Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1873
Sq.Footage
N/A
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%
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Heat Pump, Electric
-
Heating YN
YES
-
Heating
Electric, Heat Pump
Exterior
-
Garage
No
-
Construction Materials
Brick, Vinyl Siding
-
Parking
Garage, Driveway, Parking Lot
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.14
-
Property Type
Commercial Sale
Price
-
Sales Price
$595,000
-
Tax Amount
5459.0
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Sewer
Public Sewer
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Location
County
MONTGOMERY
Elementary School
Middle School
High School
Listing Courtesy of Chris Andrew Napoli , Carr Real Estate Company
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Owner, President, Investment Property Advisor
TheresaKehler
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