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1240 Pembroke Road

Freemansburg Borough, PA 18017
  • $480,000
  • STATUS: Available
  • ON SITE: 12 Days
  • ID#: 732646
$480,000
  • 5
    BEDS
  • 0.13
    ACRES
  • 2
    BATHS
  • 1
    1/2 BATHS
  • 4,950
    SQFT
  • $97
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1928
County:
Area:

School Ratings & Info

School District:

Description

$62,160 Gross Income, $48,010 Net Income, 10% Cap. These prideful owners have invested over $100K to renovate and rebrand this fully occupied, cash-flowing, 3-unit investment property including a full renovation of all residential and commercial units plus a newly paved $30K parking lot. Each unit was modernized from top to bottom with fresh paint, new HW flooring, energy-efficient windows, newly tiled bathrooms, and all-new kitchens with GRANITE countertops, new appliances, & each tenant has their own washer/dryer. The basement was separated to allow for tenant storage. The 3BR unit is very large and has a lot of sunlight. The 2BR is spacious and has oversized Bedrooms. The commercial unit has brand-new temp-controlled split units. There is a total of 10 paved parking spaces for tenants and commercial. Long-standing commercial tenant has a 5-year lease and is in year 2 with the option to renew. Brand new sidewalks along the exterior. Tenants pay all utilities. The ownership group is listing over 25 multi-family units available in addition to this property. *Seller is a licensed real estate agent. *** PROJECTIONS with slightly highers rents come in at above $70,000 Gross.***

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© 2024 Greater Lehigh Valley REALTORS® All Rights Reserved. Based on information from the Greater Lehigh Valley REALTORS®. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Asset Property Solutions, LLC. Data last updated 2024-02-24T00:13:42.15.
www.assetpropertysolutionsllc.com/homes/147518784
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1240 Pembroke Road Freemansburg Borough, PA 18017

  • Price: $480,000
  • Status: Available
  • On Site: 12 Days
  • ID#: 732646
5
Beds
2
Baths
1
½ Baths
0.13
Acres
4,950
SQFT
$97
$/SQFT
1928
Built
Neighborhood:
Not In Development
County:
Northampton
Area:
Freemansburg
School District:
Bethlehem
Property Description
$62,160 Gross Income, $48,010 Net Income, 10% Cap. These prideful owners have invested over $100K to renovate and rebrand this fully occupied, cash-flowing, 3-unit investment property including a full renovation of all residential and commercial units plus a newly paved $30K parking lot. Each unit was modernized from top to bottom with fresh paint, new HW flooring, energy-efficient windows, newly tiled bathrooms, and all-new kitchens with GRANITE countertops, new appliances, & each tenant has their own washer/dryer. The basement was separated to allow for tenant storage. The 3BR unit is very large and has a lot of sunlight. The 2BR is spacious and has oversized Bedrooms. The commercial unit has brand-new temp-controlled split units. There is a total of 10 paved parking spaces for tenants and commercial. Long-standing commercial tenant has a 5-year lease and is in year 2 with the option to renew. Brand new sidewalks along the exterior. Tenants pay all utilities. The ownership group is listing over 25 multi-family units available in addition to this property. *Seller is a licensed real estate agent. *** PROJECTIONS with slightly highers rents come in at above $70,000 Gross.***
Exterior Features

Construction OtherVinyl Parking Spaces 10

Interior Features

Baths Modern Cooling Central ACWall AC Features HardwoodPatioWash/Dry Hook-ups Heat Type BaseboardOil

Property Features

Cross Street Address Marvine St Electric 0 Gas 0 Gross Income 62160 Heat 0 Lot Size Source Tax Records Net Income 48010 Operating Expense 14150 Other Expenses 1250 Possible Financing CashConventional Property Sub Type Category Apartment StyleDetachedMixed Use Sewer Public Special Conditions Not Applicable Square Footage Source Tax Records Total Taxes 4563.70 Water Public Water Sewer 2000 Zoning Code GC-GENERAL COMMERCIAL

Listing provided courtesy of EXP Realty LLC: .


© 2024 Greater Lehigh Valley REALTORS® All Rights Reserved. Based on information from the Greater Lehigh Valley REALTORS®. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Asset Property Solutions, LLC. Data last updated 2024-02-24T00:13:42.15.
 
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