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Key Details
Sold Price $825,000
Property Type Commercial
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 5,016 sqft
Price per Sqft $164
Subdivision Not In Development
MLS Listing ID 699182
Sold Date 10/07/22
Bedrooms 9
Full Baths 6
Half Baths 1
Year Built 1875
Annual Tax Amount $8,229
Lot Size 1.455 Acres
Property Description
Unique investment opportunity in Parkland School District! The property features 3 separate dwellings including a 3 bedroom, 2.5 bath farm home, a 4 unit detached property with on site laundry facility and a detached 3 car garage with 2nd story. This is a great income producing property bringing in 6.8% cap rate and net income of 56k. All tenants have been in place at least two years. The main house is updated stone farmhouse w/ modern addition, dual central air unit, granite countertops, ceramic tile baths, stone fireplace & hardwood flooring; well maintained by a long term tenant at 1850/month. The four unit consists of unit one, a 2bed/1bath $1050; unit 2, a 2bed/1bath updated paint & carpet $1400; unit 3, 1bed/1bath $750; unit 4, 2bed/1bath $890. Each unit has their own water heater and electric baseboard heating systems. All month to month and would love to stay. On site laundry makes 1k a year. 3 bay garage produces 500/month. Situated on a quiet country setting of 1.45 acres!
Location
State PA
County Lehigh
Area North Whitehall
Interior
Cooling Ceiling Fan
Exterior
Garage Garage, Unpaved Lot
Garage Spaces 16.0
Building
Story 2.5
Sewer Cesspool, Septic
Water Shared, Well
New Construction No
Schools
School District Parkland
Others
Financing Cash,Conventional
Special Listing Condition Not Applicable
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