6,300 Sqft Lot
6,300 Sqft Lot
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Lot Size 6,300 Sqft
MLS Listing ID PAMC2155800
Total Units 8
Short Sale No
Originating MLS BRIGHT
Property Description
The building has been recently renovated and is current unoccupied. The following financials detail the potential this building has!
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
1-purchase type For Sale
Exterior
Garage Spaces 8
Waterfront N
Water Access N
Accessibility 2+ Access Exits
Parking Type Driveway, Parking Lot, Private Garage
Total Parking Spaces 8
Building
New Construction N
Lot Dimensions 45.00 x 0.00
Sewer Public Sewer
Water Public
Schools
School District Pottstown
Others
Tax Amount $54,059
Tax Year 2024
Tax ID 16-00-17200-001
Ownership Fee Simple
Special Sale Standard
