1060 W High St
$375,000
1060 W High St, Pottstown, PA 19464
8.79
Cap Rate
33,969
NOI
Details:
Highlights:
- Days on Market: 19
Description:
Level
ANOTHER 422 OPPORTUNITY !!! Users and Investors, we have successfully brought you another fine property to purchase. This is a 1 parcel, 2-tenant, 2 building property, on a major thoroughfare. Gross revenue is $43200. NOI $33.1k producing an 8.82% CAP. Owner only pays taxes and insurance. Tenants pay water & sewer. Property consists of a 2-bay garage leased by an independent mechanic and a used car office building & lot leased by "We Buy Any Car" for the past 13 years.
1) Garage floor plan: 1575 sq feet, 2-bay garage, office, parts room, bathroom, 2 misc utility rooms & outside bathroom. 2 lifts.
2) Used Car lot: recently renovated 424 sq foot rectangular office w/ bathroom and 25 parking spots.
This was a gas station in another life and tank closure documentation is attached. AKA 1040 & 1070 W. High Street.
Each bldg has its own on-site sewage system, both are older but functioning. After township and seller inspections, Township approves continued use of existing systems. If systems fail, township will require connection to public sewer or holding tanks installed. See attached seller septic report.
Location
Gallery
