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%
Presented By: Carr Real Estate Company
Interior Features for 110 King Street
Other Interior Features
Central Air Y/NNo
FlooringLaminate Plank
Heating FuelElectric
Heating Y/NYes
Hot WaterElectric
General for 110 King Street
Accessibility2+ Access Exits
Business TypeApartment Building
CityPOTTSTOWN
Construction MaterialsBrick, Vinyl Siding
Cool FuelElectric
CoolingHeat Pump(s)
CountyMONTGOMERY
DirectionsIn the historic district of King Street
DisclosuresAgent has Financial Interest
HeatingHeat Pump - Electric BackUp
Lease Considered Y/NNo
Lot Size Square Feet6300.00
Lot Size UnitsSquare Feet
MLS AreaPottstown Boro (10616)
ModificationTimestamp2025-03-04T15:25:32
MunicipalityPOTTSTOWN BORO
New ConstructionNo
Number Of Units Total8
OwnershipFee Simple
Possession0-30 Days CD
Property ConditionGood
Property SubtypeFive Or More Units
Property TypeCommercial Sale
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Tax Annual Amount5459.0
Tax Assessed Value87030.0
Tax Lot003
Tax Year2024
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1873
Year Built SourceAssessor
ZoningCOMMERCIAL
Exterior for 110 King Street
Building Area Total0.00
Car Parking Spaces8
Land Assessed Value0.00
Land Use Code1145
Lot Dimensions45.00 x 0.00
Lot Size Acres0.14
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
Total Loading Docks0
Total Parking Spaces8
Type of ParkingDriveway, Parking Lot, Private Garage
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