4-unit cash-flowing property with $57,300 gross income and $44,000 actual net income. 8.8% net cap rate! Owners have expanded one apartment and updated two others to create three 2-bedroom units. There have been many renovations, from the roof to the rear building, and throughout all the units. Some have new bathrooms, new flooring, new kitchens, appliances, etc. Beautiful commercial storefront currently a booming pet photography shop. Prime downtown location, walking distance to restaurants, 5 minutes from Giant supermarket and other stores, and 25 minutes north of Route 22—ideal for tenant commutes. Close to the Lehigh River with great walking and biking trails. Nearby Slatington Farmers Market offers antiques and food. Charming town, peaceful yet conveniently located. Investors, the numbers speak for themselves: cash-flowing property with the potential to add laundry and storage areas.
Sold for $480,000 on 07/31/24
$480,000
662 Main St, Slatington, PA 18080
6beds
--sqft
Mixed Use, Multi Family, Apartment
Built in 1900
-- sqft lot
$508,400 Zestimate®
$--/sqft
$-- Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: July 31, 2024 at 10:50am
Listed by:
Joshua Schoenberger 888-397-7352,
EXP Realty LLC
Bought with:
Kevin Azar, RS334236
RE/MAX Real Estate
Source: GLVR,MLS#: 739153
Originating MLS: Lehigh Valley MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Baseboard, Electric
Cooling
- None
Property
Parking
- Total spaces: 4
- Parking features: Driveway, Off Street, On Street
- Has uncovered spaces: Yes
Details
- Parcel number: 556203543664 001
- Zoning: Tc-Town Center
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Mixed Use, Multi Family, Apartment
Materials
- Brick
Condition
- Unknown
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Slatington
- Subdivision: Not in Development
Other
Other facts
- Listing terms: Cash,Conventional
Sell with ease on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$508,400
2% more+$10,168
With Zillow Showcase(estimated)$518,568