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Key Details
Sold Price $420,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 4,535 sqft
Price per Sqft $92
Subdivision None Available
MLS Listing ID 1004159465
Sold Date 03/30/18
HOA Y/N N
Originating Board TREND
Year Built 1875
Annual Tax Amount $7,410
Tax Year 2017
Lot Size 0.900 Acres
Acres 0.9
Lot Dimensions 0.90 ACRES
Property Description
Cash flowing 5 unit apartment building housed on almost 1 acre located on Main street in Coopersburg, PA with 10% cap rate at asking. Financials and model can be provided with management and vacancy rate added. Landlord continuously renovates units when tenants move out. Immediate re-rent. Tenants pay all utilities. All apartments have sizable living spaces with two (2), four (4) bedroom apartments, one (1), three (3) bedroom apartments, and two (2), one (1) bedroom apartments. *Brand new paving. *Some new roofs. *Newer windows. The tenants pay for heat, and electricity. The building is 4,535 sq ft. Includes one garage parking spot at 50/mo, one covered parking spot, and 12 parking spaces. The building rent is $5,125/mo. *Sidewalks recently redone* * Conveniently located near interchange and local restaurants, parks, and schools.
Location
State PA
County Lehigh
Area Coopersburg Boro (12305)
Zoning C1
Rooms
Other Rooms Primary Bedroom
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling Wall Unit
Fireplace N
Heat Source Electric
Exterior
Utilities Available Water Available, Sewer Available, Natural Gas Available, Electric Available, Phone, Cable TV Available
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Southern Lehigh
Others
Tax ID 642348365188001
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
Special Listing Condition Standard
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Bought with Jennifer de Jesus • Steel City Realty
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