20 S. 23rd Street Pottsville, PA 17901
- Property TypeMulti Unit Housing
- Number of Units40
- Lot Size3.2 acres
- Year Built-
- All Brick Exterior With Pitched Roofs
- Excellent Unit Mix: 50% 2-Bedrooms
- 3.2 Acres Of Total Land
- Possible Development Potential For 2-15 Townhomes On Approximately 2 Acres Of Land
Rittenhouse Realty Advisors (“RRA”) extends to qualified investors the opportunity to acquire Birchwood Gardens, a 40 unit garden style apartment community in Pottsville, Schuylkill County, Pennsylvania. Pottsville is the County Seat and home to Yuengling Beer – America’s oldest brewery. Pottsville lies along the west bank of the Schuylkill River and is approximately 25 miles northeast of Harrisburg, 20 miles west of Allentown, and 15 miles from Reading. The property has easy access to major transportation arteries such as I-81, I-80, I-78, I-276 (PA Turnpike), US Route 209, and State Route 61.
Birchwood Gardens is a two-and one-half-story, garden style community with brick exterior and pitched roofs. It consists of two buildings, twenty units per building. The property is 3.2 acres and has a possible development potential for 2-15 townhomes on the 2 acres in front of the complex. Birchwood Garden’s unit mix is excellent with 50% one-bedrooms and 50% two-bedrooms. Heat and hot water are provided by the owner via a gas-fired boiler. Electricity is individually metered and paid by the tenants.
The Pottsville multi-housing market lacks garden style complexes and has no true competition. Due to the lack of supply, renters are forced to consider single-family and duplex units for rentals instead of garden style communities.
At $41,250 per unit, this offering represents an outstanding opportunity to a new owner.
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