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.
22 days
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223
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9
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Zillow last checked:
Listing updated:
Listed by:
Bob Susko Jr.610-751-1896,
RE/MAX Real Estate610-770-9000
Source: GLVR,MLS#: 781710Originating MLS: Lehigh Valley MLS
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 6
Bathrooms: 1
Full bathrooms: 4
Heating
Baseboard, Electric
Cooling
None
Interior area
Total interior livable area: 5,614 sqft
Property
Parking
Total spaces: 4
Parking features: Off Street, On Street
Has uncovered spaces: Yes
Features
Stories: 3
Lot
Size: 2,657 Square Feet
Details
Parcel number: 556203543664 1
Zoning: TC
Special conditions: None
Construction
Type & style
Home type: MultiFamily
Property subtype: Mixed Use, Multi Family, Apartment