Halli Eckhoff - Coldwell Banker Hearthside
4358 Newburg Rd
Lower Nazareth Twp, PA 18064

Description

$111,240 GROSS INCOME, $77,911 NET INCOME, 14% CAP (3/4 units occupied) Turnkey, cash-flowing, 4-unit asset located on route 191 Nazareth Pike with 445 feet of frontage on an almost one-acre corner lot at a 4-way intersection w/ traffic lights. The property is zoned commercial and has a bus stop on the premises while being classified as mixed-use res/office/apartments. The offering includes 3 contiguous parcels & buildings totaling 11,692SF of leasable space from 3 residential units and one commercial unit. Located across from Lafayette Ambassador Bank and near dining/retail. Building 1 is 9,656SF & has a large paved parking lot in rear w/ 6,800SF ground level com space & 2 Apartments with a new roof and 3 phase 400 amps of power. Building 2 is a 4BR home w/ all newly updated paint, furnace, roof, and central air. 1.5 hours from Phili/NYC, seconds from 33 & 22. NO ZONING APPROVALS NEEDED, everything is already in place.

Details

MLS#593449
Sub-TypeResale
StatusActive
Year1976
Days On Site38

Features

SQ Feet11,692
Units4

Additional Information

County Taxes2068.54
Municiple Taxes727.50
School Taxes9552.10
Total Taxes12348.14

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Area Information

StatePA
CountyNorthampton
CityLower Nazareth Twp
Zip Code18064
AreaLower Nazareth
Listing VS Median (in 18064)
Price:
$557,000
low | high
Med:
$294,450
97.13644524237% of Average
SqFt:
11,692
low | high
Med:
2,013
100% of Average
$ / SqFt:
$48
low | high
Med:
$146
100% of Average
On Site:
38
low | high
Med:
245
15.510204081633% of Average
Listing Updated: 11/20/2018
MLS Number: 593449
Listing Provided By:
Tejas Gosai  of  CENTURY 21 Keim