3 Unit Investment property, increased income credential. 2 1-bedroom apartments and 1 efficiency.
This to be built duplex is available and ready to be built. This duplex consists of two 2bed 2 bath dwellings and could provide off street parking for each unit. Each unit will come with granite counter tops, and fully stocked with appliances making it perfect for and investor to build as a rental, or for a couple or small family to live in the one dwelling, and rent out the other to cover expenses. This is not a builder exclusive listing so feel free to bring your own builder and plans if so desired. Please reach out to the listing agent today to inquire and get more information.
Three Unit in Pottstown Boro, each with two bedrooms. Landlord pays water, sewer, trash. Unit one has tenants in place since 2021, accessible from front and has its own private patio and use of basement (with laundry hook up). Unit two has an enclosed back porch and shares the yard with Unit three. Unit three is a separate building outback and has its own off-street parking. Separate electric panels for each unit. Natural gas only feeds Unit two range and range and hot water heater in Unit 3, there are separate meters for each. Tenants pay electric and gas. Unit 1 rent $1075/mo, Unit 2 rent $950/mo, Unit 3 rent $1,300/mo. Cap Rate at $365,000 is 8%
113 S washington St is also known as Princess Bakery. While this property once housed an iconic local bakery it has now been transformed. The property is made up of 3 renovated 2 bedroom 1 bathroom apartments. All of these apartments were renovated in 2018. They offer luxury vinyl flooring, ceramic tile bathrooms, carpeted bedrooms, granite counters, stainless appliances and washer/dryers in each unit. Along with these 3 residential units there are 2 commercial spaces which could be used as 1 or 2 uses. The old bakery is still present with the mixing equipment and 15' brick ovens. While this space has been vacated for many years it still holds the charm and possibilities of the old bakery. This space has a new edpm flat roof which was completely replaced in 2017 and is about 3000 sqft. This is a very unique property with much room for increased rents and uses. No private parking and the building sits on the property line abbutting 2 alley ways.
The median home value in Pottstown, PA is $320,000. This is lower than the county median home value of $419,100. The national median home value is $338,100. The average price of homes sold in Pottstown, PA is $320,000. Approximately 44.22% of Pottstown homes are owned, compared to 44.45% rented, while 11.34% are vacant. Pottstown real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Pottstown real estate agent to arrange a tour today!
Pottstown, Pennsylvania has a population of 23,282. Pottstown is less family-centric than the surrounding county with 22.34% of the households containing married families with children. The county average for households married with children is 34.89%.
The median household income in Pottstown, Pennsylvania is $52,722. The median household income for the surrounding county is $99,361 compared to the national median of $69,021. The median age of people living in Pottstown is 35.4 years.
The average high temperature in July is 85.7 degrees, with an average low temperature in January of 22.8 degrees. The average rainfall is approximately 46.9 inches per year, with 16.8 inches of snow per year.