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Cheyenne Reiman

cheyenne@realtyoutfitters.com +1(484) 951-2329

$ 725,000

Est. payment -/mo

Save

Pending

1083 Main ST Hellertown Boro, PA 18055

6 Beds

4 Baths

2,620 SqFt

UPDATED:

Key Details

Property Type Other Types

Sub Type Duplex

Listing Status Pending

Purchase Type For Sale

Square Footage 2,620 sqft

Price per Sqft $276

Subdivision Not In Development

MLS Listing ID 775935

Bedrooms 6

Full Baths 4

HOA Y/N No

Year Built 1908

Annual Tax Amount $6,532

Lot Size 6,011 Sqft

Acres 0.138

Property Sub-Type Duplex

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

Direction I-78 to Route 412/Hellertown exit. Travel south ~3/4 mile. Building is on the left across from Saucon Valley Manor.

Interior

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

Cooling Ceiling Fan(s), Wall Unit(s), Wall/Window Unit(s)

Fireplace No

Exterior

Parking Features Off Street, Parking Pad, On Street

Utilities Available Cable Available

Water Access Desc Public

Total Parking Spaces 10

Building

Story 3

Sewer Public Sewer

Water Public

Schools

School District Saucon Valley

Others

Senior Community No

Tax ID Q7SW2A 2 23 0715

Special Listing Condition None

Listed by Realty Outfitters

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Cheyenne Reiman

+1(484) 951-2329

Broker | RM424708

Broker RM424708

Cheyenne Reiman

1083 Main ST Hellertown Boro, PA 18055

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

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1083 Main ST