Neighborhood: Not In Development, Chestnuthill Twp
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.
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Courtesy of: BHHS Fox & Roach Macungie 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: 26th November, 2021 11:27 PM
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