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500 E Norwegian, Pottsville, PA 17901

$250,000

  • Sold
  • Closed
  • Commercial
500 E Norwegian, Pottsville, PA 17901 View this property at 500 E Norwegian, Pottsville, PA 17901
500 E Norwegian Pottsville PA 17901

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Property Description

PRICED TO SELL!!!! 16 Unit Apartment Building in Pottsville PA. Eleven 2 Beddroom and five 3 Bedroom. 1 -1700 sf, 2 ? 1600sf, 7- 1000 sf, 5- 950 sf 1- 900 sf. 11 Units occupied, 5 units in various stages of rehab. Coin operated washers and dryers on each floor. New electric heat in 11 rented apartments. Apartments are very large and nicely appointed. Actual Income totals $68,000 and expenses total $35,000. NOI $32,000. Property offered at 10.8% cap rate. Tremendous value added potential by completing rehab and renting 5 additional apartments. Potential to increase NOI to $59,000 or 20% Cap rate. 21 off street parking spaces. Public transportation available in front of property. Property located 3 blocks east of Pottsville Pike (Route 61).
Near routes 209,901, 183, 443,I-81 & I-78. Serious inquiries only. Proof of funds required before first showing.

Full Property Details for 500 E Norwegian

  • Sold For: $250,000
  • Taxes: $5,001 (2013)
  • Status: Closed
  • Type: Commercial
  • MLS ID: 6239843
  • Added: 1, 581 day(s) ago

Property History

  • 500 E Norwegian, Pottsville, PA
  • Sold at $250,000 on 11/5/13
  • Listed at $300,000 on 6/25/13

Location

  • Area: Schuylkill County
  • County: SCHUYLKILL

Utilities

  • Utility Description: Water Available, Sewer Available, Gas Available, PhoneUtil, Cable TV Available, UnderGrndUti

Structural Information

  • Roof: Pitched Roof
  • Square Feet: 25,470
  • Year Built: 1876

Lot Features

  • Lot Size (Acres): 0.58
  • Lot Dimensions: IRREGULAR
  • Frontage: Boro/Township
  • Topography: Level
  • Zoning: COMM

Financial Considerations

  • Tax Amount: $5,001
  • Tax Year: 2013

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— 500 E Norwegian —

500 E Norwegian, Pottsville, PA 17901 (MLS# 6239843) is a Commercial property that was sold at $250,000 on November 05, 2013. This property was listed by Joseph Leone from our Blue Bell Office. Want to learn more about 500 E Norwegian? Do you have questions about finding other Commercial real estate for sale in Pottsville? You can browse all Pottsville real estate or contact a Coldwell Banker agent to request more information.