Investments Sales Management

2228 PERKIOMEN AVENUE

READING, PA 19606

MLS#: PABK2052844

$420,000

Status: Closed
Listing number: PABK2052844
Listing provided by: A G Binkley Jr Real Estate
Listing agent phone: None
Last update: 5 months ago
On site: 1 year, 2 months ago
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1900

Sq.Footage

N/A

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.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Heating YN

    YES

  • Heating

    Natural Gas, Steam

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Frame, Aluminum Siding

  • Parking

    Parking Lot

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.28

  • Property Type

    Commercial Sale

  • Property Sub Type

    Business

Price

  • Sales Price

    $420,000

  • Tax Amount

    $9,352

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Sewer

    Public Sewer

  • Tax Lot

    6555

  • Water Source

    Public

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Listing Courtesy of Craig E Binkley , A G Binkley Jr Real Estate

RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Agent Todd Polinchock

Owner, Chief Executive Officer, Portfolio Advisor

Todd Polinchock

Call Todd today to schedule a private showing.

(267) 980-3930

todd@tntrealestatesolutions.com


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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.

2228 PERKIOMEN AVENUE

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