New multis, price reductions, new commercial inventory, ONLY 81 days left in 2019!

Newsletter Archive
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For any of these properties, see below for teammates. 

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1043 E. Chew St. Allentown, PA

1.25MM @ 7.5% Cap

12 Units, CLASS A+, NOW WITH CLEAR CO, newly updated exterior, and newly renovated units! This is your opportunity to own a fully occupied property including 2 buildings on one deed with 6 units each, in the burgeoning Allentown market. $130,740 Gross (actual), $93,750 NET (actual), 7.5% CAP @ 1.25 MM asking. SEE DRONE VIDEO. Eight 2 bedroom units, four 1 bedroom units. 16 private parking spaces dedicated to rear units with street parking for front tenants. Updated interior, exposed brick, renovated kitchens, modern bathrooms. Long term tenants, solid leases. Property is being sold, "AS IS,“ however owners are currently renovating the exterior with a new facade, multiple units are being totally rehabbed, refinished common area with LED lighting and new doors, brand new landscaping and signage, new dividing walls on front porch, and owners are currently completing the city inspection, expected by 11/15/2019. Easily increase rents with no renovation by $100/unit to raise the gross to $155,400 and supercharge Net Income to $118,410 to attain a 9.5% Projected CAP.

Click Here For Drone Video https://www.youtube.com/watch?v=FzaBvMuc2hE&t=2s 

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Brand New 3037 S. Pike Ave. Salisbury, PA

 Owner Retiring - 18 room Commercial Office Building at 3037 S Pike Ave also known as the "S Pike Ave Office Center" is for sale. Building is approximately 5000 square feet of office space with 19 parking spaces and sets upon a 64,991 square foot lot (1.49 acre). Room to expand parking & building. Located close to I-78 on busy Rt. 145 (Pike Ave. ). Direct access to Rte 309 N/S and PA Turnpike 476 N/S. Ground level plus 2 additional levels w/ fully carpeted offices; several interconnect. Income units include 2 at ground level, 8 on 1st fl. , 9 on 2nd fl. & 1 garage. Two bathrooms per floor, waiting area & ground level storage area. While ground level unit needs some work. it has office w/ kitchen & half bath. Daily traffic count on Rte 145 is 16,000 cars a day. Past occupants have included: legal, accounting, insurance, counseling, medical, & transportation. Call to schedule your showing. Office rents have traditionally been below market. Projected room rates are listed below.

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BRAND NEW Whitehall Commercial Space

3629 E Columbia

Fantastic investment opportunity on the corner of MacArthur Blvd and Columbia St, this perfectly level lot is ready for someone with vision to bring this property to it's potential. The current property was built in 1895 by the owner of Alpha Cement and as you can imagine no expenses were spared. The current owner has added: new plumbing, new electrical, new sewer lines, and drywall. Old world charm and an open layout with an addition on the rear of the house for additional office space. Beautiful and original woodworking, cabinetry and floors have been brought down to natural, bare wood, ready to finish. This property has so many possibilities and is ready for you to establish your new business or expand your existing business. There is currently parking for 18 vehicles, which could be more by expanding the parking lot. Please call Whitehall Township Zoning for ANY and ALL permitted uses.

 

Click for 360 Tour: https://360mediapro.vr-360-tour.com/e/LDYBbYKwUcI/e?hide_nadir=true&hidelive=true

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PRICE REDUCTION 1 Unit Allentown Open house Sunday 2-4pm

389 W Greenleaf

$12k Gross $9,600 Net with an 8.7% Cap at $100k Asking Price.  This is a very well maintained, ALL-BRICK, 4BR, 2.5BA, 1 car garage, row home with a large kitchen, mudroom, fully finished basement, a beautiful backyard oasis, and a newer rubber roof. Property is within walking distance of the PPL Center and all that downtown Allentown offers. 1st FL features an open floor plan, gleaming hardwood, and smooth flow through to the kitchen and spacious dining room with half bath. Upstairs you will find 4 oversized bedrooms and an updated full bathroom. The finished basement has an updated full bathroom, entertainment center & half-gym. The current rent is below the current market for this type of home. Property has a fenced-in yard, one-car garage, and additional backyard/off-street parking. Newer water heater installed. Great home for a family or a turn-key property to add to an investment portfolio.

PRICE REDUCED 8 Unit Allentown

Liberty St

$58,500 Gross, $45,843 Net with a 10.78% Cap Rate at $410k Asking Price.  6 of the units are efficiencies, You will see how large they are and that's why they are getting $600 to $625 for 2 rooms that share a bathroom, There are 2 full-size apartments on the 1st floor. One is a 3 bedroom rented for ONLY $700--should be $1000 then the other 1 bedroom apartment is rented for only $650. The efficiencies are great rents, both apartments can/should go up an extra $500 per month which will give you an extra $6k net! 

This property is a money maker - great cash flow! Property has all rental licenses and is up to code. Inspections are welcome, however, this property is being offered "as is".

PRICE REDUCED 1 Unit Allentown

Whitehall St

Fully Occupied $11,400 Gross, $10,900 Net with a 14.5% Cap Rate at $75k Asking Price.  **Projected numbers Actual numbers are $9k Gross, $8.5 Net.  Rents are currently $750 and can easily be increased to $950 to obtain the projected numbers.

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Commercial Space Poconos

2473 Rte 611

Asking Price $1,875,000 Owners just completed a 500K redesign of this 15,000SF, commercially zoned, free-standing building with 175 parking spaces located on massively-trafficked Route 611 with 5.76 acres seconds from Interstate Highway 80 with over 375 feet of frontage. This property can house almost any purpose, e.g., event/catering destination, car dealership, corporate center, office space, or return to its previous use as an extremely successful hotel/restaurant. 1st FL has a freshly painted & newly drywalled open floor plan, fully lined with windows & access to a commercial kitchen. Southside of the building has residential quarters & upstairs previously housed over 10 hotel rooms. PennDot averages 35K cars/day with NO OFFSEASON due to summer & winter family attractions, surrounded by 14 resorts. 60 mins from NYC & 90 from Phili. Attractions bring millions of tourists, including, Great Wolf Ski Lodge & Indoor Water Park, Kalahari Resort, Camelback Ski Resort, Mt. Airy Casino, & Crossings Outlet Store.

Click Here for 360 Tour:  https://360mediapro.vr-360-tour.com/e/LDYBbYKXdJY/e?hide_nadir=true&hidelive=true

Click Here for the Walk Through: https://www.youtube.com/watch?v=xeNDom71xr8&feature=youtu.be

Click Here for Drone Video:  https://www.youtube.com/watch?v=RPfWsISX52c&feature=youtu.be

Click Here for the MLS Listing: https://matrix.lvar-mls.com/matrix/shared/sppRPLLHr0Dd/2343611

Click for VIRTUAL TOUR:https://360mediapro.vr-360-tour.com/e/LDYBbSaRcSQ/e

NEW Whitehall 7 Units  Class A Property, No Value Add, Absolutely Best In Class

2102 S Lehigh

7 Units, Fully Occupied, $82,620 Gross, $69,908 Net with a 9.64% Cap Rate at $725,00 Asking Price.  The property consists of 2- two-bedroom and 5- one-bedroom apartments. There are two sides of a twin and a converted 3 story home, which feature highly efficient gas central air/heat.  All tenants pay their own utilities. The property has been fully renovated and is fully occupied.  The units include new kitchens and bathrooms, upgraded plumbing, new water heaters, new flooring, upgraded walls for better insulation & moisture resistance, newer roof, the entire building was re-pointed, new landscaping which included removal of large trees to ensure the safety of the property and tenants.  60% of the tenants are long term and there is a potential to increase the rents.  There has never been an issue with vacancies due to the location of the property it draws a huge amount of interest.

All full-price offers will be protected with a 6-month warranty on plumbing, electric or any apartment related repair.  The seller is will to stay on and continue to maintain the property at a discounted rate to ensure a smooth transfer for an absentee investor.  The seller currently has one of the tenants maintaining the property in regards to the lawn & snow removal, this is a highly efficient way to handle this and the tenant is willing to continue doing this as he is getting a reduction on his rent.

 

NEW 5 Unit Allentown

6th Street

$33,300 Gross $26,640 Net 8.8% Cap Rate at $300k Asking Price.  This property has 4 1BR 1BA & 1 2BR 1BA apartments.  All of the rents are very low and could easily be increased with some renovation.  The owner just installed a brand new roof in 2018 at a cost of $10k.

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NEW 10 Unit Allentown

$80K Gross, $54K Net with 7.4% Cap Rate at Asking Price of $725k.  Excellent location. Fully occupied all 1 bedroom apartments. Tenants pay electric. Very long term tenants.  All rents could easily be increased with some updating apartments. Great cash flow with loads of potential. 

 

NEW Land

Rasberry St

Parcel of land zoned residential in the heart of Bethlehem.  Asking Price is $10k.

NEW 1 Unit Bethlehem

820 Wyandotte

Fully Occupied $16,800 Gross, $13,440 Net with a 10.33% Cap Rate at $130k Asking Price.  This property has been fully renovated with all new kitchen, bathroom, new carpeting throughout and a brand new deck.  Tenants pay all utilities. 

NEW 840 E Lancaster Ave

$1.3MM GROSS, $1.04MM NET, 6% CAP. Offering 2 "CLASS A" retail/office buildings totaling 32,000 SF on 1.8 acres located at a 4-way traffic light intersection with over 40K in daily vehicle count, featuring, 1000FT of Philadelphia Main Line frontage, 50 ground level parking spaces & an 80-car underground garage. Taking 10 yrs to complete & revered as a modern-day Taj Mahal, this project is estimated to cost over 25MM to construct & was forged by the owner purchasing 8 parcels to build unparalleled curb appeal. With the primary purpose of catering to the luxury demographic of Philadelphia’s elite, this asset was built by expert craftsmen from across the world using only the best materials. The 1st building (20KSF) features high-class restaurant & retail/office space with PA's 2nd largest 25,000 bottle wine cellar/dining room. Upstairs has a 2nd high-class restaurant with retail/office/banquet space. The 2nd building (10KSF) has high-end medical/retail/office space. See attached media.

NEW 2 Unit Stroudsburg

808 Sarah

INVESTORS ONLY - Gross Income: $30,600 Net Income: $20,600 Cap Rate: 6.87% @ Asking Price of $300k and includes a BUILDABLE LOT to expand the investment. This is a 2 family home (3008 sq feet) with masonry construction and includes a 3 car garage plus an extra lot to build at the rear of the property. Upgrades include: *new electric, *new forced hot air heat, and *new updated and renovated kitchens. Each side has 6 rooms, 3 bedrooms, and 1 bath. 2 blocks from Main St. Good condition. No repairs required. Unit 808 pays 1250 in rent and has shared use of the garage and also has a first floor half bath. Unit 806 pays 1300 per month rent has a modern kitchen with oak cabinets. The extra piece of land is on the tax records or viewable through google maps.

7-Bldg Lehigh Univ. Housing Portfolio, Bethlehem 3.465MM

Rare opportunity to purchase a turnkey, Lehigh University off-campus housing portfolio. Consists of 7 properties, 5 Beds each property, selling only as a package. All buildings have Clear CO’s. Currently renting for the 2021-2022 Year. 

7-Bldg Student Housing Portfolio, Bethlehem 3.850MM

CONFIDENTIAL LISTING: Rare opportunity to purchase a turnkey, Lehigh University Student Housing Portfolio. 7-Property Portfolio, selling only as a package. 35 Beds (all 7 buildings consist of 5 bedrooms and 2 bathrooms). All buildings have Clear CO’s. Leased through May 2021. Gross Income for the 2020-2021 Year is $323,700. Currently renting for the 2021-2022 Year. 

PRICE REDUCED Bethlehem - 10,000+ Square Foot Commercial Property 2.375MM

3464 Linden St.

No expenses were spared with this 10,000+ SF flex use property on Linden Street in Bethlehem. You will not be able to find a better designed and constructed commercial building currently in the Lehigh Valley. The retail space has custom millwork and cabinetry throughout along with a gas fireplace. There is an elevator that accesses the second-floor offices. The roof was designed with custom-built roof trusses for additional storage. The property sits on 2 acres on high volume route 191 in Bethlehem for maximum retail exposure. BONUS - there is over an acre of buildable land and you can build the same buildings twice or put a strip mall in (zoning applies)

 

PRICE REDUCED Bethlehem Property Single Family Home

262 W Langhorne

Asking Price $409k. Thousands invested to update & beautify this meticulously maintained 2,500+SF, 4BR, 2.5BA, Frank Chiles-built ranch home in the prestigious Monacacy Hills subdivision off Bethlehem's Main Street Extension. The 1.04 acre park-like lot with towering mature trees extends to the Monacacy Creek. The main floor, complete with hardwood flooring, opens to an expansive family room with wood burning fireplace & formal dining room with french door access to the upper deck. The sizable eat-in kitchen boasts custom cherry cabinetry, chef-grade stainless steel appliances, granite countertops, & wine fridge. The main floor master bedroom features a newly renovated en-suite bathroom including vanity, toilet, tiled floors & jetted spa shower with rain shower head. Two additional bedrooms and fully renovated full bath complete the first level. The lower level provides a 4th bedroom, renovated 1/2 bath, family room, 2nd fireplace & bonus area all with resilient floors & access to the lower deck.

 

Easton Property Single Family Home Price Reduction 189,999

765 Klein Rd.

$24,000 Gross, $18,000 NET, 8.3% CAP @ Asking. Modern amenities meet old world charm in this gorgeous 1430SF+, 4BR, 2BA, completely remodeled single family renovated farmhouse featuring a 1st-fl master bedroom w/ large walk-in closet, brand new carpeting, & well-appointed tiled en-suite master bathroom. Plentiful windows draw you into the cozy, light-filled family room w/ new resilient laminate wood flooring, seamlessly flowing into the eat-in kitchen, which boasts impeccable white shaker cabinets, granite countertops, center island w/ breakfast bar & brand new stainless steel appliances & farmhouse sink. A spacious mudroom completes the 1st fl. The 2nd fl features three additional bedrooms w/ new carpeting & an additional freshly remodeled tile bathroom. The large yard framed w/ mature trees is perfect for enjoying breezy summer nights & fall foliage. Fresh paint throughout. ALL NEW: roof w/ warranty, water heater, 200 amp electrical box, wiring & plumbing throughout. Newer windows.

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.

NEW Northampton 4 Units - Class A Property, No Value Add, Absolutely Best In Class

1915 Main St

4 Units, Fully Occupied, $49,596 Gross, $39,678.58 Net with a 7.97% Cap Rate at $497,500 Asking Price.  Fantastic fully occupied, turn-key property.  You will be purchasing 4 great units within walking distance to the heart of Northampton and transportation stations.  This property also has the added rents, for storage units & coin laundry.

 

  

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.  

2 Profitable Cattasaqua Bar/Restaurants with Liquor License

2 BUILDING, 2 RESTAURANTS, massive traffic count and extremely established landmark restaurant open for nearly 20 years available for sale
Restaurant and lounge with fully equipped kitchen.
• burner stove
• pizza oven
• fryer
• flat top
• steam table
• food warmer

Palmerton Bar and Restaurant

Popular Brew Pub and Restaurant with on-site parking located in a highly-populated area. Sale includes Real Estate, Furniture, Fixtures, Equipment, Brewery License (Liquor License) & Goodwill.
The main level of the restaurant/pub seats approximately 50 patrons.

A popular, well-known restaurant in a prominent location and up-and-coming area. Liquor license included in this price! There is a ton of potential with this spacious establishment which features banquet/private party facilities. Cozy yet very nice size bar on the main floor with multiple distinct dining areas. In addition to the liquor license, assets, equipment, name, goodwill and all are included in this turn-key operation ready for your finishing touches.

 

PRICE REDUCED Laundromat Business & Building - Allentown

 Our Owner is selling his laundromat business for $599k with a 16.3% 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 $1.45MM for both you will net $170k with an 11.7% 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.

Bethlehem Single Family Home

3177 Rachel Dr. Bethlehem, Pa.

Recently renovated, Impeccably maintained, 3BR, 2.5 BA END UNIT townhome situated on a quiet cul-de-sac in Bethlehem Township. 1st floor features an open layout, towering vaulted ceiling w/ skylight plus a unique bay window, 9 ft ceilings & gleaming oak hardwood flooring. Beautiful kitchen including, custom cabinetry, brand new stainless steel suite (installed for sale), and double bowl sink with recessed lighting and tray ceiling. Dining room w/ tile flooring & vast living room with hard wood floors & sliding glass doors out to the backyard oasis and spacious deck. Upstairs you'll find 3 large bedrooms, loft suitable as a library, and 2 full baths w/ tile floors & walls. Master BR includes walk-in closet & a full bath. Full basement with high ceilings. 1 car finished garage w/ plenty of storage & insulated door. Nice wood deck, full basement for storage, 1st floor laundry.

 

Click here for additional information

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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:
Lauren Jung - 484.352.2748, l.j@thetgteam.com
Office - 610.250.8905
Century 21 Keim Realtors
Suite J
2299 Brodhead Rd
Bethlehem, PA 18020
  
  

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