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REDUCED 7-unit DEVELOPEMENT PROJECT with a projected Gross $121,200 & NET $90,700. All permits, zoning requirements, designs, and plans are 100% approved for immediate development. The property is located on the main street of Alburtis, which resembles Pleasantville, and has a steady growth of great tenants looking for a quiet place to live. The "after repair value" for sale is 1.15MM. The main structure is approved for 5 residential units plus 1 commercial and has an additional 7th unit carriage house in the rear. Sellers have completed some serious work and have decided to focus on another project. Sellers have too many other projects going on. So, their loss is your Gain. The design includes large open floorplans and unique architectural designs [SEE ATTACHED FLOOR PLANS AND RENDERINGS].
| DAYS ON MARKET | 65 | LAST UPDATED | 11/8/2023 |
|---|---|---|---|
| TRACT | Not in Development | YEAR BUILT | 1878 |
| COMMUNITY | Alburtis | COUNTY | Lehigh |
| STATUS | Sold | PROPERTY TYPE(S) | Multi Family |
| ADDITIONAL DETAILS | |
| AIR | Ceiling Fan(s), Wall Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Alburtis |
| CONSTRUCTION | Frame, Stone |
| EXTERIOR | Balcony |
| HEAT | Baseboard |
| LOT | 0.285 acre(s) |
| LOT DIMENSIONS | 12401.0 |
| PARKING | Off Site, Parking Lot, Unpaved |
| SEWER | Public Sewer |
| STORIES | 2 |
| SUBDIVISION | Not in Development |
| TAXES | 7364.76 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
P
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*Estimate only
Listed with EXP Realty LLC
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