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,… Read More 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! Read Less
Courtesy of Joe Colon, Coldwell Banker Realty 610-373-9900
Listing Snapshot
Days Online
72
Last Updated
Property Type
Duplex
Square Ft.
1,663
Lot Size
0.03 Acres
Year Built
1895
MLS Number
PABK2071162
Additional Details
Basement
Full
Building
Built in 1895, Living area: 1663, Construction Materials: Brick
Cooling
Window Unit(s)
Accessibility Features
None
Expenses
Operating: $2,500
Foundation
Concrete Perimeter
Garage
1 spaces
Heating
Baseboard - Electric
Income
Gross Income: $25,500, Net Operating Income: $21,611, Apartment Rentals
Lot
0.03 acres, Dimensions: 0.00 x 0.00
Owner Pays
Insurance, Sewer, Taxes - Real Estate, Trash Collection, Water
This information is provided exclusively for consumers' personal, non-commercial use; that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by BrightMLS. Information may appear from many brokers but not every listing in BrightMLS is available. This content last updated on .
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