Oley, PA 19547 2693 W Philadelphia Avenue

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Presented By: Destination Realty LLC
  • MLS# PABK2054782
  • 03/20/2025
  • Request Tour
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  • Beds • 13

Home Details

We are thrilled to share some fantastic news with you! Our latest project, a completely renovated 6-unit apartment building located in the charming town of Oley, PA, Berks County, is now ready to dazzle and impress. Unique opportunity for a multiunit property in this beautiful country setting. Projected annual income after expenses is over $101,000! Thats an impressive 9 CAP. This stunning building offers a variety of units ranging from cozy studios to spacious 4-bedroom apartments, each meticulously designed with modern elegance and functionality in mind. The units feature beautifully tiled bathrooms that exude a sense of luxury, and kitchens adorned with sleek granite countertops, pristine white shaker cabinets, and a mix of top-of-the-line stainless steel, black and white appliances perfect for those who appreciate a touch of sophistication in their living space. To ensure ultimate comfort and convenience, we've installed brand new hot water baseboard combi boilers that provide on-demand hot water for showers, making everyday living a breeze. Additionally, the building has gone through significant upgrades, including new plumbing, electrical systems, and energy-efficient windows to enhance the overall living experience and reduce utility costs for tenants. We invite you to take a closer look at these exceptional units and experience firsthand the quality and attention to detail that sets this property apart. It's a fantastic opportunity for both realtors seeking prime rental options and investors looking to expand their portfolio with a high-value asset. The location in Oley, PA, adds to the appeal, offering a peaceful and welcoming community atmosphere, while still being conveniently close to major highways and amenities. Don't miss out on this exciting opportunity! We look forward to hearing from you and welcoming you to explore all that this remarkable apartment building has to offer.
Presented By: Destination Realty LLC

Interior Features for 2693 W Philadelphia Avenue

Bedrooms

Three Bedroom Units Count4

Other Interior Features

LivingAreaSourceEstimated
BasementCombination, Dirt Floor, Full, Outside Entrance, Poured Concrete, Unfinished
Basement (Y/N)Yes
Central Air Y/NNo
Fireplace Y/NNo
FlooringVinyl, Luxury Vinyl Plank
Furnished UnitsNone
Heating FuelPropane - Owned, Electric
Heating Y/NYes
Hot WaterPropane
Interior AmenitiesAdditional Stairway, Combination Kitchen/Dining, Curved Staircase, Entry Level Bedroom, Flat, Floor Plan - Open, Floor Plan - Traditional, Kitchen - Eat-In, Kitchen - Galley, Studio, Upgraded Countertops, Water
Total Stories3
Window FeaturesENERGY STAR Qualified, Energy Efficient, Double Pane, Double Hung, Insulated, Low-E, Screens, Transom, Vinyl Clad

General for 2693 W Philadelphia Avenue

Acceptable FinancingCash, Conventional, Other
AccessibilityNone
AppliancesBuilt-In Microwave, Built-In Range, Dishwasher, Disposal, Dual Flush Toilets, Energy Efficient Appliances, ENERGY STAR Freezer, ENERGY STAR Refrigerator, Instant Hot Water, Oven - Self Cleaning, Oven - Single,
Architectural StyleTraditional
Association Recreation FeeN
Cap Rate9.01
CityOLEY
Construction MaterialsBrick, Masonry, Metal Siding, Rock, Stone
Cool FuelNone
CoolingNone
CountyBERKS
DirectionsRT 73 to Oysterdale Rd right on corner. Across from the Bridge Inn.
DisclosuresLead Based Paint - Federal, Agent Related to Owner
Electric200+ Amp Service
ExclusionsNone
Garage Y/NNo
Gross Income110640.00
HeatingBaseboard - Hot Water, Baseboard - Electric
Historic Y/NNo
Home Warranty Y/NNo
Insurance Expense4729.33
Lease TypeMonth to Month
Location TypeRural
Lot Size Square Feet15245.00
Lot Size UnitsSquare Feet
MLS AreaOley Twp (10267)
ModificationTimestamp2025-03-23T18:27:06
MunicipalityOLEY TWP
Net Operating Income101339.00
New ConstructionNo
Number Of Units Total4
Number of Units Leased6
NumberOfUnitsVacant5
One Bedroom Units Count1
Operating Expense9301.00
Other StructuresAbove Grade, Below Grade
Other UnitsUnit 1, Unit 2, Unit 4, Unit 5, Unit 3, Unit 6
OwnerPaysCommon Area Maintenance, Taxes - Personal property, Taxes - Real Estate, Trash Collection, Snow Removal, Insurance, Electricity
OwnershipFee Simple
Patio/Porch FeaturesBreezeway, Patio(s), Porch(es)
Possession0-30 Days CD
Price Per Sq Ft Total AG178.29
Property ConditionVery Good
Property SubtypeTriplex
Property TypeMulti-Family
Rent Control Y/NNo
RoofMetal, Asphalt
School DistrictOLEY VALLEY
SewerOn Site Septic
Single Room Units Count1
Standard StatusActive
StatusACTIVE
Structure TypeDetached
Tax Annual Amount4240.0
Tax Assessed Value95000.0
Tax Lot9262
Tax Year2024
Total Actual Rent110640.00
Total Rooms36
Total SQFT8250
Two Bedroom0
UtilitiesAbove Ground, Electric Available, Propane
Vacation Rental Y/NNo
ViewGarden/Lawn, Mountain, Pasture, Street
Water Access Y/NNo
Waterfront Y/NNo
Year Built1890
Year Built SourceEstimated
ZoningLB

Exterior for 2693 W Philadelphia Avenue

# of Assigned Spaces12
Exterior AmenitiesExterior Lighting, Fire Escape, Gutter System, Outbuilding(s)
Foundation DetailsStone
InclusionsAll appliances and LP tanks( Tanks are owned not leased)
Land Assessed Value43900.00
Land Use Code4124
Lot Dimensions0.00 x 0.00
Lot FeaturesAdjoins - Open Space
Lot Size Acres0.35
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
Parking FeaturesCrushed Stone, Assigned, Gravel Driveway
Parking Lot - # of Spaces12
PoolNo Pool
Road Frontage Length238
Road ResponsibilityBoro/Township
Road Surface TypeBlack Top, Paved
Soil TypesUnknown
SpaNo
Total Parking Spaces12
Type of ParkingParking Lot
Water Oriented Y/NNo
Water SourceWell
Water View Y/NNo

Additional Details

Price History

Schools

Elementary School Oley Valley Elementary School
Middle School Oley Valley Middle School
High School Oley Valley High School

Rachel Shepherd

Price $1,150,000
MLS#PABK2054782
List Date 03/20/2025
Property Type Multi-Family
Phone 703.929.4729
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