East Penn Township, PA 18235,1361 Lizard Creek RD

$900,000

Est. payment /mo

$999,000

9.9%
Est.Price: ?

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1361 Lizard Creek RD East Penn Township, PA 18235

14 Beds

7 Baths

8,271 SqFt

SOLD DATE : 12/10/2024

Key Details

Sold Price $900,000

Property Type Apartment

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

Square Footage 8,271 sqft

Price per Sqft $108

Subdivision No Subdivision

MLS Listing ID 743499

Sold Date 12/10/24

Bedrooms 14

Full Baths 7

HOA Y/N No

Year Built 1992

Annual Tax Amount $10,921

Lot Size 2.460 Acres

Acres 2.46

Property Sub-Type Apartment

Property Description

$85200 Gross Rent a year and minimal maintenance. Discover an exceptional investment opportunity with this 1992-built, 7-unit apartment building featuring a timeless brick front and solid construction. Each unit offers two spacious bedrooms and one full bath, an LR, & a balcony/ Wide solid staircase. The top Floor is a penthouse Nestled on a picturesque A 2.46-acre lot, this property is ideally located near beautiful state parks and essential amenities, blending the serenity of nature with urban convenience. Recent upgrades, including a new roof and water system ensure the property remains in excellent condition with low maintenance
costs. Long-term tenants provide stable rental income, with current rents attractively low, presenting a prime opportunity to increase market rates and boost your ROI. 5000 Sq Ft Paved parking for 15 cars. and coin-operated laundry in the building. Beyond its immediate benefits, the expansive lot offers significant potential for future development, allowing you to tailor the property to meet evolving market demands and maximize growth potential. This property is more than just an income generator; it's a versatile asset with both immediate rewards and long-term possibilities. Whether you're a seasoned investor or new to real estate, this apartment building is sure to meet your financial goals and exceed your expectations. Contact us now to schedule a viewing and take the first step toward enhancing your portfolio with this remarkable opportunity

Location

State PA

County Carbon

Area East Penn

Direction via PA-248 W and PA-895 W

Interior

Interior Features Balcony

Heating Electric

Cooling Ceiling Fan(s), Wall/Window Unit(s)

Fireplace No

Laundry Common Area

Exterior

Parking Features Off Street, Parking Lot

Water Access Desc Well

Total Parking Spaces 16

Building

Story 2

Sewer Septic Tank

Water Well

Schools

School District Lehighton

Others

Senior Community No

Tax ID 72-9-A23.01

Security Features Fire Escape

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Other

Special Listing Condition None

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Listed by Keller Williams Northampton
Bought with Keller Williams Northampton
agent

Michael Gibbons

Agent | License ID: RS362721

+1(610) 704-9709

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