This exceptional 19,136 square foot multi-family brick office complex presents a compelling investment opportunity in Pottstown, PA. Situated on a 1.81-acre lot, the property boasts a prime location in close proximity to Pottstown Hospital and numerous professional/medical buildings, ensuring high visibility and convenient access for tenants. Currently, 11 of the 17 units are occupied, demonstrating strong tenant demand and potential for immediate income generation. Several suites have undergone recent renovations, featuring modern upgrades such as LED lighting, fresh paint, and new flooring. All communal bathrooms on each floor have been completely renovated within the past year, enhancing the overall appeal and functionality of the building. Select units offer the added convenience of private restrooms and kitchenettes. The property also benefits from a recently repaved parking lot and professionally landscaped grounds, creating a welcoming and well-maintained environment for tenants and visitors. The asking price for this established and well-maintained office complex is $895,000, representing a significant opportunity for investors seeking a stable and potentially high-yield investment in a desirable location. The strong tenant base and recent improvements position this property for continued success and growth.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$7,760,948
6.5%
$7,163,952
7%
$6,652,242
Comparable approach
Method
Valuation
Relative Method
$3,858,624
Geo Method
$3,674,943
Alternative Use
Use
Valuation
Residential
$8,883,301
Hospitality
$8,137,056
Educational
$6,769,935
Medical
$7,002,764
Retail
$10,531,010
Location Insight
City
Pottstown
County
Montgomery
State
Pennsylvania
Latitude
40.2421
Longitude
-75.6098
CBSA code
37980
CBSA name
PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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