110 King St 9 Unité Immeuble d’appartements 659 210 $ CAD (73 246 $ CAD/Unité) 15,03% Taux de capitalisation Pottstown, PA 19464

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