CHARIS REALTY GROUP

Traditional

113 W OLEY STREET

READING, PA 19601

MLS#: PABK2071162

$240,000

Status: Active
Listing number: PABK2071162
Listing provided by: Coldwell Banker Realty
Listing agent phone: None
Last update: 4 hours ago
On site: 17 days ago
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Property

Beds

4

Full Baths

None

1/2 Baths

None

Year Built

1895

Sq.Footage

1,663

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!

Features & Amenities

Interior

  • Total Bedrooms

    4

  • Bathrooms

    N/A

  • Above Grade Finished Area

    1663.0

  • Basement YN

    YES

  • Cooling YN

    YES

  • Cooling

    Window Unit(s)

  • Heating YN

    YES

  • Heating

    Electric, Baseboard

  • Pet friendly

    N/A

Exterior

  • Garage

    Yes

  • Garage spaces

    1

  • Construction Materials

    Brick

  • Parking

    Oversized, Garage, Detached

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.03

  • Lot Size(square feet)

    1307.0

  • Property Type

    Residential Income

  • Property Sub Type

    Duplex

  • Architectural Style

    Traditional

Price

  • Sales Price

    $240,000

  • Tax Amount

    $1,389

  • Sq. Footage

    1, 663

  • Price/SqFt

    $144

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • New Construction

    NO

  • Foundation Details

    Concrete Perimeter

  • Sewer

    Public Sewer

  • Tax Lot

    5158

  • Water Source

    Public

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Location

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Listing Courtesy of Joe Colon , Coldwell Banker Realty

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Agent Chris Bollman

AGENT

Chris Bollman

Call Chris today to schedule a private showing.

(814) 215-0017

chris@charisrealty.com


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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!

113 W OLEY STREET

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