For Sale
$2,200,000
44 High St Pottstown, PA 19464
High-yield multifamily investment in revitalizing Pottstown.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 135
Highlights
- 24-unit apartment building with a mix of studio, one-bedroom, and two-bedroom units.
- Fee-simple ownership in a permitted Downtown zoning area of Pottstown, PA.
- 16,262 square feet on a 12,480 square foot lot; currently 100% occupied.
- $2,200,000 asking price ($91,667 per unit, $135.28 per square foot).
- Current NOI of $161,001 (7.32% cap rate); pro-forma NOI of $185,745 (8.44% cap rate) with rent increase potential.
Property Details for 44 High St
- Property type
- Apartment buildings
- Square Feet
- 16,262 SF
- Class
- C
- Buildings
- 1
- Stories
- 2
- Units
- 24
Location Insight
- City
- Pottstown
- County
- Montgomery
- State
- Pennsylvania
- Latitude
- 40.2456878
- Longitude
- -75.6541178
Nearby Similar for Sale
FAQs
- What type of property is this?
- Apartment building - High-yield multifamily investment in revitalizing Pottstown.
- Where is the apartment building located?
- The property is located at 44 High St Pottstown, PA.
- What is the asking price?
- The asking price for this property is $2,200,000.
- What are key features of this property?
- This property features: 24-unit apartment building with a mix of studio, one-bedroom, and two-bedroom units.; Fee-simple ownership in a permitted Downtown zoning area of Pottstown, PA.; 16,262 square feet on a 12,480 square foot lot; currently 100% occupied.
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