Income-producing three-unit detached investment property located just off Routes 78 and 22, conveniently close to shopping and dining, offering strong rental appeal and commuter access. The building consists of two 1BR/1BA first floor units and one 2BR/1BA second-floor unit, all occupied by reliable, long term tenants. First floor tenants are on month to month leases and second floor tenant is on a year-long lease, renewing in July. Rents are currently below market offering a clear value-add opportunity for increased cash flow over time while generating immediate income from DAY 1. One of the tenants participates in a housing voucher program.
The property features a shared front vestibule entrance, backyard space, rear porch, side balcony, and a washer/dryer in one of the first-floor units. Tenants pay heat and electric, helping keep operating costs manageable, while the current owner covers trash, water and sewer. Additional income is generated from a detached garage, consisting of 2 double bays and 1 single bay, each currently rented to separate tenants.
A straightforward, easy-to-manage investment with built-in upside, ideal for seasoned investors, those beginning to build a portfolio or an owner-occupant seeking to offset living expenses while building equity. This property has been consistently rented and well maintained by long-time ownership. Properties like this are increasingly hard to find - schedule your appointment today. Property comes with a clear CO.
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Listing Courtesy of LEHIGH VALLEY ASSOCIATION OF REALTORS / Coldwell Banker Hearthside / Linda McDonald-White
The property features a shared front vestibule entrance, backyard space, rear porch, side balcony, and a washer/dryer in one of the first-floor units. Tenants pay heat and electric, helping keep operating costs manageable, while the current owner covers trash, water and sewer. Additional income is generated from a detached garage, consisting of 2 double bays and 1 single bay, each currently rented to separate tenants.
A straightforward, easy-to-manage investment with built-in upside, ideal for seasoned investors, those beginning to build a portfolio or an owner-occupant seeking to offset living expenses while building equity. This property has been consistently rented and well maintained by long-time ownership. Properties like this are increasingly hard to find - schedule your appointment today. Property comes with a clear CO.
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