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Sold for $1,300,000 on 12/20/23
  • $1,300,000

    1051 Howertown Rd, Catasauqua, PA 18032

    18beds
    6,549sqft
    Multi Family, Single Family Residence
    Built in 1940
    -- sqft lot
    $-- Zestimate®
    $199/sqft
    $3,202 Estimated rent

    What's special

    Most profitable category of Real Estate. High Yield, Turn Key Income Property. 19 Units. Comprosed of 17 Rooms, 1 Full Apartment, Large Storage Space & Office. $150,000 NET INCOME. Thoughtfully renovated & upgraded by a multi site operator. Occupancy is 100% as demand constantly eclipses supply in this housing market segment. Operations are streamlined. No evictions required, no pay, no stay. Very low maintenance w/ampl e parking, attractive foliage, security cameras & a private office w/storage. Extended stay properties focusing on the economy sector, provide much needed and in demand housing for an ever-growing market segment priced out of other housing options. Low Operating Costs, High Demand. Shared facilities, minimal systems to maintain, with very high revenue per sq. ft. makes this business a profit machine. Ideal for either a hands-on owner operator looking for operating profits high enough to become a full time investor, or passive operator seeking superior returns

    Zillow last checked: 7 hours ago

    Listing updated: December 29, 2023 at 02:57am

    Listed by:

    Gary Elbert,

    Bellman & Radcliff,

    Evelyn Martinez 484-951-5846,

    Bellman & Radcliff

    Bought with:

    Sue Lindtner, RS212858L

    RE/MAX Real Estate

    Source: GLVR,MLS#: 719844MLS LogoOriginating MLS: Lehigh Valley MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 18
    • Bathrooms: 5
    • Full bathrooms: 5
    Heating
    • Baseboard, Electric
    Cooling
    • None
    Features
    • Furnished
    • Furnished: Yes
    Interior area
    • Total interior livable area: 6,549 sqft

    Property

    Parking
    • Total spaces: 20
    • Parking features: Paved, Parking Lot
    Features
    • Stories: 3
    Lot
    • Size: 10,454 sqft
    Details
    • Parcel number: M4SE4B 16 1 0923
    • Zoning: R1-SINGLE-FAMILY RESIDENT
    • Special conditions: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family, Single Family Residence
    Materials
    • Frame
    Condition
    • Year built: 1940

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Catasauqua
    • Subdivision: Not in Development

    Other

    Other facts
    • Listing terms: Cash,Conventional
    Services availability
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