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Pottstown,PA 19464
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PAMC2130462
Originating Board BRIGHT
Year Built 1873
Annual Tax Amount $5,459
Tax Year 2024
Lot Size 6,300 Sqft
Acres 0.14
Lot Dimensions 45.00 x 0.00
Property Sub-Type Five Or More Units
Property Description
One of a kind investment opportunity. The is an apartment complex located in the historic district of Pottstown.
Two (2) 1BR/1Bath apartments.
One (1) efficiency.
Six (6) single rooms.
Two (2) double car garages.
We own the driveway. The owner of the building next door pays us yearly for an easement.
Inside redone a few months ago. Painted, new LVT floor, etc.
There are six (6) heat pumps that provide heat/cooling. They are less than (10) years old.
Income
Each 1BR rents for $1,572 (section 8). $18,864 annually
The efficiency rents for $1,428 (section 8). $17,136 annually
Each single room rents for $750 (self-pay). $54,000 annually
Each garage rents for $200. ($4,800 annually)
Easement rents for $400 per year. ($400 annually)
Total Annual Revenue = $95,200
Expenses (water, electric, taxes, trash)
Water, sewer, trash (approximately $12,000 annually)
Electric for heat and air condition (approximately $8,000 annually)
Taxes are $5,400 annually
Total Annual Expenses = $25,400
NOI = $69,800
Cap rate is 12%
Location
State PA
County Montgomery
Area Pottstown Boro (10616)
Zoning COMMERCIAL
Interior
Hot Water Electric
Heating Heat Pump - Electric BackUp
Cooling Heat Pump(s)
Flooring Laminate Plank
Heat Source Electric
Exterior
Garage Spaces 8.0
Water Access N
Accessibility 2+ Access Exits
Total Parking Spaces 8
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Pottstown
Others
Tax ID 16-00-17200-001
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard