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4025-4029 Main

SLATEDALE, PA 18079
  • $950,000
  • STATUS: Active Under Contract
  • ON SITE: 37 Days
  • ID#: PALH2007610
Under Contract
UPDATED: 26 min ago
$950,000
  • 0
    BEDS
  • 1.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1950
County:

School Ratings & Info

School District:

Description

10.3%+ CAP at asking, $120,900 Gross Income, $98,000 Net Income, and LAND to build another apartment building on SITE. These two apartment buildings are on 1.24 acres with 6 units on two parcels, sold together or separately. 4025 Main St is a 2,473 SF converted house including two 2 units, a 2-car garage, and significant updates. 4029 Main Street is a 4,488 SF apartment building with FOUR 2BR units and a covered parking garage in the rear. All units are 2BR/1BA with separate entries. 12+ parking spaces (6 paved, 4 covered carports, plus 2 car garage). Built in 1950, extensively renovated and converted into residential suites in 2005. Since then, there have been many upgrades to the exterior/interior within the past 5 years. All units have central air and private entry. All units have oversized bedrooms with a porch or balcony as well as large living/family rooms and eat-in kitchens. All kitchens and bathrooms are renovated and show very well to command the rents for the area. All units have washers and dryers. The rear of the property offers a large area of land for potential development or expansion (requires zoning confirmation). Acceptable offers within 5% of the asking price at or above $910,000 will be presented to the seller and will have serious consideration if within reasonable terms. NOTE - The owners love this property but live 1.5 hours away and due to the distance, they are selling to the lucky buyer. Potential to sell separately, inquire further.

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©2024 Bright MLS, All Rights Reserved. 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. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Erik Hoferer & Associates | Long & Foster. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-02-23T15:56:24.883.
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4025-4029 Main SLATEDALE, PA 18079

  • Price: $950,000
  • Status: Active Under Contract
  • On Site: 37 Days
  • Updated: 26 min ago
  • ID#: PALH2007610
0
Beds
0
Baths
0
½ Baths
1.2
Acres
1950
Built
Neighborhood:
Washington Twp (12323)
County:
Lehigh
Area:
Washington Twp (12323)
School District:
Northern Lehigh
Property Description
10.3%+ CAP at asking, $120,900 Gross Income, $98,000 Net Income, and LAND to build another apartment building on SITE. These two apartment buildings are on 1.24 acres with 6 units on two parcels, sold together or separately. 4025 Main St is a 2,473 SF converted house including two 2 units, a 2-car garage, and significant updates. 4029 Main Street is a 4,488 SF apartment building with FOUR 2BR units and a covered parking garage in the rear. All units are 2BR/1BA with separate entries. 12+ parking spaces (6 paved, 4 covered carports, plus 2 car garage). Built in 1950, extensively renovated and converted into residential suites in 2005. Since then, there have been many upgrades to the exterior/interior within the past 5 years. All units have central air and private entry. All units have oversized bedrooms with a porch or balcony as well as large living/family rooms and eat-in kitchens. All kitchens and bathrooms are renovated and show very well to command the rents for the area. All units have washers and dryers. The rear of the property offers a large area of land for potential development or expansion (requires zoning confirmation). Acceptable offers within 5% of the asking price at or above $910,000 will be presented to the seller and will have serious consideration if within reasonable terms. NOTE - The owners love this property but live 1.5 hours away and due to the distance, they are selling to the lucky buyer. Potential to sell separately, inquire further.
Exterior Features

Construction Materials Vinyl SidingAluminum Siding Garage YN No Parking Types DrivewayParking Lot Property Condition Excellent Riparian Rights YN No Roof Asphalt Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 2473.00 Cooling Central A/C Flooring CarpetHardwood Heating Heat Pump - Electric BackUp Heating YN Yes Net Square Feet 6961.00

Property Features

Acceptable Financing CashConventional Accessibility Features 2+ Access Exits Annual Gross Expense 22881.00 Assessment Year 2023 Business Type Apartment Building Central Air YN Yes Cooling Fuel Electric Electric Expense 500.00 Entry Level 1 Gross Income 120900.00 Heating Fuel Electric Hot Water Electric Insurance Expense 3750.00 Lease Considered YN No Maintenance Expense 1500.00 Municipality WASHINGTON TWP Navigable Water YN N Net Operating Income 98019.00 New Construction YN No Number Of Units Total 6 Operating Expense 22881.00 Operating Expense Includes ElectricSnow RemovalWaterTrashLandscapingInsurance Original MLSNumber 802816475454 Owner Pays Taxes - Real EstateWaterTrash CollectionInsuranceLawn/Shrub CareCommon Area Maintenance Ownership Interest Fee Simple Possession 31-60 Days CD0-30 Days CD Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 13310.00 Tax Assessment Amount 152500.00 Tax Lot 10 Total Actual Rent 120900.00 Trash Expense 1425.00 Vacation Rental YN No Water Source Public Year Built Effective 2020 Zoning VC

Listing courtesy of eXp Commercial: .


©2024 Bright MLS, All Rights Reserved. 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. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Erik Hoferer & Associates | Long & Foster. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-02-23T15:56:24.883.
 
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Erik Hoferer & Associates | Long & Foster
314 E Main Street Unit 406
Newark DE, 19707