313 Main Street
Property Description
Don't miss your chance to own this well maintained, income producing detached 2 unit property offering a strong cap rate of over 9%. Whether you're looking to expand your investment portfolio or purchase your first multifamily property, this turnkey building offers updated interiors, separate utilities and excellent cash flow potential. Both units have been thoughtfully updated with fresh paint, new flooring, renovated kitchens featuring granite countertops, new cabinetry and newer appliances making them highly desirable for tenants while minimizing future maintenance expenses. Unit 1: spacious entrance foyer, 4 generously sized bedrooms, large & inviting living room, cozy eat-in kitchen, oversized full bathroom, dedicated laundry room with washer & dryer, gas forced-air heat. Unit 2: enclosed front porch entrance, bright living room, modern eat-in kitchen, large full bathroom, 2 bedrooms on the second floor & 2 additional bedrooms plus a versatile loft area on the finished third floor, electric baseboard heat. Additional features include: plenty of off-street parking for tenants, newer vinyl siding, both hot water heaters recently replaced, separate electric, heat and water/sewer utilities - there are separate water meters that allows tenants to pay their own water bills which helps maximize your net operating income. With updated interiors, separate utilities, minimal owner expenses and a proven cap rate exceeding 9%, this is a rare opportunity to acquire a true cash flowing investment property. Schedule your showing today and start earning!
Broker Details
Iron Valley Real Estate of Lehigh Valley (484) 241-1011
MLS ID: matoshen
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $279,000 |
| No. of Units: | 2 |
| Year Built: | 1870 |
| Lot Size: | 2,503.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $139,500 |
| Property Website | Click Here |
| Number of Bedrooms: | 8 |
| Number of Bathrooms: | 2 |
ID: 3yd-LVARPA-780809
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