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2693 W Philadelphia Ave 6 Unit Apartment Building $1,561,700 CAD ($260,283 CAD/Unit) 9.62% Cap Rate Oley, PA 19547
Investment Highlights
- Historic building in Pleasantville, PA
- Unique opportunity for a multiunit property in this beautiful country setting.
- Completely renovated 6-unit apartment building
- 100% updated remodeling done this year!
- Conveniently close to major highways and amenities.
Executive Summary
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.
Data Room Click Here to Access
Financial Summary (Pro Forma - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$150,415
|
$23.32
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$150,415
|
$23.32
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$12,643
|
$1.96
|
| Net Operating Income |
$137,772
|
$21.36
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $150,415 |
| Annual Per SF | $23.32 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $150,415 |
| Annual Per SF | $23.32 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $12,643 |
| Annual Per SF | $1.96 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $137,772 |
| Annual Per SF | $21.36 |
Property Facts
| Price | $1,561,700 CAD | Building Class | C |
| Price Per Unit | $260,283 CAD | Lot Size | 0.35 AC |
| Sale Type | Investment | Building Size | 6,450 SF |
| Cap Rate | 9.62% | Average Occupancy | 20% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1890/2024 |
| Property Subtype | Apartment | Parking Ratio | 1.86/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | LB-LOCAL BUSSINESS & COMM - Officially called LB(local Business) Building zoned Residential and Commercial acording to township and LTL Consultents (codes) | ||
| Price | $1,561,700 CAD |
| Price Per Unit | $260,283 CAD |
| Sale Type | Investment |
| Cap Rate | 9.62% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.35 AC |
| Building Size | 6,450 SF |
| Average Occupancy | 20% |
| No. Stories | 3 |
| Year Built/Renovated | 1890/2024 |
| Parking Ratio | 1.86/1,000 SF |
| Zoning | LB-LOCAL BUSSINESS & COMM - Officially called LB(local Business) Building zoned Residential and Commercial acording to township and LTL Consultents (codes) |
Amenities
Site Amenities
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $1,351 CAD | - |
| 1+1 | 1 | $1,623 CAD | - |
| 3+1 | 3 | $2,302 CAD | - |
| 4+1 | 1 | $2,641 CAD | - |
1 1
Not walkable
10/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 67-5368-01-19-9262 | Improvements Assessment | $69,606 CAD |
| Land Assessment | $59,799 CAD | Total Assessment | $129,405 CAD |
Property Taxes
Parcel Number
67-5368-01-19-9262
Land Assessment
$59,799 CAD
Improvements Assessment
$69,606 CAD
Total Assessment
$129,405 CAD
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2693 W Philadelphia Ave
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