Multifamily For Sale

$182,000

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176 2nd Street

  • 5 beds
  • 3.5 baths
  • 1,134 sqft
  • $160 per sqft
  • 1920 build

ATTENTION INVESTORS! MOTIVATED SELLER with this FOUR UNIT Mixed Use with 11.9% CAP Rate currently with room to do even more asset management to increase rents. Commercial Storefront is a successful Flower Shop and is a long term tenant. Second and third floor apartments are occupied with detached home in the rear of the property. Located in the heart of Lehighton with plenty of parking spaces on the street. Property needs some TLC and is being sold "as is". Offers will only be accepted with inspections for informational purposes only. Seller will not be willing to do any repairs.

GLVR logo Listing courtesy of GLVR / Full Circle Realty&PropManagmt

Last checked: Checking… • Last updated Jan 26, 2021 • Source: GLVR

MLS# 653687 —

Amenities & Taxes

The Building

Year Built:
1920
Construction:
Other
Square Footage:
1,134 Sqft

Financial & Terms

Possible Financing:
Cash, Conventional

Location

Area:
Lehighton
Latitude:
40.831937
Longitude:
-75.710458

The Property

Property Type:
Investment Property
Property Sub Type:
Investment Property
Property Sub Type Category:
Apartment Style, Commercial, Mixed Use
Zoning Code:
B-Ns/Business/Neighborhood

Listing Agent

Contact info:

Taxes

Total Taxes:
$3,711.17

Beds

Bedrooms:
5

Baths

Bathrooms:
4
Full Bathrooms:
3
Half Bathrooms:
1

The Listing

Marketing Remarks:
ATTENTION INVESTORS! MOTIVATED SELLER with this FOUR UNIT Mixed Use with 11.9% CAP Rate currently with room to do even more asset management to increase rents. Commercial Storefront is a successful Flower Shop and is a long term tenant. Second and third floor apartments are occupied with detached home in the rear of the property. Located in the heart of Lehighton with plenty of parking spaces on the street. Property needs some TLC and is being sold "as is". Offers will only be accepted with inspections for informational purposes only. Seller will not be willing to do any repairs.

Heating & Cooling

Heat:
No
Cooling:
No Air

Utilities

Water Sewer:
2400
Water:
Public
Gas:
1500
Sewer:
Public
Electric:
No

Schools

School District:
Lehighton

The Community

Subdivision:
Not in Development
Association:
Lehigh Valley MLS

Parking

Parking:
Paved Lot

Schools

Rating Details
5

Lehighton Area High School

  • Public
  • 9-12
  • 0.9 mi

GreatSchools scores are based on a scale from 1 to 10, where 10 is above average.

The school service areas are not definitive and should only be used as guidance. GreatSchools Ratings provided by www.greatschools.org

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Sale history

Date Event Source Price % Change
1/26/21
Price Changed GLVR $182,000 -9.0%
11/3/20
Listed / Active GLVR $199,900 -9.1% (-4.3% / YR)
9/28/18
Sold GLVR $220,000

Finding records…

No additional history available

If new records are added for this property, we’ll share them here.

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176 2nd Street
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