New ListingSolid 5-unit apartment building in popular Borough of Hellertown. This is an excellent value add situation for new owner as rents are well below market rate. Fully occupied building allows for immediate cash flow as new owner plans future strategy to capitalize on the full potential for this property. Ideas to increase return include adjusting the rents, separating the common heating system, light renovations on the some of the apartments or perhaps adding coin operated washers or storage in the basement. The building is situated on a great corner location that offers a short walk to Hellertown Park and recreation complex. Location offers easy access to Route I-78, new hospital as well as south into Bucks County meaning your tenant pool will always be substantial. Whether you just starting as in investor, or own a substantial portfolio, you do not want to miss this opportunity.
| MLS # | 787314 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 5 |
| Listing Provided By | Grace Realty Co Inc | Christopher J Zajacek |
| Bed(s) | 5 |
|---|---|
| Bath(s) | 5 Total |
| SQ Feet | 2,668 |
| Units | 5 |
| Zoning | R2 |
| Acreage | 0.18 |
| Tax Annual Amount | 6604.17 |
|---|
| State | PA |
|---|---|
| County | Northampton |
| City | Hellertown Boro |
| Zip Code | 18055 |
| Area | Hellertown |
| Community Name | Not in Development |
| Listing VS Median (in Not in Development) | |
Price: $599,900 low | high Med: $290,000 sqft: 2,668 low | high Med: 1,823 $ / sqft: $225 low | high Med: $161 On site: 5 low | high Med: 27.5 | |
| State | PA |
|---|---|
| County | Northampton |
| City | Hellertown Boro |
| Zip Code | 18055 |
| Area | Hellertown |
| Community Name | Not in Development |
| Listing VS Median (in Not in Development) | |
Price: $599,900 low | high Med: $290,000 sqft: 2,668 low | high Med: 1,823 $ / sqft: $225 low | high Med: $161 On site: 5 low | high Med: 27.5 | |