DETAILS

4-Unit Investment Property | Fully Occupied | $56K+ Annual Income Fantastic opportunity to own a fully leased 4-unit multifamily property in the heart of Pen Argyl Borough. This well-maintained asset offers a mix of 1- 2- and 3 bedroom units with long-term tenants in place, providing strong and stable cash flow from day one. Built in 1900, this detached building offers 2,257 square feet of rentable space. All utilities are paid by tenants through RUBS (Ratio Utility Billing System), keeping operating costs low. The property produces a gross annual income of $56,535, with a net income of $42,221 and total expenses of just $14,314, including taxes, insurance, management, and minimal owner-paid utilities. This property is currently under professional management and the management company is offering an incentive to the future buyer if management is continued. Offering Memorandum available upon request.

PROPERTY FEATURES

PROPERTY DETAILS

Street Address: 500 W Pennsylvania Avenue
City: Pen Argyl
State: Pennsylvania
Postal Code: 18072
County: Northampton
MLS Number: 759214
Year Built: 1900
Courtesy of CENTURY 21 Pinnacle

Similar Properties

listing main pic Active
$1,200,000
8 bds 7 ba
210 W Main Street, Pen Argyl, PA, 18072
disclaimer image Courtesy of Coldwell Banker Heritage R E
listing main pic Active
$549,900
4 bds 3 ba 2,884 Sqft
803 Birch Avenue, Pen Argyl, PA, 18072
disclaimer image Courtesy of Great American Real Estate Co
listing main pic Active
$495,000
5 bds 4 ba
500 W Pennsylvania Avenue, Pen Argyl, PA, 18072
disclaimer image Courtesy of CENTURY 21 Pinnacle