29 2nd Street

Catasauqua, PA 18032

$693,000
Price
Beds
3,454 Sq. Ft.
$201 / Sq. Ft.
3,454
Sq. Ft.
$201
per Sq. Ft.

Description

Welcome to a prime investment opportunity in the Borough of Catasauqua. This large property is a mix of separate residential units and long-term efficiency rentals. 7-residential units in all with 3 separate garage rentals for additional income. 4 units have a private bathroom and kitchen space, while the 3 efficiency rentals share a common bathroom. Each unit has space for a fridge and kitchenette. Units and common areas are well-maintained making this a solid investment opportunity. Current leases...Welcome to a prime investment opportunity in the Borough of Catasauqua. This large property is a mix of separate residential units and long-term efficiency rentals. 7-residential units in all with 3 separate garage rentals for additional income. 4 units have a private bathroom and kitchen space, while the 3 efficiency rentals share a common bathroom. Each unit has space for a fridge and kitchenette. Units and common areas are well-maintained making this a solid investment opportunity. Current leases specify landlord covered utilities and ratio-billing, or chargebacks offset owner expenses. New roof installed in 2022. Owner also selling MLS 736612. Contact Ron Bowser with questions or to schedule a showing. Ronald@dejesusteam.com
  1. Listed by Ronald S. Bowser • Steel City Realty

Property Details for 29 2nd Street

Area
Catasauqua
Sub division
Not in Development

Location

Listing Courtesy of Steel City Realty
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LISTING UPDATED: 05/03/2024 02:29 PM

Property Details for 29 2nd Street

StatusAvailable
MLS #736560
Days on Market11
Taxes$8,131 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Detached
Year Built1870
Lot Size0.10 AC / 4,530 SF
CountyLehigh County

Location

Listing Courtesy of Steel City Realty
Add your commute

Building Information for 29 2nd Street

Stories2Residences7Year Built1870Building Size-Lot Size0.10 AC / 4,530 SF

Payment Calculator

$4,460 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,782

Property Taxes

$678

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 29 2nd Street

Summary
Location and General Information
  • Directions: From Race Street, turn onto Front St. At stop sign, make a right onto W Union St, continue straight and make a right onto 2nd Street. The property is on your left.
  • School District: Catasauqua
Parking
  • Garage: Detached
  • ParkingSpaces: 0
Taxes and HOA Information
  • Association: Lehigh Valley MLS
  • County Taxes: $776.41
  • Lawn Snow Removal: $0
  • Maintenance Repair: $0
  • Management: 0
  • Municipal Taxes: $3,091.27
  • School Taxes: $4,263.08
  • Total Taxes: $8,130.76
Property
Lot Information
  • Acres: 0.104
  • APN: 640818703348001
  • Zoning Code: R2-MEDIUM DENSITY RESIDENTIAL
Property and Assessments
  • County Assessment: $205,400.00
  • Property SubType Category: Detached
  • Adult Comm 55 Over: No
Utilities
  • Cooling: No Air
  • Electric: 0
  • Gas: $0
  • Sewer: Public
  • Water: Public
  • Water Sewer: 4500
Interior and Exterior Features
Exterior Features
  • Construction: Stucco
Interior Features
  • Heat: $0
  • Heat Type: Baseboard, Electric
Multi Family
Multi-Family Information
  • Gross Income: $72,108.00
  • Insurance: $2,300
  • Net Income: $57,000.00
  • Operating Expense: $15,000
  • Other Expenses: $0
  • Trash Removal: 0
  • Total Unit Count: 10
  • Total Units: 7
Unit 1
  • Unit Total1 Bedroom: 7

Property History for 29 2nd Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 29 2nd Street

Taxable ValueLand$18,000Additions$187,400Total$205,400
Tax Record2024$8,131 ($678 / month)
Home Facts
Baths4Total Finished SqFt2,798 SqFtAbove Grade Finished SqFt2,798 SqFtStories3Lot Size4,532 SqFtStyleMulti-Family Res (5+ Units)Year Built1870ZoningR2CountyLEHIGHAPN640818703348-1

Schools near 29 2nd Street

This home is within Catasauqua Area School District.
Rating
School
Type
Grades
Distance
Public - K to 4
Public - 5 to 8
Public - 9 to 12
Private - PK to 12
Rating
School
Distance
Francis H Sheckler El School
PublicK to 4

Catasauqua Middle School
Public5 to 8

Catasauqua Senior High School
Public9 to 12

Bridgeway Academy
PrivatePK 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.

Similar Homes

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Similar Sold Homes

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29 2nd Street is a multi-family home for sale in Catasauqua, PA 18032. This property was listed for sale on April 23, 2024 by Steel City Realty, it's currently listed at $693,000. It has been on the market for a total of 11 days and was last sold on July 15, 2021. This listing's school district is Catasauqua Area School District. Nearby schools include Francis H Sheckler El School, Catasauqua Middle School and Catasauqua Senior High School. 29 2nd Street is a 0-bed, 0-bath, 3,454 sqft multi-family home built in 1870.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Steel City Realty

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.