508 N Franklin St, POTTSTOWN, PA

$275,000

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2,825

Square feet

0.19

Acres

About 508 N Franklin St

Coming Soon! Showings will begin approximately July 1st! This is a very clean, well maintained, above average and professionally managed 4 unit residential building with additional "5th unit" 3 bay 800+ sq. ft garage. All units are currently occupied including rented garage! Step into a completely up and running building! Clean operation - All units are separate tenant paid low maintenance electric baseboard heat, tenant paid low maintenance electric hot water. Landlord pays water, sewer and trash. Off street parking in the rear of building provides an additional 4 to 6 parking spaces. Unit 1 - 1 bedroom - remodeled 2018, Unit 2 - 2 bedroom - remodeled 2017, Unit 3 - 1 bedroom - remodeled 2014, Unit 4 - 1 bedroom l bedroom - remodeled 2014. Exterior has been maintained in great condition, new dimensional shingle roof in 2015, nice yard area for tenants to enjoy. It has very great curb appeal and makes a great first impression for prospective tenants. This and overall above average conditions results in lower vacancy periods! This building would be ideal for both the beginning novice investor as well as the experienced investor. There is plenty of upside potential with this building! Additional interior pictures may be added at a later date! Be a part of Pottstown revitalization and economic growth! Current estimated cap rate 10.2%, potential for 11.5% and above!

Features of 508 N Franklin St

MLS® # PAMC2041908
Price $275,000
Bathrooms 0.00
Square Footage 2,825
Acres 0.19
Year Built 1900
Type Multi-Family
Sub-Type Quad, Detached
Style Colonial
Status Active Under Contract

Community Information

Address 508 N Franklin St
Area Pottstown Boro (10616)
City POTTSTOWN
County MONTGOMERY-PA
State PA
Municipality POTTSTOWN BORO
Zip Code 19464

Amenities

Is Waterfront No

Interior

Heating Baseboard - Electric
Cooling None
Has Basement No
Fireplace No

Exterior

Exterior Asbestos
Foundation Other

School Information

District POTTSTOWN

Additional Information

Date Listed June 27th, 2022
Zoning MULTI-FAMILY
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeRE/MAX Action Associates

Listing Map

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