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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%
Property Type(s):
Commercial
| Last Updated | 3/4/2025 | Year Built | 1873 |
|---|---|---|---|
| Community | Pottstown Boro (10616) | County | MONTGOMERY |
SCHOOLS
| School District | POTTSTOWN |
|---|
Additional Details
| AIR | Electric, Heat Pump |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Water Heater |
| AREA | Pottstown Boro (10616) |
| CONSTRUCTION | Brick, Vinyl Siding |
| GARAGE | Yes |
| HEAT | Electric, Heat Pump |
| LOT | 6098 sq ft |
| LOT DIMENSIONS | 45.00 x 0.00 |
| PARKING | Garage, Driveway, Parking Lot |
| SEWER | Public Sewer |
| TAXES | 5459 |
| WATER | Public |
Location
Listing provided by Carr Real Estate Company
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Data last updated: 4/18/25 9:58 AM PDT
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