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Key Details
Sold Price $615,000
Property Type Other Types
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 4,102 sqft
Price per Sqft $149
Subdivision Not In Development
MLS Listing ID 751998
Sold Date 03/28/25
Bedrooms 8
Full Baths 4
Construction Status New Construction
HOA Y/N No
Year Built 1860
Annual Tax Amount $8,349
Lot Size 4,268 Sqft
Acres 0.098
Property Sub-Type Detached
Property Description
TURN-KEY INVESTMENT OPPORTUNITY! Fully renovated inside & out, just hang your "For Rent" sign and go... FOUR large 2-bed, 1 bath units each with it's own private entrance and separate electric meters, PLUS a detached 2-car, 2-story garage for additional income! Each unit features brand new kitchens w/ new SS appliances, fully renovated interiors w/ new flooring, fixtures, interior doors, & freshly painted throughout. Building features a low-maintenance vinyl exterior, vinyl replacement windows throughout, updated electric services (5 meters), plus a full walk-up 3rd story for tenant storage, etc. This rent-ready income generating property will easily produce gross rents above $80,000/year with an NOI above $62,000. Whether you're a seasoned investor or new to the real estate scene you can't ignore a turn-key investment in this condition being offered at a 9% cap rate! Schedule today!
Location
State PA
County Lehigh
Area Catasauqua
Direction 2nd St 1 block north of Howertown Rd intersection
Interior
Heating Baseboard, Electric
Cooling None
Fireplace No
Exterior
Water Access Desc Public
Building
Story 2
Sewer Public Sewer
Water Public
Level or Stories Two and One Half
New Construction Yes
Construction Status New Construction
Schools
School District Catasauqua
Others
Senior Community No
Tax ID 640818241670001
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
Special Listing Condition None
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Bought with Harvey Z Raad Real Estate