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PRICE REDUCED 6 Unit Allentown

448 N 10th St

OPEN HOUSE SUNDAY, NOVEMBER 3 12-3PM

$50,150 NET, 8.88% CAP rate @ $565K asking Reduced from $600K. This is a well maintained 6-unit property on a very busy street in Allentown. It consists of 2 commercial units, 4 apartments, and a two-car garage that brings in $150/mo. these stores take care of any repairs needed. The tenants are pleasant and very cooperative. Tenants pay for everything except taxes, insurance, common electric, and water/sewer which Landlord pays for. there is no trash bill on this property. Existing leases are yearly and Landlord will not be renewing any of them. It will be left to the new owner to decide what to do about the current tenants. This Property has several amenities within a one-mile radius. 

OPEN HOUSE SUNDAY, NOVEMBER 3 12-3PM

1043 E. Chew St. Allentown, PA

1.25MM @ 7.5% Cap

OPEN HOUSE NOVEMBER 3rd, 3-5 PM

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.

OPEN HOUSE NOVEMBER 3rd, 3-5 PM

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

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Commercial Lease

751 Union

$5k per month.  Our client just closed on this absolutely pristine investment property and they are now looking for a high-quality renter to rent the commercial space.  The renter will have access to the storefront and the full commercial kitchen space in the basement complete with everything a baker could ever need to run a successful bakery business.  Contact us today for a showing.

Check out the 360 Virtual Tour here: https://360mediapro.vr-360-tour.com/e/LDYBbh0Mik4/e?hide_nadir=true&hidelive=true

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

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.

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.

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

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.

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! 

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 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.

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.

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)

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.

PRICE REDUCED Bethlehem Property Single Family Home

262 W Langhorne

OPEN HOUSE SUNDAY, NOVEMBER 3 12-3PM

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. 

OPEN HOUSE SUNDAY, NOVEMBER 3 12-3PM

For any of these properties, contact any of our teammates.