This is a safe investment/Income Cash Cow! The beauty of this property is that it is on the smaller side, providing for minimal maintenance needs w/a tremendous Cash Flow. Why invest in a property that is double the size w/double the potential upkeep when you can purchase “Compact, Economical & Profitable”? The cap rate is 7.85% which provides you w/a fantastic ROI & Limited Risk. The rents are diversified into 6 separate leases including a Professional & Beautiful Anchor Tenant in the form of a very popular Beauty Salon. The tenants are all Long Term (only 1 lease is month to month), the leases are Rock Solid & they want to stay! There are many updates including well maintained mechanicals, replacement windows, bathroom, flooring & kitchen updates. There are minimal areas that need any attention. The property was purchase by the current owner (appraisal attached) & upgrades have been made. This property is being offered at a very Fair price! Schedule your tour today!
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Courtesy of: Keller Williams Real Estate Listing information provided courtesy of the Greater Lehigh Valley REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 2nd August, 2021 9:53 AM
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