302 Oley St, Reading, PA 19601

Fantastic very large Centre Park Historic District semi-detached, fully occupied 3 unit building. Pride of ownership is evident throughout. Unit 1, 1st floor, has 4 rooms, 2 BRS, pocket doors, hardwood floors, tiled bath, security system, electric baseboard heat, electric hot water, electric range/oven, walk-in closet, tenant pays for electric which includes heat. Rented for $680/month by same tenant for 3-4 years. Unit 2, 2nd floor, has 4 rooms, 2 BRS, hardwood floors, tiled bath, gas hot water heat paid by owner, electric range/oven, electric hot water, tenant pays for all electric, rented for $730/month by a new tenant. Unit 3, 3rd floor, has 4 rooms, 2 BRS, hardwood floors, tiled bath, gas hot water radiator heat paid by owner, electric range/oven, electric hot water, all electric paid by tenant, rented for $765/month by a 1-2 year Section 8 tenant. Additional features include front & rear covered porches, front door entrance buzzer in each unit, 200 AMP electric, rubber main roof, slate mansard, fenced yard, gas boiler for units 2 & 3 paid by owner, 3 electric water heaters paid by tenants. Old oil tank in basement not in use. Excellent, well maintained, stable building producing outstanding cash flow with long term tenants. 18% Cap Rate! A must for your investment portfolio! Will not last long in this hot real estate market with low inventory!