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2228 Perkiomen Avenue

READING, PA 19606
  • $420,000
  • STATUS: Active
  • ON SITE: 17 Days
  • ID#: PABK2052844
UPDATED: 38 min ago
$420,000
  • 0
    BEDS
  • 0.28
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Business Opportunity
Built:
1900
County:

School Ratings & Info

School District:

Description

Reading's oldest & most respected property management broker is retiring and we're looking for the right person/company to take over what for us has been a very lucrative business!! We've just concluded our most profitable year ever. At last count we managed 35 homes and 29 apartment buildings containing 99 units as well as over 60 garages. These properties are both city and suburban. Gross income management alone 2020-2023 averaged $155,000 per year - adding sales and other income streams same period $228,000. That left us with a yearly net same period of $141,000. 2024 was the best year yet with gross income of $267,000, gross management $,170,000 and the net (after all bills were paid) $177,000. What would these numbers do to your bottom line!! This listing is for the management business only. The real estate office including an additional rental home and 17 garages will be sold once we know the disposition of the business.

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©2025 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Jon Freedman with The Val Nunnenkamp Team | Keller Williams Marlton. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2025-02-08T13:58:16.577.
www.jonfreedman.com/homes/159622503
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2228 Perkiomen Avenue READING, PA 19606

  • Price: $420,000
  • Status: Active
  • On Site: 17 Days
  • Updated: 38 min ago
  • ID#: PABK2052844
0
Beds
0
Baths
0
½ Baths
0.28
Acres
1900
Built
Neighborhood:
Mt Penn Boro (10264)
County:
Berks
Area:
Mt Penn Boro (10264)
School District:
Antietam
Property Description
Reading's oldest & most respected property management broker is retiring and we're looking for the right person/company to take over what for us has been a very lucrative business!! We've just concluded our most profitable year ever. At last count we managed 35 homes and 29 apartment buildings containing 99 units as well as over 60 garages. These properties are both city and suburban. Gross income management alone 2020-2023 averaged $155,000 per year - adding sales and other income streams same period $228,000. That left us with a yearly net same period of $141,000. 2024 was the best year yet with gross income of $267,000, gross management $,170,000 and the net (after all bills were paid) $177,000. What would these numbers do to your bottom line!! This listing is for the management business only. The real estate office including an additional rental home and 17 garages will be sold once we know the disposition of the business.
Exterior Features

Construction Materials FrameAluminum Siding Garage YN No Parking Types Parking Lot Water Access YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 9999.00 Heating Steam Heating YN Yes

Property Features

Accessibility Features None Central Air YN No Current Use Office Heating Fuel Natural Gas Hot Water Natural Gas Municipality MT PENN BORO Navigable Water YN N New Construction YN No Original MLSNumber 803586654718 Ownership Interest Other Property Sub Type Services Sale Type Standard Sewer Public Sewer Tax Annual Amount 9448.00 Tax Lot 6555 Vacation Rental YN No Water Source Public Zoning COMM

Listing courtesy of A G Binkley Jr Real Estate: .


©2025 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Jon Freedman with The Val Nunnenkamp Team | Keller Williams Marlton. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2025-02-08T13:58:16.577.
 
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Jon Freedman with The Val Nunnenkamp Team | Keller Williams Marlton
103 E Route 70, Suite D
Marlton NJ, 08053