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110 King St 9 Unit Apartment Building $475,000 ($52,778/Unit) 15.03% Cap Rate Pottstown, PA 19464
Executive Summary
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
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
Property Facts
| Price | $475,000 | Apartment Style | Low-Rise |
| Price Per Unit | $52,778 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 15.03% | Building Size | 4,941 SF |
| No. Units | 9 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1873 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | OR | ||
| Price | $475,000 |
| Price Per Unit | $52,778 |
| Sale Type | Investment |
| Cap Rate | 15.03% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 4,941 SF |
| No. Stories | 3 |
| Year Built | 1873 |
| Opportunity Zone |
Yes |
| Zoning | OR |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
1 1
Walk Score®
Very Walkable (87)
Bike Score®
Very Bikeable (70)
Property Taxes
| Parcel Number | 16-00-17200-001 | Improvements Assessment | $31,170 |
| Land Assessment | $55,860 | Total Assessment | $87,030 |
Property Taxes
Parcel Number
16-00-17200-001
Land Assessment
$55,860
Improvements Assessment
$31,170
Total Assessment
$87,030
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Carr Real Estate-Upper Darby
110 King St
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