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Realty Executives Wind Gap
31 West First Street
Wind Gap, PA, US 18091
610-863-8444

Active

176 South 2nd Street
Lehighton PA 18235 US

12 Bed, 4.00 Bath (4 Full Bath), 8,000 sqft

#566572

Courtesy of: Tejas Gosai, CENTURY 21 Keim

$240,000

176 South 2nd Street $37,800 INCOME, $28,902 PROFIT. *12%+ CAP RATE.* Turnkey cash flowing 4 unit asset with easy-to-add 1 unit. Three large rental units + 1 commercial storefront located in highly trafficked prime downtown location. Over 150k in upgrades and renovations to these buildings in the past few years. Zoned Commercial including newly renovated 3-6 bedroom apartment located on 2nd and 3rd floor of main building. *New floors, roof, gutters, paint. On lower level behind storefront - 3 bedroom apartment with patio and large backyard. To the rear of the property, a detached 3 bedroom apartment with 3 car garage. The 4th commercial unit is currently the storefront is being operated as a successful flower shop with a long-term lease. All deposits and executed leases. Top Rents due to condition and location. Immediate re-rent. Thousands in upgrades to exterior and interior. Upgraded utilities. Upgraded and remodelled units. Low upkeep.

  • Facts
  • Built in: 1800
  • Lot Size: 0.17 acre
  • Property Type: MultiFamily
  • Property Sub-type: Apartment
  • Features
  • Full Bathrooms: 4
  • Cooling System: Wall Unit(s) A/C
  • Parking Type: Garage
  • Roof Type: Unknown
  • Heating Fuels: Natural Gas, Oil
  • Neighborhood
  • Lehighton
Listing Changed: 4/11/2018 6:42:58 PM GMT
Source Updated Date: 6/18/2018 3:23:09 AM GMT

Courtesy of: Tejas Gosai, CENTURY 21 Keim

Listing Source - ListHub

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