364 S 1st Street
Property Description
Discover an exceptional investment opportunity in the heart of downtown Bangor, promising immediate profitability and a seamlessly managed portfolio. This meticulously maintained four-unit property is fully leased with high rents and features great tenants, ensuring a consistent income stream from day one. The owner's relocation presents a rare chance for an astute investor to acquire a turn-key asset within the vibrant Lehigh Valley/Slate-Belt community. Each unit has been diligently cared for, reflecting pride of ownership and minimizing future maintenance concerns. Every unit offers a comfortable one-bedroom, one-bath layout, and convenient in-unit washer/dryers, enhancing tenant satisfaction. Three of the units boast private decks, while Unit 4 enjoys a covered outdoor space, as well as two entrances! A serene wooded area borders the rear of the property, offering a tranquil backdrop. This truly turnkey property benefits from reliable tenants and allows for easy walks to the charming downtown area. Tenants responsibly cover their own electric and heat expenses, while the landlord manages water, sewer, and trash services. Abundant on-street parking is readily available for residents and their guests. This property provides a solid foundation for long-term financial growth, combining reliable tenancy with a prime location in an area in between the Lehigh Valley and the Poconos. Seize this unique opportunity to step into a profitable venture and confidently expand an investment portfolio.Broker Details
Iron Valley Real Estate of Lehigh Valley (484) 241-1011
MLS ID: jcwalton
Key Property Information
| Listing Status: | Under Contract |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $519,000 |
| No. of Units: | 4 |
| Year Built: | 1920 |
| Lot Size: | 3,668.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $129,750 |
| Property Website | Click Here |
| Number of Bedrooms: | 4 |
| Number of Bathrooms: | 4 |
ID: 3yd-LVARPA-782061
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