505 Oley St, Reading, PA 19601

Attention Investors! Very large Centre Park Historic District Victorian brick & stone 4 unit fully rented and in overall good condition. All heating expenses are paid by the tenants. Owner pays for water/sewer, trash, recycling and common area electric. Unit 1, 1st floor has 5 rooms, 2 private BRS, rented for $760/month by a 2 year tenant on a M/M basis. Gas hot water heat, gas hot water, electric range/oven, has laundry in basement and pays $35/month towards the water & utilities. Washer & dryer belong to tenant's for unit 1. Unit 2, 2nd floor front has 3 rooms, 1 BR, rented for $600/month. Electric baseboard heat, electric hot water, gas range/oven. Unit 3, 2nd floor rear has 3 rooms, 1 BR, rented for $575/month by a 2 year tenant on a M/M basis. Electric baseboard heat, electric hot water, gas range/oven. Unit 4, 3rd floor has 5 rooms, 3 BRS, rented for $725/month. Electric baseboard heat, electric hot water, gas range/oven. Expenses: Water/Sewer/Trash/Recycling - $3,960. Insurance - $760. Owner's electric - $312. Permits - $100. Excellent money making investment property producing a 16% Cap Rate and located in one of Reading's premier neighborhoods! Competitively priced and will not last in this hot real estate market with very low inventory! NO WEEKEND SHOWINGS WILL BE PERMITTED!