SQUARE FEET1,663
MLS#PABK2071162
STATUSPENDING
PROPERTY TYPEMulti Unit - Multiple
SCHOOLREADING
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!
Property Features
Property Type: Multi Unit - Multiple
Basement: Full
Basement: Yes
Cooling: Window Unit(s)
Fuel Type: Electric
Garage: 1
Heating: Baseboard - Electric
Home Style: Traditional
Lot Size: 0.03 Acres
Taxes: $1,389
Year Built: 1895
Feature Descriptions
Additional Structures: Above Grade, Below Grade
Electric: 100 Amp Service
Exterior: Brick
Lot Dimensions: 0.03 Acre(S)
Municipality: READING CITY
One Bedroom Units: 1
Sewer: Public Sewer
Structure Type: Interior Row/Townhouse
Three Bedroom Units: 1
Total Garage/Parking Spaces: 1
Units: 2
Water: Public
Local Schools
School District: READING
Listed By / Shown By
Listed By
Agency Name: Coldwell Banker Realty
Agency Phone: 6103739900
Shown By
Agency Title: Berkshire Hathaway HomeServices Homesale Realty
Agency Phone: +18003833535
First AmericanEstimate Your Payment
Estimated Payment
$ 719.89 per month $534.14 Principal & Interest $115.75 Property Tax $70.00 Homeowner's Insurance
113 W Oley Street | MLS# PABK2071162
This multi-family property located at 113 W Oley Street, Reading, PA 19601 is currently listed for sale with an asking price of $240,000. W Oley Street is located within the READING school district. Search Reading real estate on www.homesale.com today.