500 E Norwegian St Pottsville, PA – $300,000 – SOLD

500 E Norwegian St Pottsville, PA – $300,000 – SOLD
$300,000
6107
Sold
Building Size 25,470 sq ft MLS # 6239843
This property is currently not available.

PRICED TO SELL!!!! 16 Unit Apartment Building in Pottsville PA. Eleven 2 Beddroom and five 3 Bedroom. 1 -1700 sf, 2 – 1600sf, 7- 1000 sf, 5- 950 sf 1- 900 sf. 11 Units occupied, 5 units in various
stages of rehab. Coin operated washers and dryers on each floor. New electric heat in 11 rented apartments. Apartments are very large and nicely appointed. Actual Income totals $68,000 and
expenses total $35,000. NOI $32,000. Property offered at 10.8% cap rate. Tremendous value added potential by completing rehab and renting 5 additional apartments. Potential to increase NOI to $59,000 or 20% Cap rate. 21 off street parking spaces. Public transportation available in front of property. Property located 3 blocks east of Pottsville Pike (Route 61). Near routes  9,901,183, 443,I-81 & I-78. Serious inquiries only. Proof of funds required before first showing.

 

Flyer

Demographics

Video

Contact Me