$900,000
$999,000
9.9%For more information regarding the value of a property, please contact us for a free consultation.
1361 Lizard Creek RD East Penn Township, PA 18235
14 Beds
7 Baths
8,271 SqFt
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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Bought with Keller Williams Northampton