Property

Oley, PA 19547 2693 W Philadelphia Avenue

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Presented By: Destination Realty LLC
  • MLS# PABK2054750
  • 03/20/2025
  • Request Tour
  • Request Info
  • SQFT • 6,450

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

Bathrooms

Total Restrooms7

Other Interior Features

Clear Span Ceiling Height8' to 10'
Central Air Y/NNo
FlooringLuxury Vinyl Plank, Vinyl
Heating FuelPropane - Owned, Electric
Heating Y/NYes
Hot WaterPropane
Total Stories3

Other Rooms

Entry Level1

General for 2693 W Philadelphia Avenue

Acceptable FinancingCash, Conventional, Other
AccessibilityNone
Association Recreation FeeN
Business TypeApartment Building, Hair Salon and Spa, Flex, Other/General Retail, Professional, Other
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.
DisclosuresAgent Related to Owner
Electric200+ Amp Service
Electric Expense420.00
ExclusionsNone
Gross Income110640.00
HeatingBaseboard - Electric, Baseboard - Hot Water
Historic Y/NNo
Insurance Expense4729.33
Lease Considered Y/NNo
Location TypeCorner Lot/Unit
Lot Size Square Feet15245.00
Lot Size UnitsSquare Feet
MLS AreaOley Twp (10267)
ModificationTimestamp2025-03-23T18:24:48
MunicipalityOLEY TWP
Net Operating Income101339.00
New ConstructionNo
Number Of Units Total6
Operating Expense9301.00
OwnerPaysCommon Area Maintenance, Taxes - Personal property, Taxes - Real Estate, Trash Collection, Snow Removal, Insurance, Electricity
OwnershipFee Simple
Possession0-30 Days CD
Possible UseApartments, Bar/Tavern/Lounge, Commercial, Clothing, Convenience Store, Apartment Building, Barber/Beauty, Financial, Flex Space, Mixed Use, Multi-Family, Office, Professional Service, Residential, Retail, Other
Price Per Sq Ft Total AG178.29
Property ConditionVery Good
Property SubtypeFive Or More Units
Property TypeCommercial Sale
Property UseInvestment
RoofMetal, Asphalt
SewerOn Site Septic
Standard StatusActive
StatusACTIVE
Tax Annual Amount4240.0
Tax Assessed Value95000.0
Tax Lot9262
Tax Year2024
TopographyLevel
Total Actual Rent110640.00
UtilitiesAbove Ground, Propane
Vacation Rental Y/NNo
ViewStreet, Pasture, Mountain
Water Access Y/NNo
Waterfront Y/NNo
Year Built1890
Year Built SourceEstimated
ZoningLB-LOCAL BUSSINESS & COMM

Exterior for 2693 W Philadelphia Avenue

Building Area Total6450.00
Car Parking Spaces12
Fencing Y/NN
Foundation DetailsStone
InclusionsAll Apliances and LP tanks (Tanks are owned not leased)
Land Assessed Value43900.00
Land Use Code4124
Lot Dimensions0.00 x 0.00
Lot FeaturesLevel
Lot Size Acres0.35
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
Parking FeaturesPrivate, Surface
Road Frontage Length238
Road ResponsibilityBoro/Township
Road Surface TypePaved, Black Top
Soil TypesUnknown
Topography DescriptionLevel
Total Loading Docks0
Total Parking Spaces12
Type of ParkingParking Lot
Water Oriented Y/NNo
Water SourceWell
Water View Y/NNo

Additional Details

Price History

Ebonie Clerier

Associate
Price $1,150,000
MLS#PABK2054750
List Date 03/20/2025
Property Type Commercial
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