121 S 1st St Lehighton, PA

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S St St, Lehighton, Home For Sale

Price: $249,000
Address: 121 S 1st St
City: Lehighton
State: PA
Zip:
Bathrooms: 6
Bedrooms: 9
Fee: No
Provided By: RealtyWW

Description:

PROJECTED YEARLY GROSS INCOME is $103, 000+! Remarkable opportunity with a 17.00%+ CAP Rate once rented! This property is a blank slate and ready for a savvy investor to take over. The main floor has a storefront currently rented at $1, 500 per month. The second and third floor have a total of FIVE renovation-ready apartments. These units are down to the studs! A modern 2 bed 1 bath unit can rent for upwards of $1, 500 per month, based on local comps. There is also an opportunity to convert the basement to a barber shop, tattoo parlor, or similar business to drive extra rental revenue. New roof in 2019 and first floor heating/cooling in 2023. Zoning approval needed prior to any conversion or constructionFor more details: https://realtyww.info/homes_lehighton-d530333/for-sale_i76893588

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