110 King St - Apartments FOR SALE


Pottstown, PA 19464
$595,000 USD
610-213-8458
110 King St, Pottstown, PA for Sale
$595,000 USD
Apartments - FOR SALE
1/2
null | 12% Cap Rate

110 King St
Pottstown, PA 19464


HIGHLIGHTS

  • 110 King Street presents a nine-unit apartment building with ornate architecture features such as crown molding and grand front door.
  • Downtown Pottstown is an up and coming area with historic charm and the city's railroad going through multiple times a day.
  • The unit-mix consists of two one-bed/ one-baths, one efficiency apartment, six single rooms, and two double-car garages.
  • Each one-bedroom rents under Section 8 and the garages rent for $4,800 annually.

OVERVIEW

Carr Real Estate-Upper Darby is pleased to present the one-of-a-kind investment opportunity of the apartment building at 110 King Street in the Historic District of Pottstown, PA. The building offers two one-bedroom/ one-bathroom apartments, one efficiency unit, six single rooms, and two double-car garages. There is a driveway on-site, and the owner of the building next door pays yearly for an easement. The interior was recently updated a few months ago, which included painting, new LVT flooring, and more. There are six heat pumps that provide heat/cooling, all of which are less than 10 years old. Income: Each one-bedroom 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 conditioning (approximately $8,000 annually) Taxes are $5,400 annually Total Annual Expenses = $25,400

FOR SALE DETAILS

PRICE

$595,000 USD

PRICE/SF

$120 USD /SF

# OF UNITS

9

PRICE/UNIT

$66,111

CAP RATE

12%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1873

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,299 SF

ZONING

OR

APN/PARCEL ID

16-00-17200-001

ASK ABOUT THIS PROPERTY

Chris NapoliCarr Real Estate-Upper DarbyMore Info
610-213-8458

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Chris NapoliCarr Real Estate-Upper DarbyMore Info
610-213-8458

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.