251 Main Street
Property Description
Investor opportunity in Slatington offering strong in-place income and an attractive return profile. This fully occupied 3-unit property generates $43,200 in annual rental income, reflecting an approximate a great cap rate at the current list price. Each unit features a private balcony or deck, enhancing tenant appeal and retention. Current rents are $1,050/month (Unit 1), $1,100/month (Unit 2), and $1,450/month (Unit 3). Units 1 and 3 have been recently renovated, providing a desirable mix of updated interiors and stable tenancy. Additional highlights include on-street parking and a convenient location within the Northern Lehigh School District, close to shopping, dining, and major routes. A turnkey investment opportunity with immediate cash flow and upside potentialideal for both seasoned investors and those looking to expand their portfolio.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $445,000 |
| Year Built: | 1905 |
| Lot Size: | 3,351.00 Sq ft |
| Opportunity Zone: | No |
| Number of Bedrooms: | 6 |
| Number of Bathrooms: | 3 |
ID: 3yd-FOXROACH-779676
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