$ 725,000
-
$725,000
Price -
6
Bed -
0
Bath -
2,620
SqFt
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About the Listing ROUTF1 - 3279154
A rare opportunity awaits in the highly desirable Borough of Hellertown with this fully occupied, 4-unit investment property. Meticulously maintained, this unique building has been proudly owned by the same family since its construction as 2 twins in 1908, before being converted to apartments in the early 1960s. The current owner has lovingly cared for the property for over 40 years, ensuring it remains a solid, reliable asset for the next investor. The building features an attractive mix of 2 one-bedroom and 2 two-bedroom apartments. Each apartment provides privacy and convenience with its own separate entrance and 2 dedicated off-street parking spaces. Landlord overhead is low, as the property features separate utility meters with tenants responsible for paying their own electric, gas, water, and sewer bills. Upside potential exists within the current rent roll and operating expenses. While some units have been recently refreshed, a couple of the apartments are in good condition but do need some updating, offering the perfect cosmetic value-add project for a new owner. Combined with bringing the currently below-market leases up to prevailing market rates after minor updates, an 8% or higher cap rate is easily attainable. As an added bonus, the building recently passed its municipal inspections, meaning no Borough rental inspections are required for nearly five years. Call today to schedule a private viewing and add this exceptional property to your real estate portfolio!
Listing Highlights
Status
Active
Days on Site
8
Property Type
Multi-Family
MLS ®
PANH2009894
Year Built
1908
Total Square Footage
2,620
Lot/Acreage
0.14
County
Northampton
School District
Saucon Valley
Elementary School
Saucon Valley
Middle School
Saucon Valley
High School
Saucon Valley
Interior Details
- Bedrooms: 6
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Ceiling Fan(s),Ductless/Mini-Split,Window Unit(s)
- Heating: Hot Water,Radiator,Forced Air,Heat Pump(s)
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 2620
- Below Ground Sq Ft: 0
- Basement: Dirt Floor
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Parking Spaces: 10
- Lot Dimensions: 0.00 x 0.00
- Zoning: Mixed use
- Roof: Architectural Shingle
- Others: Very Good
- Sewer: Public Sewer
- Parking Features: Assigned,Paved Parking,Private,On Street,Off Street,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $6,533
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2026
Payment Calculator
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Questions About..
1083 1083-1085 Main St Hellertown, PA 18055
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