114 S Franklin St, Pottstown, PA 19464

Solid Income Producing 3 Unit Rental Property in Pottstown Borough. The 3 occupied Units consist of an Efficiency, a 1 Bedroom Apartment and a 3 Bedroom Apartment. The Efficiency, which includes a LR/BR, Kitchen and Bathroom, is on the Main Level and has a month to month lease for $500.00. The 1 Bedroom is also on the Main Level and has a month to month lease for $550.00. The 3 Bedroom Apartment includes the 2nd and 3rd Floors and has an exterior staircase, as well as, access from the Main Hallway. The lease of this space is subject to a yearly lease and is Section 8 Housing and rents for $1,050.00. The tenants are long term tenants who would like to stay and the rent is low for each unit. The property also includes additional sources of rental income in the 2 bay Garage(rented) and storage lockers. The Seller pays Water, Sewer, Trash and common area electric. The tenants pay for heat, electric and hot water. The Cap Rate for the property is above 8%. The property has been well maintained with upgrades including a new roof (2012), new windows (2019), Natural Gas Heating and Air Conditioning in Unit 3 (2014) and a renovated Kitchen with dishwasher in Unit 3 (2014). All 3 units are rented and showings require notice and are restricted to the following times: Monday through Saturday after 6:30 pm and all day Sunday.