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Betsy Caruso

betsycarusorealtor@gmail.com +1(610) 952-1323

Listed by Ken Solt • Realty Outfitters

$725,000

Est. payment - /mo

2,620 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Other

Listing Status Pending

Purchase Type For Sale

Square Footage 2,620 sqft

Price per Sqft $276

MLS Listing ID PANH2009894

Style Other

Abv Grd Liv Area 2,620

Year Built 1908

Annual Tax Amount $6,532

Tax Year 2026

Lot Size 6,000 Sqft

Acres 0.14

Lot Dimensions 0.00 x 0.00

Property Sub-Type Other

Source BRIGHT

Property Description

A rare opportunity awaits in the highly desirable Borough of Hellertown with this fully occupied, 4-unit investment property. Meticulously maintained, this unique building has been proudly owned by the same family since its construction as 2 twins in 1908, before being converted to apartments in the early 1960s. The current owner has lovingly cared for the property for over 40 years, ensuring it remains a solid, reliable asset for the next investor. The building features an attractive mix of 2 one-bedroom and 2 two-bedroom apartments. Each apartment provides privacy and convenience with its own separate entrance and 2 dedicated off-street parking spaces. Landlord overhead is low, as the property features separate utility meters with tenants responsible for paying their own electric, gas, water, and sewer bills. Upside potential exists within the current rent roll and operating expenses. While some units have been recently refreshed, a couple of the apartments are in good condition but do need some updating, offering the perfect cosmetic value-add project for a new owner. Combined with bringing the currently below-market leases up to prevailing market rates after minor updates, an 8% or higher cap rate is easily attainable. As an added bonus, the building recently passed its municipal inspections, meaning no Borough rental inspections are required for nearly five years. Call today to schedule a private viewing and add this exceptional property to your real estate portfolio!

Location

State PA

County Northampton

Area Hellertown Boro (12415)

Zoning M

Rooms

Basement Dirt Floor

Interior

Hot Water Electric

Heating Hot Water, Radiator, Forced Air, Heat Pump(s)

Cooling Ceiling Fan(s), Ductless/Mini-Split, Window Unit(s)

Fireplace N

Heat Source Electric, Natural Gas

Exterior

Garage Spaces 10.0

Parking On Site 8

Utilities Available Cable TV

Water Access N

Roof Type Architectural Shingle

Accessibility None

Total Parking Spaces 10

Garage N

Building

Above Ground Finished SqFt 2620

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade, Below Grade

New Construction N

Schools

Elementary Schools Saucon Valley

Middle Schools Saucon Valley

High Schools Saucon Valley

School District Saucon Valley

Others

Tax ID Q7SW2A-2-23-0715

Ownership Fee Simple

SqFt Source 2620

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

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Nearby School & Business

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Betsy Caruso

+1(610) 952-1323

Agent | License ID: RS327739

Agent License ID: RS327739

1083-1085 MAIN ST Hellertown, PA 18055

Betsy Caruso

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby School & Business

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