905 Palmer Street
Property Description
Check out this fully-leased 3-unit in West Easton borough, featuring a detached, two-unit building paired with six garage bays, offering a unique configuration of two double bays and two single bay garages. This real estate opportunity offers immediate and stable cash flow. The current owner occupies one of the garage's single bays, thus presenting additional rent potential for the new LL. Unit 1 contains one bedroom and one bath and laundry, while the upstairs, Unit 2, offers a larger layout equipped with three bedrooms, one bath and laundry. Tenancy is supported by independent utility arrangements, as tenants pay for their own heat/gas and electric. The landlord pays for water, sewer, and trash, but two water meters are present on-site, allowing the new owner to easily charge the tenants water usage, increasing the NET Income! Outdoor living areas include a covered side porch attached to Unit 1 and a covered front porch for Unit 2 porch offering a quiet, outdoor space for both tenants. Beyond the six garage bays, a large parking area allows for another four to five parking spots. Additionally, there's plenty of storage for all, utilizing the basement, as well as garage space. A well-maintained charmer in the Wilson School District, the new owner will have peace of mind, as the exterior is capped with a brand new roof and the property will be sold with a clear CO.
Broker Details
Iron Valley Real Estate of Lehigh Valley (484) 241-1011
MLS ID: jcwalton
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $497,000 |
| No. of Units: | 3 |
| Year Built: | 1900 |
| Lot Size: | 1,862.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $165,667 |
| Property Website | Click Here |
| Number of Bedrooms: | 4 |
| Number of Bathrooms: | 2 |
ID: 3yd-LVARPA-785813
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