428 KING ST, POTTSTOWN, PA
Your opportunity to own an investor seasoned and well built Brick Victorian rental property with a solid 14% cap rate has arrived. Priced to sell, this property offers a new owner positive cash flow from day one and if profits are used to pay down principal mortgage, you’re paid of in 7 years and bringing 17,000 in additional income for the balance of your ownership, pretty sweet deal. This property has had continuous ownership for nearly 30 years, which means your getting a well maintained, well oiled cash producing machine with a great rental history and low owner paid expenses, which equals a great real estate investment. Here is what you get: 3 of 4 units have completely updated kitchen and baths, new paint and carpet. All units have a private and gated entrance. Each unit has separate electric service and electric heat. Unit 2 is rented as a 1 BR, but with 2 bedrooms on the third floor it could be a 3 BR unit if a fire escape were added, which would add an additional 3600 dollars a year of income potential to your cash flow machine, in addition there is parking for 5 cars and a basement for additional storage income too. This property has been professionally appraised and priced aggressively below the rest of the Pottstown investment property market to sell quickly and we strongly encourage you schedule an appointment before someone else gets this great investment first. This is a cash flow machine, don’t let this investor opportunity pass you by.