44 E Bacon Street

    POTTSVILLE, PA 17901
    • $139,900
    • STATUS: Active
    • ON SITE: 126 days
    • ID#: PASK115630
    UPDATED: 63 min ago
    $139,900
    • 0
      BEDS
    • 0.09
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,000
      SQFT
    • $47
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    School District:

    Description

    Fantastic cash cow apartment fully rented with the exception of Unit Room E currently occupied by the owner as his office. The building is located in the desirable Palo Alto neighborhood in Pottsville. Former meat packing building. Solid construction, stucco over block. Long term owner who occupied one of the units up until recently. The building consists of a total of 4 units spread over two levels and two addresses 44-46 E. Bacon St but is known as 44 E. Bacon St. Level 1 on the 44 side consists of 5 boarding rooms rented on a monthly basis at $300-400/month, some long term tenants, some units furnished, community bath and main area. Unit A - $350/month, Unit B - $375/month, Unit C - $300/month, Unit D - $300/month, Unit E -$400/month/owner's office. Owner pays all utilities for these rooms. Gross rents at capacity is $1725/month. 4 out of the 5 Rooms are currently rented. The owner occupies the 5th room. as his office. This is referred to collectively as unit 1. Unit 2, 44 side 2nd level has 5 rooms, 2 BRS, new windows, electric cooking, electric hot water, new carpeting, tenant pays electric, rented for $850/month. Unit 3 is on the 46 side level 1 rear is an efficiency apt, built-in bunk bed, electric baseboard heat backup, electric hot water & cooking, tenant pays electric, rented for $450/month. Unit 4 is on the 46 side 2nd level has 5 rooms, 2 BRS, enclosed rear porch, replacement windows, 100 AMP panel in unit, electric hot water & cooking, tenant pays all electric, rented for $700/month. Owner pays oil heating for all the units and cold water/sewer. Tenants pay for trash. 4 zones for heating. Gross yearly rents at full occupancy is $44,700. Current monthly rents $3,325. Total expenses $12,356. Net operating income $32,344. Cap Rate at 23%. Insurance: $2,000. Water/Sewer: $2,000. Electric: $2,700. Heat: $3,600. Inspection: $150. Taxes: $2,506. The building is in overall very good condition with many recent updates. New asphalt rolled roof in 2003. New oil boiler in 2003. This is a definite must for your investment portfolio!

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    ©2019 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. 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: 2019-04-23T13:57:16.277.
    www.centralpahomesaleteam.com/homes/90121040

    44 E Bacon Street POTTSVILLE, PA 17901

    • Price: $139,900
    • Status: Active
    • Updated: 63 min ago
    • ID#: PASK115630
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.09
    Acres
    3,000
    SQFT
    $47
    $/SQFT
    Neighborhood:
    Palo Alto Boro (13357)
    County:
    Schuylkill
    Area:
    Palo Alto Boro (13357)
    School District:
    Pottsville Area
    Property Description
    Fantastic cash cow apartment fully rented with the exception of Unit Room E currently occupied by the owner as his office. The building is located in the desirable Palo Alto neighborhood in Pottsville. Former meat packing building. Solid construction, stucco over block. Long term owner who occupied one of the units up until recently. The building consists of a total of 4 units spread over two levels and two addresses 44-46 E. Bacon St but is known as 44 E. Bacon St. Level 1 on the 44 side consists of 5 boarding rooms rented on a monthly basis at $300-400/month, some long term tenants, some units furnished, community bath and main area. Unit A - $350/month, Unit B - $375/month, Unit C - $300/month, Unit D - $300/month, Unit E -$400/month/owner's office. Owner pays all utilities for these rooms. Gross rents at capacity is $1725/month. 4 out of the 5 Rooms are currently rented. The owner occupies the 5th room. as his office. This is referred to collectively as unit 1. Unit 2, 44 side 2nd level has 5 rooms, 2 BRS, new windows, electric cooking, electric hot water, new carpeting, tenant pays electric, rented for $850/month. Unit 3 is on the 46 side level 1 rear is an efficiency apt, built-in bunk bed, electric baseboard heat backup, electric hot water & cooking, tenant pays electric, rented for $450/month. Unit 4 is on the 46 side 2nd level has 5 rooms, 2 BRS, enclosed rear porch, replacement windows, 100 AMP panel in unit, electric hot water & cooking, tenant pays all electric, rented for $700/month. Owner pays oil heating for all the units and cold water/sewer. Tenants pay for trash. 4 zones for heating. Gross yearly rents at full occupancy is $44,700. Current monthly rents $3,325. Total expenses $12,356. Net operating income $32,344. Cap Rate at 23%. Insurance: $2,000. Water/Sewer: $2,000. Electric: $2,700. Heat: $3,600. Inspection: $150. Taxes: $2,506. The building is in overall very good condition with many recent updates. New asphalt rolled roof in 2003. New oil boiler in 2003. This is a definite must for your investment portfolio!
    Exterior Features

    Architectural Style Federal Construction Materials BlockConcreteMasonryBrickStucco Exterior Features SidewalksPlay AreaStreet Lights Garage YN No Other Structures Above GradeBelow Grade Parking Types On Street Pool No Pool Property Condition Average+ Riparian Rights YN No Water Access YN No Water Oriented YN No Waterfront YN No

    Interior Features

    Above Grade Fin SQFT 3000 Appliances Oven/Range - ElectricRefrigeratorWater Heater Basement FullUnfinished Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 0 Building Area Total 0.00 Cooling Window Unit(S) Fireplace YN No Fireplaces Total 0 Heating Hot Water Heating YN Yes Inclusions 4 Range/Ovens4 Refrigerators Interior Features CarpetStall ShowerCeilngfan(S)Entry Level Bedroom Single Room Units 2 Spa YN No Three Bedroom Units 0 Two Bedroom Units 2 Units Furnished Some

    Property Features

    Accessibility Features Level Entry - Main Association YN No Central Air YN No Cooling Fuel Electric Cross Street Route 61 Electric Average Monthly 18.75 Existing Lease Type Month To MonthYearly Heating Fuel Oil Historic YN No Hot Water Electric Incorporated City Name Reading Insurance Expense 2000.00 Navigable Water YN N Net Operating Income 32356.00 New Construction YN No Number Of Units Total 4 Number Of Units Vacant 2 Operating Expense 12356.00 Operating Expense Includes Insurance Original MLSNumber 301242060281 Other Expense 3600.00 Owner Pays Advertising/Licenses And PermitsCommon Area MaintenanceHeatInsuranceLawn/Shrub CareManagementRepairsSewerSewer MaintenanceSnow RemovalTaxes - Real EstateWater Ownership Interest Fee Simple Pool Expense 0.00 Possession SettlementSubject To Existing Lease Property Sub Type Quadruplex Rent Control YN No Sale Type Standard Sewer Public Sewer Structure Design Type Detached Tax Annual Amount 2506.0 Tax Assessment Amount 37975.0 Tax Lot 81(1) Total Actual Rent 44700.00 Trash Expense 0.00 Vacation Rental YN No Water Average Monthly 166.67 Water Source Public Window Features Double PaneReplacement Zoning R3

    Listing courtesy of Re/Max Of Reading.
    ©2019 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. 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: 2019-04-23T13:57:16.277.
     
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