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7115 Pa Route 873

Washington Twp, PA 18080
  • $720,000
  • STATUS: Available
  • ON SITE: 29 Days
  • MLS #: 708215
UPDATED: 37 min ago
$720,000
  • 1
    BEDS
  • 2.3
    ACRES
  • 2
    BATHS
  • 3
    1/2 BATHS
  • 12,311
    SQFT
  • $58
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1934
County:
Area:

School Ratings & Info

School District:

Description

Mixed-use, cash-flowing value add opportunity. This unique 6 unit commercial property has been recently renovated and is grandfathered in to Washington township to allow for continued operation of all current uses including; a 4,000 square foot restaurant with 2,800 square foot basement for dry storage, 4,800 square foot storage warehouse, 1- 1 bed 1 bath apartment, 3 mobile residential lots, and 1 garage. This property already has strong cash-flow, 100% occupancy history, and has built-in rent increases for the length of the commercial restaurant lease generating even greater returns over time! The warehouse is also rented to an associate at discounted rent, meaning room to grow once the lease ends! Offered at a 9.28% cap rate, this property is guaranteed to be the gem in your investment portfolio. This property appraised for $760,000 in 2022 meaning instant equity for the savvy investor! Appraisal report available upon request.

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© 2023 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 2023-02-04T19:12:56.593.
www.smartwayamerica.com/homes/135787501
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7115 Pa Route 873 Washington Twp, PA 18080

  • Price: $720,000
  • Status: Available
  • On Site: 29 Days
  • Updated: 37 min ago
  • MLS #: 708215
1
Beds
2
Baths
3
½ Baths
2.3
Acres
12,311
SQFT
$58
$/SQFT
1934
Built
Neighborhood:
Not In Development
County:
Lehigh
Area:
Washington_L
School District:
Northern Lehigh
Property Description
Mixed-use, cash-flowing value add opportunity. This unique 6 unit commercial property has been recently renovated and is grandfathered in to Washington township to allow for continued operation of all current uses including; a 4,000 square foot restaurant with 2,800 square foot basement for dry storage, 4,800 square foot storage warehouse, 1- 1 bed 1 bath apartment, 3 mobile residential lots, and 1 garage. This property already has strong cash-flow, 100% occupancy history, and has built-in rent increases for the length of the commercial restaurant lease generating even greater returns over time! The warehouse is also rented to an associate at discounted rent, meaning room to grow once the lease ends! Offered at a 9.28% cap rate, this property is guaranteed to be the gem in your investment portfolio. This property appraised for $760,000 in 2022 meaning instant equity for the savvy investor! Appraisal report available upon request.
Exterior Features

Construction BrickVinyl Parking GaragePaved LotUnpaved Lot Parking Spaces 35

Interior Features

Cooling Wall AcWindow Ac Features BalconyHardwood Heat Type Oil

Property Features

Electric 956 Gas 0 Gross Income 91140 Heat 0 Lot Size Source Tax Records Net Income 66821 Operating Expense 24318 Other Expenses 247 Possible Financing CashConventional Property Sub Type Category CommercialMixed UseResi Lease/Lot Sewer Septic Special Conditions Not Applicable Total Taxes 11397.12 Water Well Water Sewer 500 Zoning Code C-Commercial

Listing provided courtesy of Exp Realty Llc: .


© 2023 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 2023-02-04T19:12:56.593.
 
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528 Seven Bridge Rd. Suite 107
East Stroudsburg PA, 18301