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Key Details
Sold Price $780,000
Property Type Single Family Home
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Subdivision Not In Development
MLS Listing ID 773199
Bedrooms 9
Full Baths 5
Half Baths 1
Year Built 1875
Annual Tax Amount $7,682
Lot Size 0.414 Acres
Property Sub-Type Detached
Property Description
Fully occupied five unit investment property located in Alburtis Borough offering immediate rental income and strong long term potential. The sale includes both 22 W Front Street and the adjacent 27 Ash Alley property.
The main building at 22 W Front Street consists of four two bedroom units, one of which includes an additional half bath. The fifth unit is a one bedroom, one bathroom apartment located on the 27 Ash Alley parcel. All units are currently leased with tenants in place.
Tenants have access to a shared laundry area, and each unit is equipped with electric baseboard heat. Water, sewer, and trash are currently paid by the owner. The property also offers additional income from the large parking area that can accommodate approximately 10 to 15 vehicles. This is a solid opportunity for investors seeking a stabilized multi unit property in Alburtis Borough.
Location
State PA
County Lehigh
Area Alburtis
Interior
Heating Baseboard, Electric
Cooling None
Exterior
Parking Features Parking Lot
Building
Story 2
Sewer Public Sewer
Water Public
Schools
School District East Penn
Others
Special Listing Condition None
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Bought with BHGRE Valley Partners - Emmaus
Nearby Schools & Businesses
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