202 Center St, Stockertown, PA

Multi-family for Sale - $350,000 - 8,134 Sq. Ft. on 0.47 acres


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Agent Info

NameLoren Keim
CompanyCentury 21 Keim Realtors

Property Info

CIMLS #1025934
Location202 Center St
Stockertown PA 18083
Last UpdatedMay 24th, 2019
TypeMulti-family
Price$350,000
Building8,134 Sq. Ft.
Land0.47 acres
DemographicsView data

Contact


Property Description

47,400 GROSS, 35,331 NET PROFIT, 10.1% CAP@ASKING [Actual]. Over 150k spent to remodel and revitalize this turn-key cash-flowing fully-occupied 4-unit brick apartment complex with all upgrades and approved plans to build 2 additional luxury townhomes for a proposed rent of 1800 each (see plans in pictures). Rents can be increased due to condition and location of property. Located w/ in minutes of Route 33. Surrounded by Lincoln Schoolyard Park, full court basketball and comes with 15 parking spaces. Three 2BR, 1.5BA = 1200 sqft each + one 3BR, 1.5BA with 1500 sqft. *New kitchens with brandname appliances. *Completely re-plumbed. *All new wiring, completely redone. *New base board heating systems put in 2017. *All new high quality Anderson windows. *Fresh Paint. *New washers and dryers installed. *Noise insulated walls. Approved plans for luxury townhomes include 2 large BR + 2BA. *Low taxes. SOLD “AS IS.”



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