121 S 1st St, Lehighton, PA 18235

PROJECTED YEARLY GROSS INCOME is $103,000+! Remarkable opportunity with a potential 17.00%+ CAP Rate once rented! This property is a blank slate and ready for a savvy investor to take over. The main floor has a storefront currently rented at $1,500 per month. The second and third floor have space to add up to 5 apartments. These units are down to the studs! A modern 2 bed 1 bath unit can rent for upwards of $1,500 per month, based on local comps. There is also an opportunity to convert the basement to a barber shop, tattoo parlor, or similar business to drive extra rental revenue. New roof in 2019 & first floor heating/cooling in 2023. **Zoning approval needed prior to any conversion or construction**