2228 PERKIOMEN AVENUE, Reading, PA 19606

Commercial Property
Built in 1900
0.28acre lot
—— car garage
$——/sqft
Listed 5 months ago

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.

Listing Status:: Active
Date Added:: January 21, 2025 at 06:00AM
Listing Office:: A G Binkley Jr Real Estate : 6107796244
Listing Agent:: Craig E Binkley : 6107796244
MLS ID:: PABK2052844

Heating: YSteamNatural Gas
Disability Feature: None

This listing courtesy of Craig E Binkley, A G Binkley Jr Real Estate

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Mount Penn Elementary Center

2310 Cumberland Ave, Reading, PA, 19606

Grades 2-6

0.16 miles away

Antietam Middle Senior High School

100 Antietam Rd, Reading, PA, 19606

Grades 7-12

1.96 miles away

Antietam Middle Senior High School

100 Antietam Rd, Reading, PA, 19606

Grades 7-12

1.96 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.