Bob Gruber
REALTOR®, REALTOR®, e-Certified, ABR, GRI, Associate Broker
Cell: (717) 940-3687
Office: (717) 367-3500
SQUARE FEET2,620
MLS#PANH2010882
STATUSACTIVE
PROPERTY TYPEMulti Unit - Multiple
SCHOOLSAUCON VALLEY
Property Description
Back on the market due to fault of its own! 4 Unit FULLY occupied investment property now available in the desirable Borough of Hellertown. This unique building has been proudly owned by the same family since its construction as 2 twins in 1908, before being converted to apartments in the early 1960s. The current owner (and former resident) has lovingly cared for the property for over 40 years, ensuring it remains a solid, reliable asset for the next investor. The building features 2 one-bedroom and 2 two-bedroom apartments each with its own separate entrance and 2 dedicated off-street parking spaces. Landlord overhead is low, as the property features separate utility meters with tenants responsible for paying their own electric, gas, water, and sewer bills. Upside potential exists within the current rent roll and operating expenses. Current gross monthly income is nearly $5,000 and the cap rate at list price is 6.75% with 8%+ easily attainable given some updates and market rents. Each unit has been inspected by the Borough so no rental inspections are due until 2031. Call today to view this property and add it to your portfolio!
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full, Outside Entrance, Unfinished
Cooling: Ceiling Fan(s), Ductless/Mini-Split, Window Unit(s)
Fuel Type: Electric, Natural Gas
Heating: Hot Water, Radiator, Forced Air, Heat Pump(s)
Lot Size: 0.14 Acres
Roof Type: Architectural Shingle
Taxes: $6,532
Year Built: 1908
Feature Descriptions
Additional Structures: Above Grade, Below Grade
Electric: 220 Volts, Circuit Breakers
Exterior: Vinyl Siding, Aluminum Siding
Lot Dimensions: 0.14 Acre(S)
Municipality: HELLERTOWN BORO
One Bedroom Units: 2
Parking Notes: Assigned, Paved Parking, Private
Sewer: Public Sewer
Structure Type: Detached
Total Garage/Parking Spaces: 10
Two Bedroom Units: 2
Units: 4
Utilities: Cable TV
Water: Public
Local Schools
High School: SAUCON VALLEY
Middle School: SAUCON VALLEY
Elementary School: SAUCON VALLEY
School District: SAUCON VALLEY
Listed By / Shown By
Listed By
Agency Name: Realty Outfitters
Agency Phone: 4848513057
Shown By
Agent Name: Bob Gruber
Agent Phone: Cell: (717) 940-3687
Agency Title: Berkshire Hathaway HomeServices Homesale Realty
First AmericanEstimate Your Payment
Estimated Payment
$ 2,369.33 per month $1,613.54 Principal & Interest $544.33 Property Tax $211.46 Homeowner's Insurance
Corporate Office - 215 S Centerville Rd. Lancaster, PA 17603
1083-1085 Main Street | MLS# PANH2010882
This multi-family property located at 1083-1085 Main Street , Hellertown, PA 18055 is currently listed for sale with an asking price of $725,000. 1083-1085 Main Street is located within the SAUCON VALLEY school district. Search Hellertown real estate on bob-gruber.homesale.com today.