44 E Bacon St Pottsville, Fantastic cash cow apartment in Pottsville, PA

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 1 of the units up until recently. The building consists of a total of four units spread over two story and 2 addresses 44-46 E. Bacon St but is known as 44 E. Bacon St. Level one on the 44 side consists of five boarding rooms rented on a monthly basis at $[removed phone]/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 second level has five rooms, two BEDROOMs, new windows, electric cooking, electric hot water, new carpeting, tenant pays electric, rented for $850/month. Unit three is on the 46 side level one rear is an efficiency apartment, built-in bunk bed, electric baseboard heat backup, electric hot water & cooking, tenant pays electric, rented for $475/month. Unit four is on the 46 side second level has five rooms, two BEDROOMs, 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. four 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 terrific condition with many recent updates. This is a definite must for your investment portfolio!