500 E Norwegian Street

    POTTSVILLE, PA 17901
    • $450,000
    • STATUS: Active
    • ON SITE: 117 days
    • ID#: PASK126516
    UPDATED: 102 min ago
    $450,000
    • 0
      BEDS
    • 0.58
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1920
    County:

    School Ratings & Info

    School District:

    Description

    Great multi-unit investment opportunity in Pottsville, PA. Large 16 unit building with 16 large apartments. Current average rent: $500 per unit. Rents can be raised to $550 or more with tenant utilities at lease renewal. Building has numerous infrastructure and cosmetic improvements in last 5 years. Most apartments renovated. Local maintenance and management in place! Currently FULLY OCCUPIED! Price is low relative to building income and potential for its increase. Please contact agent with any questions. The city has solid economic base with Yuengling Brewery in the city, surrounding industry and hospital, etc

    Monthly Payment Calculator

    ©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: 2019-10-18T23:54:09.977.
    www.centralpahomesaleteam.com/homes/96210223

    500 E Norwegian Street POTTSVILLE, PA 17901

    • Price: $450,000
    • Status: Active
    • Updated: 102 min ago
    • ID#: PASK126516
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.58
    Acres
    1920
    Built
    Neighborhood:
    Pottsville (13368)
    County:
    Schuylkill
    Area:
    Pottsville (13368)
    School District:
    Pottsville Area
    Property Description
    Great multi-unit investment opportunity in Pottsville, PA. Large 16 unit building with 16 large apartments. Current average rent: $500 per unit. Rents can be raised to $550 or more with tenant utilities at lease renewal. Building has numerous infrastructure and cosmetic improvements in last 5 years. Most apartments renovated. Local maintenance and management in place! Currently FULLY OCCUPIED! Price is low relative to building income and potential for its increase. Please contact agent with any questions. The city has solid economic base with Yuengling Brewery in the city, surrounding industry and hospital, etc
    Exterior Features

    Construction Materials BrickMasonry Garage YN No Parking Types Parking Lot Property Condition Average+Restored Riparian Rights YN No Water Access YN No Water Oriented YN No Waterfront YN No

    Interior Features

    Building Area Total 0.00 Cooling None Exclusions All in Unit Appliances Heating Baseboard - Electric Heating YN Yes Net Square Feet 25000.00

    Property Features

    Acceptable Financing CashConventional Accessibility Features None Annual Gross Expense 30000.00 Assessment Year 2019 Association YN No Business Type Apartment Building Central Air YN No Cooling Fuel None Gross Income 70000.00 Heating Fuel Electric Historic YN No Hot Water Electric Incorporated City Name Pottsville Lease Considered YN No Navigable Water YN N Net Operating Income 40000.00 New Construction YN No Number Of Units Total 16 Operating Expense Includes InsuranceManagement FeesElectricRepair/MaintenanceTrashSewerWater Original MLSNumber 301822392924 Owner Pays Common Area MaintenanceInsuranceManagement Ownership Interest Fee Simple Possession Immediate Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 5347.0 Tax Assessment Amount 70870.0 Tax Lot 294 Total Actual Rent 70000.00 Utilities Electric Available Vacation Rental YN No Water Source Public Zoning 374 RETAIL - MULTIPLE OC. Zoning Description 374 Retail - Multiple OccupancyMixed Use.

    Listing courtesy of Tcs Mgt Llc.
    ©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: 2019-10-18T23:54:09.977.
     
    Berkshire Hathaway HomeServices Homesale Realty
    801 Belvedere St, Suite 100
    Carlisle PA, 17013
    \