113 W OLEY STREET

Property Description

Welcome to 113 W Oley Street, a solid income-producing multi-unit property located in the heart of Reading. This well-maintained 2-unit building offers strong cash flow and a 9.6% cap rate, making it an ideal addition to any investor's portfolio.

The property features two residential units:

* Unit 1: 1 bedroom, 1 bathroom -- currently rented at $850/month (month-to-month lease)
* Unit 2: 3 bedrooms, 1 bathroom -- currently rented at $1,200/month (month-to-month lease)

In addition to the residential income, the property includes a detached garage in the rear, currently leased for an additional $75/month, providing extra revenue.

Tenants pay their own heat and electricity, helping keep operating expenses low. The owner is only responsible for water, sewer, and trash, making this a highly efficient and easy-to-manage investment.

With strong existing rents, flexible month-to-month leases, and immediate cash flow from day one, this property presents a great opportunity for both seasoned investors and those looking to get started in real estate investing.

Don't miss your chance to secure a high-performing asset in a growing market--schedule your showing today!

Overview

Property Status

For Sale

Lot Size

1,307 Sq.Ft.

MLS ID

PABK2071162

Property Type

Multi-Family

Year Built

1895

Are you interested?

Schedule a Tour

Joe Colon

(484) 650-6749 [email protected]

Features & Amenities

Total Area

1,663 Sq.Ft.

Neighborhood

Reading

Architecture Styles

Traditional

Garage Spaces

1.0

Water Source

Public

Pool

None

Parking

Oversized, Garage, Detached

Heat Type

Electric, Baseboard

Air Conditioning

Window Unit(s)

Laundry Room

In Basement

Appliances

Electric Water Heater

Sewer

Public Sewer

Substructure

Concrete Perimeter

School District

READING

Sales Price

$240,000

Real Estate Tax

$1,389/yr

Zoning

RES 2-4 FAM

Schedule a Tour

We would love to help you see this beautiful home! As a full-service brokerage, we can help you tour. Please submit an offer, and answer questions about the buying process.

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Thank you

for your interest in 113 W OLEY STREET, READING, PA 19601

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