Fully-leased mixed-use investment property available for purchase. The investment consists of 13 total rental units, 11 of which are residential & 2 are commercial. The 2 commercial tenants are a children's learning & activity center and a retail 'jewelry/cash for gold' business. The residential units are three 1-Bedroom rentals, six 2-Bedroom rentals, a 3-Bedroom single family home, and a garage rental unit. The property is located on accessible Route 209 and tenants enjoy abundant off-street parking with good access to local amenities Tenants are responsible for base rent, electric & heat with landlord paying landscaping & trash. This investment is being offered at a 6.7% CAP rate on the current NOI of $140,028.00. Current rental rates would be considered 'modest/fair' with room for market increases. This property portfolio is located less than 40 min from the Lehigh Valley, 5 miles to route 33, and less than 10 miles to Rt. 80. Private showings are available upon request. 2022-05-09
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