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Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PAMC2155800
Year Built 1873
Annual Tax Amount $54,059
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
Source BRIGHT
Property Description
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 MULTI-FAMILY
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
Special Listing Condition Standard
Nearby School & Business
- 8
Pine Forge Elementary School
Public | KG - 6
- 8
North Coventry Elementary School
Public | KG - 6
- 4
Elizabeth B. Barth Elementary School
Public | PK - 5
- 4
Rupert Elementary School
Public | PK - 5
- 3
Lincoln Elementary School
Public | PK - 5
- 2
Franklin Elementary School
Public | PK - 5
- 0
West Pottsgrove Elementary School
Public | KG - 2
- 0
West-Mont Christian Academy
Private | KG - 12
- 0
Creative Minds Montessori School
Private | PK - 3
- 0
Ringing Rocks Elementary School
Public | KG - 2
- 0
Wyndcroft School
Private | PK - 8
- 5
Pottsgrove Middle School
Public | 6 - 8
- 4
Pottstown Middle School
Public | 6 - 8
- 0
Progressions School
Private | 7 - 12
- 6
Pottsgrove Sr High School
Public | 9 - 12
- 4
Pottstown High School
Public | 9 - 12
- 0
The Hill School
Private | 9 - 12
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