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$920,000
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Property Description
10.3%+ CAP at asking, $120,900 Gross Income, $98,000 Net Income, and LAND to build another apartment building on SITE. These two apartment buildings are on 1.24 acres with 6 units on two parcels, sold together or separately. 4025 Main St is a 2,473 SF converted house including two 2 units, a 2-car garage, and significant updates. 4029 Main Street is a 4,488 SF apartment building with FOUR 2BR units and a covered parking garage in the rear. All units are 2BR/1BA with separate entries. 12+ parking spaces (6 paved, 4 covered carports, plus 2 car garage). Built in 1950, extensively renovated and converted into residential suites in 2005. Since then, there have been many upgrades to the exterior/interior within the past 5 years. All units have central air and private entry. All units have oversized bedrooms with a porch or balcony as well as large living/family rooms and eat-in kitchens. All kitchens and bathrooms are renovated and show very well to command the rents for the area. All units have washers and dryers. The rear of the property offers a large area of land for potential development or expansion (requires zoning confirmation). Acceptable offers within 5% of the asking price at or above $910,000 will be presented to the seller and will have serious consideration if within reasonable terms. NOTE - The owners love this property but live 1.5 hours away and due to the distance, they are selling to the lucky buyer. Potential to sell separately, inquire further.
Full Property Details
Full Property Details for 4025 Main Street 4029
General
- Sold For: $920,000
- Taxes: $11,056
- Status: Closed
- Type: Apartment
- Source: Lehigh_Valley
- MLS ID: 730730
- Added to Site: 780 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 6
- Full Bathrooms: 6
Bedrooms
- Total Bedrooms: 12
Exterior
- Exterior Features: Balcony, Patio
Parking
- Parking: Carport, Unpaved Lot
Location
- Area: Washington_L
- County: Lehigh
- Subdivision: Not in Development
Community
- Home Owners Assn.: Lehigh Valley MLS
Heating & Cooling
- Cooling Type: Central AC
Utilities
- Sewer: Public
- Water: Public
Structural Information
- Construction: Frame, Imitation Stone, Vinyl
- Square Feet: 6,961
- Year Built: 1950
Lot Features
- Lot Size (Acres): 1.2
- Lot Size (Sq. Ft.): 52,272
- Lot Size Source: Tax Records
- Zoning: residential
Financial Considerations
- Tax Amount: $11,056.99
Disclosures and Reports
- Special Conditions: Not Applicable
Listed by EXP Realty LLC
Sold by Keller Williams Real Estate
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Schools
Schools serving 4025 Main Street 4029
School District:Northern Lehigh School District
| Name | Grades | Distance |
|---|---|---|
Peters El School 4055 Friedens Road, Slatington, PA 18080 | K-2 | 1.8 mi |
Slatington El School 1201 Shadow Oaks Lane, Slatington, PA 18080 | 3-6 | 2.7 mi |
Northern Lehigh Middle School 600 Diamond Street, Slatington, PA 18080 | 7-8 | 2.7 mi |
Northern Lehigh Senior High School 1 Bulldog Lane, Slatington, PA 18080 | 9-12 | 2.6 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 4025 Main Street 4029
Date
Details
Price
Change
Source
3/22/2024
Sold
$920,000
-3.16%
MLS
1/16/2024
Listed
$950,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
4025 Main Street 4029, Washington Township, PA 18079 (MLS# 730730) is a Apartment property that was sold at $920,000 on March 22, 2024. Want to learn more about 4025 Main Street 4029? Do you have questions about finding other Apartment real estate for sale in Washington Township? You can browse all Washington Township real estate or contact a Coldwell Banker agent to request more information.

