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$619,900
Est. payment /mo
6 Beds
4 Baths
5,614 SqFt
UPDATED:
Key Details
Property Type Other Types
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 5,614 sqft
Price per Sqft $110
Subdivision Not In Development
MLS Listing ID 781710
Bedrooms 6
Full Baths 4
Construction Status Unknown
HOA Y/N No
Year Built 1900
Annual Tax Amount $7,208
Lot Size 2,657 Sqft
Acres 0.061
Property Sub-Type Apartment
Property Description
Turnkey 4-unit investment opportunity generating strong cash flow in a prime downtown location. This well-maintained property produces $78,600 in gross annual income with an impressive net income of $63,542, delivering a 9.77% cap rate. The building has been extensively updated, featuring a newer roof, modernized kitchens and bathrooms, and durable LVP flooring throughout most of the building. Over $70,000 in improvements have been invested into the thriving daycare tenant occupying the first floor, adding long-term stability to the income stream. Additional highlights include off-street parking, with ample free public parking nearby for tenants and visitors. Ideally situated within walking distance to restaurants, shops, and everyday conveniences, this property benefits from strong rental demand. Value-add potential remains with opportunities to introduce on-site laundry, create additional storage income, and possibly expand existing units to further increase returns. A solid, income-producing asset ready to enhance any investment portfolio.
Location
State PA
County Lehigh
Area Slatington
Direction 309N to 873N. Property on L.
Interior
Heating Baseboard, Electric
Cooling None
Fireplace No
Exterior
Parking Features Off Street, On Street
Water Access Desc Public
Total Parking Spaces 4
Building
Story 3
Sewer Public Sewer
Water Public
Construction Status Unknown
Schools
School District Northern Lehigh
Others
Senior Community No
Tax ID 556203543664 1
Special Listing Condition None
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Listed by RE/MAX Real Estate
Nearby Locations
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Office No. 873 325-41 Chestnut St, Ste 800, Philadelphia, PA 19106
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