1784 United States Rte 209
1784 United States Rte 209
$1,250,000
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Sold & Settled 7/11/22
Description
Fully-leased mixed-use investment property available for purchase. The investment consists of 13 total rental units, 11 of which are residential & 2 are commercial. The 2 commercial tenants are a children’s learning & activity center and a retail ‘jewelry/cash for gold’ business. The residential units are three 1-Bedroom rentals, six 2-Bedroom rentals, a 3-Bedroom single family home, and a garage rental unit. The property is located on accessible Route 209 and tenants enjoy abundant off-street parking...Fully-leased mixed-use investment property available for purchase. The investment consists of 13 total rental units, 11 of which are residential & 2 are commercial. The 2 commercial tenants are a children’s learning & activity center and a retail ‘jewelry/cash for gold’ business. The residential units are three 1-Bedroom rentals, six 2-Bedroom rentals, a 3-Bedroom single family home, and a garage rental unit. The property is located on accessible Route 209 and tenants enjoy abundant off-street parking with good access to local amenities
Tenants are responsible for base rent, electric & heat with landlord paying landscaping & trash. This investment is being offered at a 6.7% CAP rate on the current NOI of $140,028.00. Current rental rates would be considered ‘modest/fair’ with room for market increases. This property portfolio is located less than 40 min from the Lehigh Valley, 5 miles to route 33, and less than 10 miles to Rt. 80. Private showings are available upon request.
Tenants are responsible for base rent, electric & heat with landlord paying landscaping & trash. This investment is being offered at a 6.7% CAP rate on the current NOI of $140,028.00. Current rental rates would be considered ‘modest/fair’ with room for market increases. This property portfolio is located less than 40 min from the Lehigh Valley, 5 miles to route 33, and less than 10 miles to Rt. 80. Private showings are available upon request.
- Listed by Peter J. Adams • BHHS Fox & Roach Macungie
Property Details for 1784 United States Rte 209
Area
Chestnuthill Twp
Sub divisionNot in Development
Location
LISTING UPDATED: 07/12/2022 10:14 AM
Property Details for 1784 United States Rte 209
Status | Sold & Settled |
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MLS # | 679792 |
Days on Market | 229 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-Family / Mixed Use |
Year Built | 1902 |
Lot Size | - |
County | Monroe County |
Location
Building Information for 1784 United States Rte 209
Stories-Residences13Year Built1902Building Size-Lot Size-
Payment Calculator
$6,822 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1784 United States Rte 209
Property History for 1784 United States Rte 209
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 1784 United States Rte 209
This home is within Pleasant Valley School District.
Rating | School | Type | Grades | Distance |
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Public - | K to 3 | |||
Public - | 7 to 8 | |||
Public - | 9 to 12 |
Rating | School | Distance |
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Pleasant Valley El School PublicK to 3 | ||
Pleasant Valley Middle School Public7 to 8 | ||
Pleasant Valley High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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