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… Read More 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% Read Less
Courtesy of CNAPS Napoli, Carr Real Estate Company [email protected]
Listing Snapshot
Days Online
135
Last Updated
Property Type
Five Or More Units
Lot Size
0.14 Acres
Year Built
1873
MLS Number
PAMC2130462
30 Days Snapshot Of 19464
$345k
+2%
(avg) sold price
62
+47%
homes sold
21
+16%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
3,450 net sqft, Built in 1873, Major renovation in 2025, 8 units in building, Brick, Vinyl Siding
Cooling
Electric, Heat Pump(s)
Accessibility Features
2+ Access Exits
Floors
Laminate Plank
Heating
Electric, Heat Pump - Electric BackUp
Lot
6,300 sqft, Lot Size Dimensions: 45.00 x 0.00, 0.14 acres
Sewer
Public Sewer
Taxes
City/Town Tax: $1,315, City/Town Tax Pymnt Freq: Annually, County Tax: $457, County Tax Pymnt Freq: Annually, School Tax: $3,652, Tax Annual Amount: $5,459, Tax Year: 2024
Utilities
Hot Water: Electric
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