428 South St, Pottstown, PA 19464

Property Description

INVEST IN THIS 5-BEDROOM 2 FULL BATHROOM HOME that could result in an almost 20% CASH-ON-CASH RETURN, and a CAP RATE OF OVER 11%, Montgomery County Housing Authority pays $2,980 per month for 5-bedroom twins and end of rows in Pottstown, After subtracting $331 per month for utilities this home nets $2,649 per month in rent and will cash flow over $800 per month, Check out the investment performance images in the photos, and even more details in the documents section, CALL TO LEARN MORE ABOUT HOW MCHA SUBSIDIZED RENTALS (aka Section 8 rents) WORK - FOR OWNER OCCUPANTS CALL TO LEARN ABOUT DOWN PAYMENT ASSISTANCE, GRANTS, AND FORGIVABLE LOANS that make this home even more affordable with mortgage interest rates approaching 6% (Check out the estimate of closing costs and payments in the online documents), SINGLE-FAMILY SEMI-DETACHED home, MOVE-IN- CONDITION, Low maintenance brick exterior, vinyl replacement windows, reliable warm hot water baseboard heat WITH GLEAMING NEW “THERMO-DYNAMICS” BOILER and “BECKETT” BURNER INSTALED in DECEMBER 2024, and upgraded 200 amp electric service in an excellent Pottstown location only a block from downtown with new restaurants, pubs, and quaint shops that are all part of revitalizing Pottstown, This home is very inviting and bright and would be appealing to proud owner-occupiers or the best of would-be tenants, Desirable features of this home typically found in modern homes include lots of natural light, handsome exposed brick wall, recessed lighting, ceiling fans in all bedrooms, and ample electrical outlets in all rooms, Large bright kitchen with plenty of cabinetry and a convenient first floor half bath, decorative fireplace, front and rear staircases, and a bright laundry/sunroom overlooking the private yard, Appliances included - FLAT TOP RANGE, SIDE-BY-SIDE REFRIGERATOR and DRYER, Full basement with easy Bilco door access, Off-street parking, Very short walks to Schuylkill River trails, community park and very easy access to Routes 422 and 100, (If a garage is added, total monthly rent would increase by $300 per month and total monthly cash flow would be even higher and more attractive at around $1,100 per month)