$370,000
$415,000
10.8%For more information regarding the value of a property, please contact us for a free consultation.
113 KING ST Pottstown, PA 19464
1,720 SqFt
Key Details
Sold Price $370,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 1,720 sqft
Price per Sqft $215
Subdivision Pottstown
MLS Listing ID PAMC2097598
Sold Date 04/17/24
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $4,446
Tax Year 2022
Lot Size 3,248 Sqft
Acres 0.07
Lot Dimensions 19.00 x 0.00
Property Description
This 5-Unit in the heart of historic on-the-rise Pottstown Borough is an instant money maker! Units include four 1-bedroom units and one 2-bedroom unit. Electric, heat and hot water are all separated per unit and tenants' responsibility. Landlord currently pays water, sewer and trash collection. All units are currently occupied with month to month leases. Current rents are far under market value, providing an opportunity at fair market value for a cap rate of over 11%. There's no way to lose with this one!
Location
State PA
County Montgomery
Area Pottstown Boro (10616)
Zoning RESIDENTIAL
Interior
Hot Water Electric
Heating Other
Cooling Window Unit(s)
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Pottstown
Others
Tax ID 16-00-17676-002
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Crystal Foster • VRA Realty
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