1240 Pembroke, Freemansburg, PA 18017

$480,000
5
BD
3
BA
4,950
SqFt
List Price
$480,000
MLS#
732646
Status
AVAILABLE
Type
Multifamily
Total Units
3
City
Freemansburg
Area
Freemansburg
County
Northampton
Bedrooms
5
Bathrooms
3
Living Area
4,950
Lot Size
5,500
Year Built
1928

Property Description

$62,160 Gross Income, $48,010 Net Income, 10% Cap. These prideful owners have invested over $100K to renovate and rebrand this fully occupied, cash-flowing, 3-unit investment property including a full renovation of all residential and commercial units plus a newly paved $30K parking lot. Each unit was modernized from top to bottom with fresh paint, new HW flooring, energy-efficient windows, newly tiled bathrooms, and all-new kitchens with GRANITE countertops, new appliances, & each tenant has their own washer/dryer. The basement was separated to allow for tenant storage. The 3BR unit is very large and has a lot of sunlight. The 2BR is spacious and has oversized Bedrooms. The commercial unit has brand-new temp-controlled split units. There is a total of 10 paved parking spaces for tenants and commercial. Long-standing commercial tenant has a 5-year lease and is in year 2 with the option to renew. Brand new sidewalks along the exterior. Tenants pay all utilities. The ownership group is listing over 25 multi-family units available in addition to this property. *Seller is a licensed real estate agent. *** PROJECTIONS with slightly highers rents come in at above $70,000 Gross.***

Additional Information

Acres
0.13
Construction
Other, Vinyl
Cooling
Central AC, Wall AC
Garage
Driveway Parking, Off & On Street, Parking Lot
Living Area
4,950
Lot Size
5,500
Net Income
48010
Operating Expense
14150
Other Expenses
1250
Parking Spaces
10
Region
Freemansburg
School District
Bethlehem
Sewer
Public
Stories
2
Taxes
$4,563
Total Units
3
Water Sewer
2000
Zoning
GC-GENERAL COMMERCIAL

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of EXP Realty LLC.

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