176 S 2nd St
Lehighton, PA 18235
Retail Property For Sale
Property Facts
About 176 S 2ND ST , LEHIGHTON, PA 18235
$37,800 INCOME, $28,902 PROFIT. *12%+ CAP RATE.* Turnkey cash flowing 4 unit asset with easy-to-add 1 unit. Three large rental units + 1 commercial storefront located in highly trafficked prime downtown location. Over 150k in upgrades and renovations to these buildings in the past few years. Zoned Commercial including newly renovated 3-6 bedroom apartment located on 2nd and 3rd floor of main building. *New floors, roof, gutters, paint. On lower level behind storefront - 3 bedroom apartment with patio and large backyard. To the rear of the property, a detached 3 bedroom apartment with 3 car garage. The 4th commercial unit is currently the storefront is being operated as a successful flower shop with a long-term lease. All deposits and executed leases. Top Rents due to condition and location. Immediate re-rent. Thousands in upgrades to exterior and interior. Upgraded utilities. Upgraded and remodelled units. Low upkeep.
Property Taxes
| Parcel Number | 70A10-29-R32 | Improvements Assessment | $47,425 |
| Land Assessment | $6,650 | Total Assessment | $54,075 |
Property Taxes
