Adam Hiner - Coldwell Banker Hearthside
44 E Bacon St


Fantastic cash cow apartment building located in the desirable Palo Alto neighborhood in Pottsville. Former meat packing building. Solid construction, stucco over block. Long term owner who occupied one of the units up until recently. The building consists of a total of 4 units spread over two levels and two addresses 44-46 E. Bacon St but is known as 44 E. Bacon St. Level 1 on the 44 side consists of 5 boarding rooms rented on a monthly basis at $300-400/month, some long term tenants, some units furnished, community bath and main area. Owner pays all utilities for these rooms. Gross rents at capacity is $1625/month. This is referred to collectively as unit 1. Unit 2, 44 side 2nd level has 5 rooms, 2 BRS, new windows, electric cooking, electric hot water, new carpeting, tenant pays electric, rented for $850/month. Unit 3 is on the 46 side level 1 rear is an efficiency apt, built-in bunk bed, electric baseboard heat backup, electric hot water & cooking, tenant pays electric, rented for $475/month. Unit 4 is on the 46 side 2nd level has 5 rooms, 2 BRS, enclosed rear porch, replacement windows, 100 AMP panel in unit, electric hot water & cooking, tenant pays all electric, rents for $850/month. Owner pays oil heating for all the units and cold water/sewer. Tenants pay for trash. 4 zones for heating.Gross yearly rents at full occupancy is $45,600. Total expenses $11,506. Net operating income $34,094. Cap Rate at 24%. The building is in overall very good condition with many recent updates. This is a definite must for your investment portfolio!


Days On Site36


SQ Feet3,000

Loading Form

Loading Form

Area Information

Zip Code17901
AreaPalo Alto Boro (13357)
Listing VS Median (in 17901)
low | high
89.957112223016% of Average
low | high
100% of Average
$ / SqFt:
low | high
100% of Average
On Site:
low | high
100% of Average
Listing Updated: 01/21/2019
MLS Number: PASK115630
Listing Provided By:
Jose M Candelaria  of  RE MAX Of Reading

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

Information Deemed Reliable But Not Guaranteed

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.

Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller.

Copyright BRIGHT, All Rights Reserved