Welcome to The Welshtown Estates which holds 10 fully occupied cash-flowing rental units PLUS 32 acres of pristine land totaling 36.8 ACRES with room to build. $99,000 GROSS, $70,964 NET INCOME on 6 buildings consolidated on a 4-acre section of the estate. Tremendous VALUE ADD. Pending zoning, buyers can build residential apartment buildings or subdivide for small/large custom residential homes. The property could be used for a hunting/camp or mobile home park. Building breakdown - Farmhouse with 2 units, 1 mobile home, 3 BDR ranch home, 3 units over the garage, a 2 unit house, and 1st-floor apartment. 8 units have 2 BDRs and 2 units have 3 bedrooms. Re-rent at significantly higher rates because nothing like this exists in the region's rental market, also, the location is only 20 minutes north of Allentown. A local farmer maintains the acreage and farms some of the lands. Property is extremely well maintained by amazing long-term ownership and will be sold "as is."
Courtesy of: EXP Realty LLC 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: 13th June, 2021 5:41 AM
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