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11 S Franklin Street, Pottstown, PA 19464
$231,000
11 S Franklin Street, Pottstown, PA 19464View this property at 11 S Franklin Street, Pottstown, PA 19464
11 S Franklin StreetPottstownPA19464
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Property Description
Cash flowing - turn key triplex for sale in the heart of Pottstown! Located just a block from shops and restaurants. All 3 units have had excellent occupancy and are all rented out. First floor pays $800, second floor pays $950 and third floor pays $850 for a total of 2,600 a month with room for growth! Comparable rentals are going anywhere from 1,000-1,175 per 1 bedroom in this location. Section 8 pays 1,248 per 1 bedroom, that's 3,744 per month or 44,928 . 11 S Franklin currently boasts an incredible 15% cap rate, if you went the section 8 route the cap increases to over 21%! Tenants pay electric and heat. Landlords pay water/sewer/trash but there is a possibility to separate water at the new PEX distribution manifold. Priced to sell, showings start Friday 11/25 - Why get another TV or gadget this Black Friday, buy something that will generate monthly passive income!
Full Property Details
Full Property Details for 11 S Franklin St
General
- Sold For: $231,000
- Taxes: $3,960 (2022)
- Status: Closed
- Type: Triplex
- MLS ID: PAMC2058556
- Added to Site: 556 day(s) ago
Parking
- Parking Type: On Street
Location
- Area: Pottstown Boro (10616)
- Municipality: POTTSTOWN BORO
- County: Montgomery
- Driving Directions: North on High Street turn onto Franklin
School Information
- School District: Pottstown
Heating & Cooling
- Cooling Type: None
- Cooling Fuel: Electric
- Heating Type: Baseboard - Electric
- Heating Fuel: Electric
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Info: Colonial
- Architectural Style: Colonial
- Structure Type: Detached
- Construction: Brick
- Foundation: Stone
- Stories/Levels: 0
- Square Feet: 2,032
- Sq. Ft. Source: Assessor
- Living Area: 2,032 Sq. Ft.
- Finished Above Grnd: 2,032 Sq. Ft.
- Year Built: 1880
- Year Built Source: Assessor
Unit Information
- 1 Bedroom Units: 3
Lot Features
- Lot Size (Acres): 0.03
- Lot Size (Sq. Ft.): 1,203
- Lot Size Source: Assessor
- Lot Dimensions: 20.00 x 0.00
- Zoning: D
Financial Considerations
- Price Per Sq. Ft.: $103.35
- Assessment Year: 2022
- School Tax: $2,785
- City/TownTax: $917
- City/TownTax Freq: Annually
- County Tax: $258
- County Tax Freq: Annually
- Tax w/Assessment: $65,770
- Tax Amount: $3,960
- Tax Year: 2022
- Terms: Standard Sale
- Tax Total Finished Sq. Ft.: 2032
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Ownership: Fee Simple
- Exclusions: Tenants personal property
- Lot Number: 111
Listed by Prime Real Estate Team, David C Cary
Sold by BHHS Fox & Roach-Collegeville, Christa Ward
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Schools
Schools serving 11 S Franklin St
School District:Pottstown School District
Rating | Name | Grades | Distance |
---|---|---|---|
750 N Washington St, Pottstown, PA 19464 | 9-12 | 0.8 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 11 S Franklin St
Date
Details
Price
Change
Source
1/03/2023
Sold
$231,000
10%
MLS
11/22/2022
Listed
$210,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
11 S Franklin Street, Pottstown, PA 19464 (MLS# PAMC2058556) is a Triplex property that was sold at $231,000 on January 03, 2023. Want to learn more about 11 S Franklin Street? Do you have questions about finding other Triplex real estate for sale in Pottstown? You can browse all Pottstown real estate or contact a Coldwell Banker agent to request more information.