Property Details
Property Type
Multi Family-4 Unit Commercial + Parking
Location
Deal type
Pottsville
Asking Price: $775,000Units: 4 Commercial UnitsSquare Footage: 13,923 SFLot Size: 0.80 Acres (Includes Parking Lots)Zoning: Commercial Office + Commercial Parking LotFinancing: Seller Financing Available – 10% Down, 4.5% Interest, 30-Year Amortization
Investment Overview:The Atkins Mansion is a premier commercial asset in the heart of Pottsville with existing lease income, proven stability, and substantial upside potential. The property is fully occupied with tenants including a behavioral health agency and a food distributor. Additional unrenovated space on the second floor can be built out for added revenue, and the city-approved parking lot across the street is primed for monetization.
Financials:
Current Gross Rents: $95,177.32
Current NOI: $50,029.90
Projected Gross Rents: $131,316.75
Projected NOI: $80,750.12
Cap Rate (Projected): 11.22%
Cash-on-Cash Return (Projected): 24.57%
Highlights:
Seller Financing Available
20%+ Equity Based on 2021 Appraisal ($905,000)
Updated Utilities, HVAC, Electrical, and Plumbing
Large Parking Lot Approved for Paid Use ($18,000+/yr projected)