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1361 Lizard Creek Road
East Penn, PA 18235
Residential Multi Family (Other)
2.46 Acres
8271 Sqft Living Area
14 Bedrooms
7 Bathrooms (7 Full, 0 Half)
Year Built: 1992
$999,000
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Property Description
$85200 Gross Rent a year and minimal maintenance. Discover an exceptional investment opportunity with this 1992-built, 7-unit apartment building featuring a timeless brick front and solid construction. Each unit offers two spacious bedrooms and one full bath, an LR, & a balcony/ Wide solid staircase. The top Floor is a penthouse Nestled on a picturesque 2.46-acre lot, this property is ideally located near beautiful state parks and essential amenities, blending the serenity of nature with urban convenience. Recent upgrades, including a new roof and water system to ensure the property remains in excellent condition with low maintenance costs. Long-term tenants provide stable rental income, with current rents attractively low, presenting a prime opportunity to increase market rates and boost your ROI. 5000 Sq Ft Paved parking for 15 cars.and Coin operated laundry in the building.Beyond its immediate benefits, the expansive lot offers significant potential for future development, allowing you to tailor the property to meet evolving market demands and maximize growth potential. This property is more than just an income generator; it’s a versatile asset with both immediate rewards and long-term possibilities. Whether you're a seasoned investor or new to real estate, this apartment building is sure to meet your financial goals and exceed your expectations. Contact us now to schedule a viewing and take the first step towards enhancing your portfolio with this remarkable opportunity.
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Contact Details
Name: Preety Minhas
Email: PREETYMINHAS@GMAIL.COM
MLS Listing Id: 738176
Agent Phone: (484) 358-5688
List Agent License:
Office Name: Keller Williams Real Estate
Office Phone: (610) 867-8888
Office MLS Id: KWNC
Listing Status: Active
Listing URL: https://listings.listhub.net/pages/LVARPA/738176/?channel=openhousinc
Copyright © 2024 Greater Lehigh Valley REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Copyright © 2024 OpenHous, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
