Solid 5-unit apartment building in popular Borough of Hellertown. This is an excellent value add situation for new owner as rents are well below market rate. Fully occupied building allows for immediate cash flow as new owner plans future strategy to capitalize on the full potential for this property. Ideas to increase return include adjusting the rents, separating the common heating system, light renovations on the some of the apartments or perhaps adding coin operated washers or storage in the basement. The building is situated on a great corner location that offers a short walk to Hellertown Park and recreation complex. Location offers easy access to Route I-78, new hospital as well as south into Bucks County meaning your tenant pool will always be substantial. Whether you just starting as in investor, or own a substantial portfolio, you do not want to miss this opportunity.
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Listing Snapshot
Price
$599,900
Days On Site
11 Days
Bedrooms
N/A
Inside Area (SqFt)
2,668 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.18 Acres
Year Built
1900
MLS Number
PANH2010988
Status
Active
Property Tax
$6,645
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Assessor
Friends & Family
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