Bought with james J Reardon • eXp Commercial
$807,500
$895,000
9.8%For more information regarding the value of a property, please contact us for a free consultation.
725-727 FRONT ST Catasauqua, PA 18032
2,897 SqFt
Key Details
Sold Price $807,500
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 2,897 sqft
Price per Sqft $278
MLS Listing ID PALH2010604
Sold Date 05/16/25
Year Built 1850
Annual Tax Amount $6,936
Tax Year 2022
Lot Size 5,510 Sqft
Acres 0.13
Lot Dimensions 29.01 x 186.27
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
We are pleased to present an investment property in Catasauqua Pennsylvania that is now on the market. $96000 gross income with a net income of $66,341. It is in a great location that makes it very desirable for renters. The property consists of six residential units, two of which are two-bedroom apartments and the other four of which are one-bedroom units. The tenants pay their own electricity and heat, and the property also includes a large garage. The location is close to Route 22 and is just five minutes north of downtown Allentown. It is convenient to public transportation, and there is a lot of demand for rentals in the area. Currently, there are two units under renovation, but there is a waiting list of prospective tenants. The two parcels could be sold separately.
In addition, there are 24 available units throughout the Lehigh Valley. So if you're looking to increase your portfolio in a prime rental area, give me a call, and let's see how we can work together. This is a great investment opportunity. One of the owners is a licensed real estate agent
Location
State PA
County Lehigh
Area Catasauqua Boro (12304)
Zoning DC
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling Window Unit(s)
Heat Source Electric
Exterior
Garage Spaces 8.0
Water Access N
View City
Accessibility 2+ Access Exits
Total Parking Spaces 8
Garage N
Building
Sewer Public Septic
Water Public
New Construction N
Schools
School District Catasauqua Area
Others
Tax ID 549899076889-00001
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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