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Allentown 12 Unit

1043/1053 E. Chew Street

12 Units, Fully Occupied, 2 buildings on one deed, 6 units each, Allentown, PA - $127,200 Gross (actual), $91,580 NET (actual). Projected rent = $141,600 GROSS (conservatively projected), $106,080 NET (conservatively projected). SEE DRONE VIDEO. Eight 2 bedroom units, four 1 bedroom units. 16 private parking spaces dedicated to units. Updated interior, exposed brick, renovated kitchens, modern bathrooms. Long term tenants, solid leases. Easily increase rents with no renovation by $100/unit to raise the Net Income to $106,080. 
9.2% CAP @ $1 MM Cash. 8.4% CAP @ $1.1 MM Financed. Property is being sold, "AS IS." 


PRIVATE SHOWING FOR PREQUALIFIED BUYERS on SATURDAY, AUGUST 10TH 2-4PM, FOR ACCESS PLEASE CONTACT LAUREN JUNG 484-352-2748

Bethlehem 3 Units - Class A Property, No Value Add, Absolutely Best In Class

2013 Linden

3 Units, Fully Occupied, $45k Gross, $26,167 Net with a 4.2% Cap Rate at $619k Asking Price.  Current Rents are very low for this area and could easily be increased which will give you $61,200 Projected Gross, $42,367 Projected Net and a 6.84% Projected Cap Rate.  This meticulously maintained property also has a massive 4 car garage that the owner is currently allowing the tenants to use for free which could be easily rented for additional income. 

 

 

  

Bethlehem 5 Unit - Class A Property, No Value Add, Absolutely Pristine

5 Units, Fully Occupied, $75k Gross, $62,934 Net with a 7.68% Cap Rate at $819k Asking Price.  Current Rents are very low for this area and could easily be increased which will give you $87,600 Projected Gross, $75,534 Projected Net and a 9.22% Projected Cap Rate.  This amazing property consists of a single-family home that is attached to the rest of the multi-family units.  There is also a massive 5 car garage that the owner is currently allowing the tenants to use for free which they could easily be rented for additional income. 

 

Easton 3 Unit Medical Office with Lehigh Valley Network Anchor Tenants

2001 Fairview, Easton, PA - $225,000 Gross with triple net leases equaling an 11.9% Cap Rate at $1.89MM Asking Price.  Prime location, across from Easton Hospital on .73 acres with 14,552 sq ft of rentable space. 2 units are currently rented to long term doctors at $16/SF with triple net leases covering significant expenses.  

15 Units (5 COMM & 10 RES) @ Traffic Light, Emmaus

Three buildings catty-corner together in Emmaus $189k Gross, $155,180 Net with a 9.4% Cap Rate at $1,650,000 Asking Price.  Fully occupied, long leases with low rents that can easily be increased to bring raise cap rate significantly.  Owner is highly motivated.  

PRIVATE SHOWING FOR PRE-QUALIFIED BUYERS, contact The Tejas Gosai Team below. 

175+ BED - Student Housing Kutztown, PA

Multi-address portfolio with 11 buildings, 175+ current students under leases into 2020 + 4 commercial spaces all 100% leased. Gross =  $1,312,227.25.  Net = $887,255.92 Cap Rate 8.78% at $10.1 MM Asking Price.
 

Laundromat Business & Building - Allentown

 Our Owner is selling his laundromat business for $650k with an 18% Cap Rate. This includes renting the building w/expenses for $6k a month. There is an option to buy the building as well for an additional $850k which would put your total investment at $1.5MM for both you will net $170k with an 11.3% Cap Rate. The owner only puts in 4 hours per week.  All machines take credit cards including soda & candy machines. He is also willing to stay for 3 months to train you.

Whitehall 2 Units

311 5th St

$20,400 Gross $15,409 Net  9.6% Cap Rate at $160k Asking Price.  This property comes with .37 acres which include a buildable lot.  The owner is highly motivated to bring offers.

 
 
 
 

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Allentown 3 Units

106 N 13th St

$33k Gross, $27,545 Net with an 11.5% Cap Rate at $240k Asking Price w/Financing.  Fully occupied property with a clear CO. The owner needs to sell quickly and is looking for a 30-day quick close.

 
 

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Allentown 1 Unit

1339 Maumee

$18k Gross $15,700 Net  11.2% Cap Rate at $130k Asking Price.  4 bedrooms 1 bath home with plumbing in place for another bathroom on the 2nd floor.  The property also includes an adjacent corner lot. The owner is highly motivated and is looking for a 30-day quick close. 

 
 
 
 

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Easton 1 Unit

2650 John St

$19,800 Gross $14,200 Net 5.9% Cap Rate at $240k Asking Price.  Rents can easily be raised to $2k per month which will give you a 7.6% Cap Rate. Fully occupied, recently fully renovated. Motivated Seller.

OPEN HOUSE SATURDAY, AUGUST 10TH 2-4PM

Drone footage link:  https://www.youtube.com/watch?v=XXv6QNt8uEI&feature=youtu.be

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2 Units in Allentown

301 N 2nd St 

$14k NET 10% Cap Rate at $140k Asking Price.  Fully occupied, turnkey, cash-flowing 2-unit multifamily. 

 

 

2 Units in Whitehall

4122 Harrison 

$19,800 Gross $12,017 Net 8.9% Cap Rate at $135k Asking Price.  Fully occupied, turnkey, cash-flowing 2-unit multifamily. 1 lot 2 houses, rental units.  Current rents are $850 and $800 which is very low for the area and could easily be increased to $1,200 and $1,100 which will bring you to a 14.67% Cap Rate. One house is a 2 bedroom, 1 bath. The other is a 1 bed, 1 bath.

3 Units in Easton

701 Wood Ave

$30k Gross $22k Net 9.7% Cap Rate at $225k Asking Price.  Fully occupied, turnkey, cash-flowing 3-unit multifamily. 

OPEN HOUSE SATURDAY, AUGUST 10TH 2-4PM

 

Exeter 1 Unit

1207 Deer Run

$16,800 Gross $13,300 Net 12.09% Cap Rate with only asking $1,400 per month in rent at $110k Asking Price 

3BR 1.5BA - 1,330 Sq ft. - Taxes $2700

Electric Heat - New HVAC - Newer Roof approx 4 years old.  Rents average $1400- $1650 - With a small amount of updating could easily get over $1650 in rent.
 
Owner motivated to sell.

Off-market medical office in the Philly Naval Yards.  It is 100% leased by 5 doctors who all PG'd the leases which all NNN and all have 10+ years remaining.  The building is 33k SF.  NOI is $995k Leases all have 3% annual increases.  Asking Price is $14.85M.

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Contact us:
www.thetgteam.com
Lauren Jung - 484.352.2748, l.j@thetgteam.com
James Reardon - 484.866.2495, j.r@thetgteam.com
Office - 610.250.8905
Century 21 Keim Realtors
Suite J
2299 Brodhead Rd
Bethlehem, PA 18020
 
 
 

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