21 King St, Pottstown, PA 19464

Solid Brick Twin 2-Unit in the heart of up-and-coming downtown Pottstown. Conveniently located near Manatawny Park, the Pottstown Carousel, Montgomery County Community College West Campus, Steel River Playhouse, Schuylkill River Trail, and an unique array of shops, restaurants, brewpubs, and outdoor dining venues. There are 2 apartments- one 1 BR first floor unit and one 2-3 BR second/third floor unit. The first floor apartment includes a large porch, spacious kitchen, first floor laundry connections, living room and bedroom with high ceilings. The upstairs unit includes an eat-in kitchen, living room, bedroom and full bathroom on the second level, 2 additional bedrooms in the finished attic (Note one of the third floor bedrooms is a walk-through), plus additional attic storage area. There is plenty of room for outdoor activities on the side porch, two paver-style patios, nice back yard and landscaped side yard. A two car detached garage (22x23) with its own 200Amp electric service can be a source of additional income. The duplex property is currently vacant and can use some renovations and repairs, but, when ready, the apartments and garage should be easy to rent and start generating income. The following numbers are projections/estimates to provide a sense of the possible income and expenses: approximate monthly rents of $950, $1175, and $200 for the 2 apartments and detached garage total $27,900 annually. Annual projected expenses include estimates of $4455 taxes, $1500 home insurance (excluding flood insurance), $2800 oil, $600 landlord electric, $2200 water/sewer/trash. Net annual income with this scenario would be about $16,345/year. Variations in rental amounts, utility separation/allocation, etc. will affect the net income generated. The property is being sold in as-is condition and the buyer will be responsible for the use and occupancy inspection. This property represents a great opportunity to invest and join in the resurgence of Pottstown.