: Public
Utility Description: Electric Available, Sewer Available

Structural Information

Architectural Info: Traditional
Architectural Style: Traditional
Structure Type: End of Row/Townhouse
Construction: Stone
Foundation: Stone
Roof: Rubber, Asphalt
Stories/Levels: 0
Sq. Ft. Source: Assessor
Year Built: 1900
Year Built Source: Estimated
Property Condition: Good, Average, Very Good

Unit Information

Other Units: Unit 1, Unit 2, Unit 4, Unit 5, Unit 3, Unit 6
1 Bedroom Units: 1
2 Bedroom Units: 2
3 Bedroom Units: 1

Unit 1

Unit Description: Unit 1
Total Bathrooms: 2
Bedrooms: 5

Unit 2

Unit Description: Unit 2
Total Bathrooms: 1
Bedrooms: 2

Unit 3

Unit Description: Unit 3
Total Bathrooms: 1
Bedrooms: 2

Unit 4

Unit Description: Unit 4
Total Bathrooms: 1
Bedrooms: 2

Unit 5

Unit Description: Unit 5
Total Bathrooms: 1
Bedrooms: 1

Unit 6

Unit Description: Unit 6
Total Bathrooms: 1

Lot Features

Property View: City, Street
Lot Size (Acres): 0.09
Lot Size (Sq. Ft.): 3,920
Lot Size Source: Assessor
Lot Dimensions: 115' x 42' x 110' x 26'
Frontage Feet: 42
Street/Road Desc.: Black Top
Lot Features: Sloping
Zoning: MIX
Lot Description: Sloping

Financial Considerations

Assessment Year: 2023
School Tax: $1,615
City/TownTax: $1,633
City/TownTax Freq: Annually
County Tax: $690
County Tax Freq: Annually
Tax w/Assessment: $90,100
Tax Amount: $3,939
Tax Year: 2023
Terms: Standard Sale

Disclosures and Reports

Ownership: Fee Simple
Exclusions: Tenants Belongings
Inclusions: All appliances not belonging to tenants
Lot Number: 3243

Listed by Keller Williams Elite, Benuel Esh
Sold by Keller Williams Real Estate-Montgomeryville, John B. Trigg III

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Listing agent

— 1500 Perkiomen Ave —

Benuel Esh

Keller Williams Elite

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Schools

Schools serving 1500 Perkiomen Ave

School District:Reading School District

Name	Grades	Distance
Sixteenth & Haak El School 1601 Haak Street, Reading, PA 19602	PK-4	0.2 mi
Central Middle School, Reading, PA 215 North 12th Street, Reading, PA 19604	5-8	0.7 mi
Reading Senior High School 801 North 13th Street, Reading, PA 19604	9-12	1.2 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1500 Perkiomen Ave

Date

Details

Price

Change

Source

8/22/2023

Sold

$465,000

—

MLS

7/05/2023

Price Increased

$465,000

4.49%

MLS

6/01/2023

Price Increased

$445,000

1.37%

MLS

5/17/2023

Price Reduced

$439,000

-1.35%

MLS

4/08/2023

Price Reduced

$445,000

-0.89%

MLS

3/30/2023

Price Reduced

$449,000

-1.32%

MLS

3/17/2023

Listed

$455,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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1500 Perkiomen Avenue, Reading, PA 19602 (MLS# PABK2027704) is a Multi-Family property that was sold at $465,000 on August 22, 2023. Want to learn more about 1500 Perkiomen Avenue? Do you have questions about finding other Multi-Family real estate for sale in Reading? You can browse all Reading real estate or contact a Coldwell Banker agent to request more information.

1500 Perkiomen Ave Reading, PA 19602