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350 Main St
Slatington, PA 18080

15 units, 5 res, 10 garage, 9.1% CAP FULL OCC · Multifamily Property For Sale · 5 Units

PROPERTY FACTS

No. Units 5
Property Type Multifamily
Property Subtype Apartment
Building Class C
Lot Size 0.45 AC
Building Size 4,494 SF
No. Stories 3
Year Built 1875

About 350 Main St , Slatington, PA 18080

5 UNIT plus 10 storage garage units located at the back. 56K GROSS, 32K NET PROFIT, 9.1% CAP at $350,000 asking price. The property is a 5 unit plus 10 storage/garage units located at the back. all 5 of the units are currently occupied. The rents for the property are $825, $870, $600, $800, $900 plus $655 for the storage/garage units. The lease breakdown is as follows; units 1&2 are month-to-month while units 3, 4 and 5 are yearly. Home insurance price is $2,600 per year, Taxes are $7,600 per year, sewer/water amounts to $1,800 per year Trash is $1,800 per year, Lawn/Snow Maintenance is taken care of by the tenants, common electric is $1,800 per year, each of the tenants have a separate meter and all the tenants use electric. The property is close to some schools such as Northern Lehigh Middle School and Northern Lehigh Senior High School.

PROPERTY TAXES

zoning

Zoning Code TR
  • Listing ID: 18680376

  • Date on Market: 2/28/2020

  • Last Updated:

  • Address: 350 Main St, Slatington, PA 18080