Description
Unique investment opportunity in Parkland School District! The property features 3 separate dwellings including a 3 bedroom, 2.5 bath farm home, a 4 unit detached property with on site laundry facility and a detached 3 car garage with 2nd story. This is a great income producing property bringing in 6% cap rate and net income of 61k. All tenants have been in place at least two years. The main house is updated stone farmhouse w/ modern addition, dual central air unit, granite countertops, ceramic tile baths, stone fireplace & hardwood flooring; well maintained by a long term tenant at 1850/month. The four unit consists of unit one, a 2bed/1bath $1050; unit 2, a 2bed/1bath updated paint & carpet $1400; unit 3, 1bed/1bath $750; unit 4, 2bed/1bath $890. Each unit has their own water heater and electric baseboard heating systems. All month to month and would love to stay. On site laundry makes 1k a year. 3 bay garage produces 500/month. Situated on a quiet country setting of 1.45 acres!
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9BEDS
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1.46ACRES
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6BATHS
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11/2 BATHS
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5,016SQFT
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$194$/SQFT
Description
Unique investment opportunity in Parkland School District! The property features 3 separate dwellings including a 3 bedroom, 2.5 bath farm home, a 4 unit detached property with on site laundry facility and a detached 3 car garage with 2nd story. This is a great income producing property bringing in 6% cap rate and net income of 61k. All tenants have been in place at least two years. The main house is updated stone farmhouse w/ modern addition, dual central air unit, granite countertops, ceramic tile baths, stone fireplace & hardwood flooring; well maintained by a long term tenant at 1850/month. The four unit consists of unit one, a 2bed/1bath $1050; unit 2, a 2bed/1bath updated paint & carpet $1400; unit 3, 1bed/1bath $750; unit 4, 2bed/1bath $890. Each unit has their own water heater and electric baseboard heating systems. All month to month and would love to stay. On site laundry makes 1k a year. 3 bay garage produces 500/month. Situated on a quiet country setting of 1.45 acres!
© 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 2022-05-19T08:12:58.267.