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Jan Crowley

Engel & Völkers

[email protected] +1(443) 538-4326

$ 925,000

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Active

725-727 FRONT ST Catasauqua, PA 18032

2,897 SqFt

UPDATED:

01/22/2025 11:07 AM

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 2,897 sqft

Price per Sqft $319

MLS Listing ID PALH2010604

Originating Board BRIGHT

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 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)

Inclusions All appliances

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

Virtual Tour https://youtu.be/sO_AYQA-aXg

Listed by james J Reardon • eXp Commercial

Jan Crowley

License ID: 660313

+1(443) 538-4326

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