Property Back to Results Property

1083-1085 Main St, Hellertown, PA 18055

$725,000
: 2,620
SqFt

Add to Favorites New Search

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

Add to Favorites

List Price: $725,000
Days on Market: 3
Status: ACTIVE
MLS#: PANH2010882
Living Area: 2,620
Lot Size (Acres): 0.14
Style: Other
Year Built: 1908
County: Northampton
School District: Saucon Valley

Refine Search

Property Description

Back on the market due to fault of its own! 4 Unit FULLY occupied investment property now available in the desirable Borough of Hellertown. 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 (and former resident) has lovingly cared for the property for over 40 years, ensuring it remains a solid, reliable asset for the next investor. The building features 2 one-bedroom and 2 two-bedroom apartments each 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. Current gross monthly income is nearly $5,000 and the cap rate at list price is 6.75% with 8%+ easily attainable given some updates and market rents. Each unit has been inspected by the Borough so no rental inspections are due until 2031. Call today to view this property and add it to your portfolio!

Search All Properties

Additional Information

Area: Hellertown Boro (12415)
School District: Saucon Valley
Elementary School: Saucon Valley
Middle School: Saucon Valley
High School: Saucon Valley
Heating: Hot Water, Radiator(s), Forced Air, Heat Pump
Cooling: Ceiling Fan(s), Ductless Mini-Split, Window/Wall
Roof: Architectural
Utilities: Cable Available
Water: Public
Sewer: Public Sewer
Basement: Full, Exterior Entry, Unfinished