request_info_guest false

110 King St

$595,000

110 King St, Pottstown, PA 19464

Active
Last Updated: 06/30/2025

1873

Year Built

COMMERCIAL

Zoning

Details:
Year Built:    1873
Zoning:    COMMERCIAL
Highlights:
  • Days on Market: 119
  • Heating: Heat Pump - Electric BackUp
Description:

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%

Map:
Location
Gallery