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1832 Freemansburg Avenue

Wilson Borough, PA 18042
  • $550,000
  • STATUS: Available
  • ON SITE: 19 Days
  • MLS #: 685005
UPDATED: 14 min ago
$550,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,934
    SQFT
  • $187
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1900
County:
Area:

School Ratings & Info

School District:

Description

This is a safe investment/Income Cash Cow! The beauty of this property is that it is on the smaller side, providing for minimal maintenance needs w/a tremendous Cash Flow. Why invest in a property that is double the size w/double the potential upkeep when you can purchase "Compact, Economical & Profitable? The cap rate is 7.85% which provides you w/a fantastic ROI & Limited Risk. The rents are diversified into 6 separate leases including a Professional & Beautiful Anchor Tenant in the form of a very popular Beauty Salon. The tenants are all Long Term (only 1 lease is month to month), the leases are Rock Solid & they want to stay! There are many updates including well maintained mechanicals, replacement windows, bathroom, flooring & kitchen updates. There are minimal areas that need any attention. The property was purchase by the current owner (appraisal attached) & upgrades have been made. This property is being offered at a very Fair price! Schedule your tour today!

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© 2022 Greater Lehigh Valley REALTORS® All Rights Reserved. Based on information from the Greater Lehigh Valley REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Smart Way America Realty. Data last updated 2022-01-23T19:12:55.463.
www.smartwayamerica.com/homes/124391642
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1832 Freemansburg Avenue Wilson Borough, PA 18042

  • Price: $550,000
  • Status: Available
  • On Site: 19 Days
  • Updated: 14 min ago
  • MLS #: 685005
0
Beds
0
Baths
0
½ Baths
0.14
Acres
2,934
SQFT
$187
$/SQFT
1900
Built
Neighborhood:
Not In Development
County:
Northampton
Area:
Northampton
School District:
Wilson
Property Description
This is a safe investment/Income Cash Cow! The beauty of this property is that it is on the smaller side, providing for minimal maintenance needs w/a tremendous Cash Flow. Why invest in a property that is double the size w/double the potential upkeep when you can purchase "Compact, Economical & Profitable? The cap rate is 7.85% which provides you w/a fantastic ROI & Limited Risk. The rents are diversified into 6 separate leases including a Professional & Beautiful Anchor Tenant in the form of a very popular Beauty Salon. The tenants are all Long Term (only 1 lease is month to month), the leases are Rock Solid & they want to stay! There are many updates including well maintained mechanicals, replacement windows, bathroom, flooring & kitchen updates. There are minimal areas that need any attention. The property was purchase by the current owner (appraisal attached) & upgrades have been made. This property is being offered at a very Fair price! Schedule your tour today!
Exterior Features

Construction Brick Parking Garage Parking Spaces 0

Interior Features

Baths Semi Modern Cooling Ceiling FanCentral AcNo AirWall AcWindow Ac Heat Type ElectricForced AirGasHeat Pump

Property Features

Electric 0 Gas 0 Gross Income 56100 Heat 0 Lot Size Source Tax Records Net Income 43163 Operating Expense 10089 Other Expenses 2808 Possible Financing CashConventional Property Sub Type Category Apartment Style Sewer Public Special Conditions Not Applicable Square Footage Source Tax Records Total Taxes 1959.45 Water Public Water Sewer 0 Year Built Exception Unknown Zoning Code C-2 General Commercial

Listing provided courtesy of Keller Williams Real Estate.


© 2022 Greater Lehigh Valley REALTORS® All Rights Reserved. Based on information from the Greater Lehigh Valley REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Smart Way America Realty. Data last updated 2022-01-23T19:12:55.463.
 
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528 Seven Bridge Rd. Suite 107
East Stroudsburg PA, 18301