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About the Listing CARR-UD - 3303527
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%
Listing Highlights for 110 King St
Status
Active
Days on Site
39
Property Type
Commercial Sale
MLS ®
PAMC2155800
Year Built
1873
Total Square Footage
0
Lot/Acreage
0.14
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances:
- Air Cond: Heat Pump(s)
- Heating: Heat Pump - Electric BackUp
- Fireplaces:
- Floor: Laminate Plank
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Parking Spaces: 8
- Lot Dimensions: 45.00 x 0.00
- Zoning: MULTI-FAMILY
- Roof:
- Others: Good
- Sewer: Public Sewer
- Parking Features: Driveway,Parking Lot,Private Garage,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $54,059
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2024
Payment Calculator
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Listing Location
Questions About..
110 King St Pottstown, PA 19464
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