3. Off-market properties, including multi-family, residential, warehouse, retail, gas station, & hotels:
1. Downtown Allentown, PA, 8-UNIT Package - 500K asking price for all units or individual pricing stated here:
- A. Multi-unit: 165 chew st. Allentown, Pa. Asking $98,000 4/2 2unit. Rents: $650-$850 Heat: baseboard. Taxes: $2200
- B. Multi-unit: 338 N. 9th St. Allentown, PA. Asking $120,000 4/3 2unit. Rents: $700-$850 Heat: baseboard. Taxes: $2700
- C. Single: 405 E. Susquehanna St. Allentown, PA. Asking $75,000 4/1. VACANT.
- D. Single: 1331 Warren St. Allentown, PA. Asking $70,000 3/1.5 Rent: $850
- E. Single: 420 E. Court St. Allentown, PA. Asking $65,000 3/1 Rent: $750
- F. Single: 1011 S. Howard St. Allentown, PA. Asking $80,000 3/1 Rent: $1,000
2. 5 Unit Walnut St Multi-Family in Reading, 120K Asking. Fully Occupied with a 16% Cap Rate with $19K Net.
3. 7-Unit Catasauqua, Mixed Units (2res, 5comm), in Catasauqua, PA 625K Asking: fully occupied, turnkey, multi-family/commercial investment property with a 63k gross, 50k net, 8% cap @ 625K asking. Immaculate property ideally located in Catasauqua has been very well maintained with long term tenants occupying the property between 3-4 years with a remaining 6-8 months left on all leases plus all tenants have confirmed renewal.
4. 145 W Hamilton, Allentown, PA, 1.2MM Asking: $232,254 Gross, $162,577 Net with 13.56% Cap Rate projected. The owner is currently drafting plans to create 14 residential units on the second floor and keep one commercial storefront on the ground floor. 25,000+SQFT, 2-story building located in the heart of the commercial revitalization district of Allentown, only .5 miles from the PPL Center boasting significant frontage, heavy traffic flow, & B-5 Commercial zoning. Click here for video flyby, https://youtu.be/4JEzGxQdIQs
5. 5-Unit Commercial Retail Plaza in Allentown, PA, 3.2MM Asking: Next to CVS (easement shared). 300K Gross, 200K NET, 90% occupancy, 6.25% Cap Rate. 13,000 square feet of commercial space with 75 parking spaces, up to all codes with ADA compliance and elevator. Built-in 2000 using steel and concrete construction. Owner financing available @ 4.5% with 20% down.
6. Conshohocken, PA, 4.2MM Asking: FULLY OCCUPIED and generating 378K Gross and 300K NOI with a 7.1% Cap Rate @ asking with Owner financing available for up to a 20-year term.
7. Hamilton Building in West Allentown, PA. 3.5MM Asking: Ideal location for most any type Large business/Company. The building has a total of 50,000 sq. ft. and 25,000 sq. Ft of office space and lower level has 25,000 sq. ft. of Space for trucks/cars or Retail. Zoned Industrial so most any type manufacturing can be done here. Also has a crane for loading large items. Close to all major highways! Has parking for 75 cars.
8. 5 BR Victorian in Bethlehem, PA, 450K Asking - Once in a lifetime opportunity to own this exceptional masterpiece built by Tilghman Fogel who wanted to build the most unique home at the time. The result was this 5 bedroom Victorian, huge wrap around porch situated on 2.7 acres. The impressive original woodwork is all intact and just waiting to be restored. There is also a 2nd floor 4 bedroom apartment in the attached building which was recently renovated. Additional outbuildings and storage facilities are also located on the property. A new roof and new windows were recently installed in the property.
9. Single unit Rachel Drive townhouse in Bethlehem, PA, 225K Asking: 1 Unit, 22.8k Gross 18.5k Net with 8.2% cap rate @ asking. Wonderfully maintained with brand new central air unit and the owner is currently remodeling the kitchen with all new appliances and flooring.
10. Single unit Belle Flower townhouse in Allentown, PA, 250K Asking: 1 Unit, 26.4K Gross, 21.4K Net with 8.6% cap rate. Property is only 6 years old plus the basement was just fully finished, newer roof, fresh paint, newer carpets, newer appliances.
11. Single unit Kings Rd, Bi-Level Single Family Home in Hanover Twp. Estimate value of 262K renovated 3 bedrooms, 3 baths with a walkout to covered patio and a gorgeous deck to enjoy the in-ground pool. Also features an attached 2-car garage.
12. Single unit Taylor Ave, all-brick, cape style, single home in Easton, PA, 220K Asking: Renovated and remodeled 3BR, 1BA home with 26.4K Gross, 21.4K Net with 9.73% cap rate.
13. Gas Station - Valero Gas Station in Summit Hill, PA: PROFIT bearing with 1.7MM gross and 135k Net at 500K asking with 27% Cap Rate. Award-winning VALERO franchise. This offering includes both the land with 250' frontage and turnkey Valero franchise which is cash flowing and completely remodeled with mini-mart and brand new restaurant increasing sales year over year. The property has excellent curb appeal being located on very heavily traveled State Route 902 and next to the city center with massive foot traffic. ALL financials are available upon request. Roughly 150k in recent upgrades including all new pumps installed in November 2017, new roof, led lights, interior upgrades, restaurant buildout, etc. All certificates up to date, environmental completely clean, and site inspection passed. With Valero contract, the owner makes 1.5 cents per gallon in rebates. The mini-mart includes a full kitchen which generates over $25,000 per year. Confirmed best-rated gas station in a 5-mile radius. Close to route 209, 309, 476 and 81.
Hotels:
14. Simplicity Inn, 22 Room Hotel in Hershey, PA, 2.2MM Asking: Perfect location w/ pool in the Heart of Hershey just 6 miles away from all of the Hershey Park, Chocolate World & the stadium. Renting the rooms has never been a problem due to the location and demand generators.
15. Holiday Inn Pittsburgh, PA 6.7MM Asking - 70 rooms, 8.26% Cap Rate at asking price built in 2012 - Request OM if interested.
16. Courtyard Toledo, OH 12MM Asking - 97 rooms 7.63% Cap Rate at asking price built in 2016 - Request OM if interested.
17. Comfort Suites in Monaca, PA, 3.5MM Asking - 41 rooms (33 King 8 doubles) 3 stories w/interior corridors built in 2007 - Request OM if interested.
18. Comfort Inn in Pittsburgh, PA 3.2MM Asking - 50 rooms (35 King 15 doubles) 4 stories w/Interior Corridors built in 2012 - Request OM if interested.
19. Hampton Inn & Suites in Toledo, OH 7.2MM - 74 rooms, 3 stories w/interior corridors built in 2000 - Request OM if interested.
We have several On-market multi-family properties that we are highlighting for the month, please download the listings at https://tejasgosaiteam.com/multi-family-listings
Thank you for the opportunity to earn your business, we look forward to a great 2019.