662 Main Street,Slatington Boro, PA 18080
Slatington Boro, PA 18080
Description
Turnkey 4-unit investment opportunity generating strong cash flow in a prime downtown location. This well-maintained property produces $78,600 in gross annual income with an impressive net income of $63,542, delivering a 9.77% cap rate. The building has been extensively updated, featuring a newer roof, modernized kitchens and bathrooms, and durable LVP flooring throughout most of the building. Over $70,000 in improvements have been invested into the thriving daycare tenant occupying the first floor, adding long-term stability to the income stream. Additional highlights include off-street parking, with ample free public parking nearby for tenants and visitors. Ideally situated within walking distance to restaurants, shops, and everyday conveniences, this property benefits from strong rental demand. Value-add potential remains with opportunities to introduce on-site laundry, create additional storage income, and possibly expand existing units to further increase returns. A solid, income-producing asset ready to enhance any investment portfolio.
Details
| MLS # | 781710 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 1900 |
| Days On Site | 77 |
| Listing Provided By | RE/MAX Real Estate | Bob Susko Jr. |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 4 Total |
| SQ Feet | 5,614 |
| Story(s) | 3 |
| Units | 4 |
| Zoning | TC |
| Acreage | 0.06 |
Parking
| Parking Features | Off Street, On Street |
|---|
Taxes
| Tax Annual Amount | 7208.83 |
|---|
Area Information
| State | PA |
|---|---|
| County | Lehigh |
| City | Slatington Boro |
| Zip Code | 18080 |
| Area | Slatington |
| Community Name | Not in Development |
| Listing VS Median (in Not in Development) | |
Price: $619,900 low | high Med: $299,000 sqft: 5,614 low | high Med: 1,469 $ / sqft: $110 low | high Med: $218 On site: 77 low | high Med: 4.5 | |
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Learn More About This Property
| State | PA |
|---|---|
| County | Lehigh |
| City | Slatington Boro |
| Zip Code | 18080 |
| Area | Slatington |
| Community Name | Not in Development |
| Listing VS Median (in Not in Development) | |
Price: $619,900 low | high Med: $299,000 sqft: 5,614 low | high Med: 1,469 $ / sqft: $110 low | high Med: $218 On site: 77 low | high Med: 4.5 | |
