5370 Oley Turnpike Road

Closed 3/31/16
Closed 3/31/16
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Sold
Last Sold Price
$385,000
12 beds8 baths8,400 sqft$46/sqft
5370 Oley Turnpike Rd, Reading, PA 19606
Multi FamilyProperty Type
3.16 acresLot Size
1979Year Built
$46/sq ftPrice per sq ft

Description

Rare opportunity to own a 8 unit Exeter Township suburban fully occupied apartment building. 4-2BR and 4-1BR apartments all under one roof. Situated on a conveniently located 3 plus acre lot. Most are long term tenants under annual auto renewing 1 year leases. This 3 story building offers plenty of off street parking in both front and back. On site well and septic, all separate electric meters (9 total includes 1 owner's) and each unit has its own hot water heater. Tenants pay their own utilities....Rare opportunity to own a 8 unit Exeter Township suburban fully occupied apartment building. 4-2BR and 4-1BR apartments all under one roof. Situated on a conveniently located 3 plus acre lot. Most are long term tenants under annual auto renewing 1 year leases. This 3 story building offers plenty of off street parking in both front and back. On site well and septic, all separate electric meters (9 total includes 1 owner's) and each unit has its own hot water heater. Tenants pay their own utilities. Don't miss out on this income producing opportunity schedule your showing today.
  • Listed by: Edwin R Spayd 610.670.2770 espayd@goberkscounty.com • RE/MAX Of Reading
Listing closed: 03/31/2016 12:00 AM • Source: BRIGHT, MLS#: 1002654140

Recent comparable sales

Median sold price

$419,900

Avg days on market

24

Sale-to-list ratio

97.5%

Reading, PA

9 comparable properties found

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197 Old Friedensburg Road, Reading, PA 19606

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1110 Strawberry Run, Reading, PA 19606

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1109 Stonehenge Drive, Reading, PA 19606

$404,900 | 5060 Oley Turnpike Road, Reading, PA 19606
1/66
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5060 Oley Turnpike Road, Reading, PA 19606

$365,000 | 1029 Hickory Lane, Reading, PA 19606
1/41
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Listing Courtesy of RE/MAX Of Reading

Sold By RE/MAX Of Reading

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$2,894 per month

30 year fixed, 6.71% Interest

Principal and Interest

$1,989

Property Taxes

$905

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Property Information for 5370 Oley Turnpike Road

Property Details
  • Taxes: $10,857 / year
  • MLS Type: Multi-Family / Fee Simple
  • County: Berks County
  • Tax ID Number: 43-5337-04-71-8514
  • Ownership: Fee Simple
  • Condo Coop Association: No
  • HOA: No
  • Structure Type: Detached
  • Style: Other
  • Waterfront: No
  • Garage: No
  • Subdivision: NONE AVAILABLE
  • Subdivision: NONE AVAILABLE (BERKS PA)
  • Cross Street: OLEY TURNPIKE
  • Municipality: EXETER TWP
  • Central Air: No
  • Basement: Yes
  • Above Grade Finished SQFT: 8,400.00
  • Above Grade Fin SQFT Source: Estimated
  • New Construction: No
  • Construction Completed: No
  • Property Condition: Good
Building Information
  • Year Built: 1979
  • Lot Size: 3.16 AC / 137,650 SF
Location
Location
  • School District Name: EXETER TOWNSHIP
  • School District County ID: 300200397319
  • County: BERKS
  • MLS Area: Exeter Twp (10243)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2016
  • Tax Assessed Value: $259,300
  • Improvement Assessed Value: $180,300
  • Land Assessed Value: $79,000
  • Zoning: RES
  • Tax Lot: 8514
Lease Information
Lease Information
  • Concessions: No
Unit Information
Unit Information
  • One Bedroom Units Count: 4
  • Two Bedroom Units Count: 4
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 8,Unit 3,Unit 6,Unit 7
Rooms
Rooms
  • Room List: Primary Bedroom
Multi Family
Unit 1
  • Type: Unit 1
  • Unit Type Occupied YN: Yes
  • Unit Type Finished SQFT: 1080
  • Beds Total: 2
  • Half Baths Count: 0
  • Full Baths Count: 1
  • Unit Type Baths Total: 1
  • Total Rooms: 4
Unit 2
  • Type: Unit 4
  • Unit Type Occupied YN: Yes
  • Unit Type Finished SQFT: 1227
  • Beds Total: 2
  • Half Baths Count: 0
  • Full Baths Count: 1
  • Unit Type Baths Total: 1
  • Total Rooms: 4
Unit 3
  • Type: Unit 6
  • Unit Type Occupied YN: Yes
  • Unit Type Finished SQFT: 541
  • Beds Total: 1
  • Half Baths Count: 0
  • Full Baths Count: 1
  • Unit Type Baths Total: 1
  • Total Rooms: 3
Unit 4
  • Type: Unit 3
  • Unit Type Occupied YN: Yes
  • Unit Type Finished SQFT: 1350
  • Beds Total: 2
  • Half Baths Count: 0
  • Full Baths Count: 1
  • Unit Type Baths Total: 1
  • Total Rooms: 4
Unit 5
  • Type: Unit 8
  • Unit Type Occupied YN: Yes
  • Unit Type Finished SQFT: 534
  • Beds Total: 1
  • Half Baths Count: 0
  • Full Baths Count: 1
  • Unit Type Baths Total: 1
  • Total Rooms: 3
Unit 6
  • Type: Unit 2
  • Unit Type Occupied YN: Yes
  • Unit Type Finished SQFT: 1167
  • Beds Total: 2
  • Half Baths Count: 0
  • Full Baths Count: 1
  • Unit Type Baths Total: 1
  • Total Rooms: 4
Unit 7
  • Type: Unit 5
  • Unit Type Occupied YN: Yes
  • Unit Type Finished SQFT: 445
  • Beds Total: 1
  • Half Baths Count: 0
  • Full Baths Count: 1
  • Unit Type Baths Total: 1
  • Total Rooms: 3
Unit 8
  • Type: Unit 7
  • Unit Type Occupied YN: Yes
  • Unit Type Finished SQFT: 528
  • Beds Total: 1
  • Half Baths Count: 0
  • Full Baths Count: 1
  • Unit Type Baths Total: 1
  • Total Rooms: 8
Financial Information
Expenses
  • Insurance Expense: $3,302
  • Maintenance Expense: $6,032
  • Water Sewer Expense: $0
  • Annual Heating Expense: $0
  • Electric Expense: $292
  • Other Expense: $2,175
  • Annual Gross Expense: $22,560
Financial Information
  • Gross Income: $60,120
Building Info
Building Info
  • Total Finished SQFT: 8,400.00
  • Total SQFT: 8,400.00
Lot / Land Information
Lot / Land Information
  • Lot Size Dimensions: IRREG
  • Sign On Property: No
  • Parcel ID: 1511976
Parking
Parking
  • Type Of Parking: Parking Lot
Interior Features
Interior Features
  • Interior Features: Ceiling Fan(s)
  • Fireplace: No
Exterior Features
Exterior Features
  • Exterior Features: Satellite Dish
  • Pool: No Pool
  • Other Structures: Above Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Wall Unit
  • Heating Type: Electric, Baseboard
  • Heating Fuel: Electric
  • Hot Water: Electric
  • Water Source: Well
  • Sewer Septic: On Site Septic
  • Electric Service: 100 Amp Service, Circuit Breakers
Confidential Data
Listing Office
  • List Agent AOR: Reading-Berks Association of REALTORS
  • List Agent URL: www.edspaydrealtor.com

Property History for 5370 Oley Turnpike Road

DateEvent & SourcePriceAppreciation
Mar 31, 2016

Closed (Public Record)

Public Record #570327686

$385,000—
Mar 31, 2016

Closed

BRIGHT #1002654140

$385,000—
Dec 7, 2015

Pending

BRIGHT #1002654140

—
DateEvent & SourcePrice
03/31/2016

Closed (Public Record)

Public Record #570327686

$385,000
03/31/2016

Closed

BRIGHT #1002654140

$385,000
12/07/2015

Pending

BRIGHT #1002654140

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 5370 Oley Turnpike Road

Taxable ValueLand$79,000Additions$180,300Total$259,300
Tax Record2026$3,617 ($301 / month)
Home Facts
Total Finished SqFt8,890 SqFtAbove Grade Finished SqFt8,890 SqFtStories2Lot Size137,650 SqFtStyleMulti-Family Res (5+ Units)Year Built1978CountyBERKSAPN43533704718514

Schools near 5370 Oley Turnpike Road

This home is within Exeter Township School District.
Rating
School
Type
Grades
Distance
Owatin Creek Elementary School
Public - K to 4
Exeter Twp Junior High School
Public - 7 to 8
Exeter Twp Senior High School
Public - 9 to 12
Reiffton School
Public - 5 to 6
Rating
School
Distance
Owatin Creek Elementary School
PublicK to 4

Exeter Twp Junior High School
Public7 to 8

Exeter Twp Senior High School
Public9 to 12

Reiffton School
Public5 to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 5370 Oley Turnpike Road, Reading, PA 19606
$385,000
12
8
8,400
137,650
2 Beecham Road, Reading, PA 19606
$67,100
3
3,698
71,438
4 Beecham Road, Unit 4, Reading, PA 19606
$513,247
4
3,784
66,211
5300 Oley Turnpike Road, Reading, PA 19606
$265,000
4
1,595
134,164
Lot 13 Beecham Road, Reading, PA 19606
$67,100
–
–
–
71,438
1 Glen Oley Drive, Reading, PA 19606
$402,000
4
2,894
44,867

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Listing Courtesy of RE/MAX Of Reading

Based on information from one of the following Multiple Listing Services: BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.