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11 S Franklin Street

POTTSTOWN, PA 19464
  • $210,000
  • STATUS: Pending
  • ON SITE: 9 Days
  • ID#: PAMC2058556
Pending
$210,000
  • 0
    BEDS
  • 0.03
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,032
    SQFT
  • $103
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1880
County:

School Ratings & Info

School District:

Description

Cash flowing - turn key triplex for sale in the heart of Pottstown! Located just a block from shops and restaurants. All 3 units have had excellent occupancy and are all rented out. First floor pays $800, second floor pays $950 and third floor pays $850 for a total of 2,600 a month with room for growth! Comparable rentals are going anywhere from 1,000-1,175 per 1 bedroom in this location. Section 8 pays 1,248 per 1 bedroom, that's 3,744 per month or 44,928 . 11 S Franklin currently boasts an incredible 15% cap rate, if you went the section 8 route the cap increases to over 21%! Tenants pay electric and heat. Landlords pay water/sewer/trash but there is a possibility to separate water at the new PEX distribution manifold. Priced to sell, showings start Friday 11/25 - Why get another TV or gadget this Black Friday, buy something that will generate monthly passive income!

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©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Broc Schmelyun Team | RE/MAX. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-12-01T23:50:41.967.
www.soldbybroc.com/homes/134953815
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11 S Franklin Street POTTSTOWN, PA 19464

  • Price: $210,000
  • Status: Pending
  • On Site: 9 Days
  • ID#: PAMC2058556
0
Beds
0
Baths
0
½ Baths
0.03
Acres
2,032
SQFT
$103
$/SQFT
1880
Built
Neighborhood:
Pottstown Boro (10616)
County:
Montgomery
Area:
Pottstown Boro (10616)
School District:
Pottstown
Property Description
Cash flowing - turn key triplex for sale in the heart of Pottstown! Located just a block from shops and restaurants. All 3 units have had excellent occupancy and are all rented out. First floor pays $800, second floor pays $950 and third floor pays $850 for a total of 2,600 a month with room for growth! Comparable rentals are going anywhere from 1,000-1,175 per 1 bedroom in this location. Section 8 pays 1,248 per 1 bedroom, that's 3,744 per month or 44,928 . 11 S Franklin currently boasts an incredible 15% cap rate, if you went the section 8 route the cap increases to over 21%! Tenants pay electric and heat. Landlords pay water/sewer/trash but there is a possibility to separate water at the new PEX distribution manifold. Priced to sell, showings start Friday 11/25 - Why get another TV or gadget this Black Friday, buy something that will generate monthly passive income!
Exterior Features

Architectural Style Colonial Construction Materials Brick Garage YN No Other Structures Above GradeBelow Grade Parking Types On Street Pool No Pool Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 2032 Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling None Exclusions Tenants Personal Property Fireplaces Total 0 Heating Baseboard - Electric Heating YN Yes Single Room Units 0 Three Bedroom Units 0 Two Bedroom Units 0

Property Features

Acceptable Financing CashConventionalFha Accessibility Features None Assessment Year 2022 Central Air YN No Cooling Fuel Electric Foundation Details Stone Heating Fuel Electric Hot Water Electric Municipality Pottstown Boro Navigable Water YN N New Construction YN No Number Of Units Total 3 Original MLSNumber 802024140346 Ownership Interest Fee Simple Possession Subject To Existing Lease Property Sub Type Triplex Sale Type Standard Sewer Public Sewer Structure Design Type Detached Tax Annual Amount 3960.00 Tax Assessment Amount 65770.00 Tax Lot 111 Vacation Rental YN No Water Source Public Zoning D Zoning Description Fully Legal Triplex

Listing courtesy of Prime Real Estate Team: .


©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Broc Schmelyun Team | RE/MAX. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-12-01T23:50:41.967.
 
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1147 Eichelberger Street
Hanover PA, 17331