1. Pennsylvania
2. Pottstown
3. 110 KING STREET

110 KING STREET, Pottstown, PA 19464

Property Description

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 Status:

Active

Date Added:

March 4, 2025 at 06:00AM

Listing Office:

Carr Real Estate Company : 6103528484

Listing Agent:

Chris Andrew Napoli : 6102138458

MLS ID:

PAMC2130462

Interior

• Flooring: Laminate Plank
• A/C: Heat Pump(s)
• Heating: YHeat Pump - Electric BackUpElectric
• Disability Feature: 2+ Access Exits

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Chris Andrew Napoli, Carr Real Estate Company