109 E High St, Pottstown, PA 19464

Property Description

Join the momentum of downtown Pottstown’s revitalization with this fully rented four-story mixed-use property, well maintained and offering a strong investment opportunity with a net operating income of around $21,294. The first floor features a 1,600 sq ft commercial space with two off-street parking spaces, a main area with carpet and laminate flooring, kitchenette, half bath, and additional finished room. The second floor apartment is also about 1,600 sq ft with two bedrooms, a full bath, living room, and kitchen, while the third and fourth floor apartments are each approximately 1,000 sq ft, offering one bedroom, bath, living room, dining room, and kitchen; both updated within the past six years. The property generates about $35,000 annually with expenses of approximately $13,706 (gas $2,000, insurance $3,000, water/sewer/trash $3,000, taxes are $5,706). Sale includes 109 1/2 E High St (Bright will not accept fractions) and does not include 112 High St. The building consists of four units: one commercial on the first floor and three residential apartments above; with rents of $950 for the 1st floor, $1,400 for the 2nd floor, and approximately $1,000 each for the 3rd and 4th floors (status of 3rd and 4th to be confirmed). Electric and gas are separately metered, the owner covers water/sewer/trash as customary in Pottstown, and all rental licenses are current.