Pottstown Triplex For Sale!
Hey BP!
We have a 3282 sq ft triplex for sale in Pottstown, Pa. This property is in need of some TLC but would make for a great cash flowing property when rehabbed. It is located directly across the street from a huge redevelopment project called Beech Street Factory..."The Beech Street Factory combines affordable apartments with a community arts center to rejuvenate a forgotten Pottstown landmark. The proposed $12.5 million redevelopment of the vacant Fecera's Furniture warehouse at 341 Beech Street will turn the empty 60,000 space into 43 apartments, lots of resident amenity space, and the 3,000-square-foot new home of ArtFusion, Pottstown's well-known community art school and gallery."
http://artfusion19464.org/about/beech-st-factory/
Purchase Price- $35,000
Estimated Rehab Cost- $110,000-$120,000
Estimated Rent- Was previously rented at $1800. With improvements it could rent for up to $2500
Recent Multi Unit Sales:
529 King St, Pottstown, PA 19464 (Triplex) Sold for $105,000
384 South St, Pottstown, PA 19464 (4-Unit) Sold for $127,000
70 N Franklin St, Pottstown, PA 19464 (5-Unit) Sold for $112,000
602 E High St, Pottstown, PA 19464 (6- Unit) Sold for $235,000
226 King St, Pottstown, PA 19464 (Triplex) Sold for $140,000
11 W 3rd St, Pottstown, PA 19464 (Duplex) Sold for $122,000
428 King St, Pottstown, PA 19464 (4-Unit) Sold for $120,000
***Cash or Hard Money Preferred***
***Please Perform Your Due Diligence***