2693 W Philadelphia Ave - Apartments FOR SALE


Oley, PA 19547
$1,150,000 USD
484-769-3209
2693 W Philadelphia Ave, Oley, PA for Sale
$1,150,000 USD
Apartments - FOR SALE
1/83
null | 9.62% Cap Rate

2693 W Philadelphia Ave
Oley, PA 19547


HIGHLIGHTS

  • Historic building in Pleasantville, PA
  • 100% updated remodeling done this year!
  • Unique opportunity for a multiunit property in this beautiful country setting.
  • Conveniently close to major highways and amenities.
  • Completely renovated 6-unit apartment building

OVERVIEW

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! That’s 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.

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$178 USD /SF

# OF UNITS

6

PRICE/UNIT

$191,667

CAP RATE

9.62%

% LEASED

20%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1890

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,246 SF

ZONING

LB-LOCAL BUSSINESS & COMM

APN/PARCEL ID

67-5368-01-19-9262

ASK ABOUT THIS PROPERTY

Sean MorettiDestination RealtyMore Info
484-769-3209

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Sean MorettiDestination RealtyMore Info
484-769-3209

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.