PA > Washington Twp > Not In Development
Washington Twp, PA 18080,7108 PA Route 873
Washington Twp, PA 18080,7108 PA Route 873
Washington Twp, PA 18080,7108 PA Route 873
Washington Twp, PA 18080,7108 PA Route 873
Washington Twp, PA 18080,7108 PA Route 873
Washington Twp, PA 18080,7108 PA Route 873
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Heather McFadden

Heather McFadden

Morganelli Properties

+1(610) 360-1137
$ 750,000
Est. payment | /mo

6,690 SqFt

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$ 750,000
Est. payment | /mo
Save

6,690 SqFt

Key Details

Property Type Condo, Commercial

Sub Type Apartment Style,Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 6,690 sqft

Price per Sqft $112

Subdivision Not In Development

MLS Listing ID 754963

Year Built 1954

Annual Tax Amount $9,130

Lot Size 2.390 Acres

Property Sub-Type Apartment Style,Mixed Use

Property Description

Investors, take notice—7108 PA Route 873 in Slatington is a rare opportunity to acquire a fully occupied, 7-unit mixed-use property that delivers consistent performance and outstanding value-add potential. This income-generating asset features five well-maintained apartments (four 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit), a detached 2-bedroom, 1-bath ranch home, as well as a 1,200 square foot workshop/storage building, and two garages that provide additional rental income streams. Tenants cover electric, and trash, while the landlord is responsible for water/sewer, heat, lawn care, and house electric meter. The property has been fully occupied for the past three years, reflecting its strong tenant appeal and operational stability. With an actual net operating income (NOI) of $62K and a pro forma NOI of $72,000, this property offers immediate cash flow with room for increased returns through strategic upgrades and rent adjustments. Offered at an actual 8.3% cap rate, and a proforma 9.6% cap rate. Whether you're expanding your portfolio or seeking your next high-performing asset, this property checks all the boxes for stability, upside, and long-term investment success. Owner is a licensed Realtor.

Location

State PA

County Lehigh

Area Washington_L

Interior

Cooling Window ACs

Exterior

Garage Spaces 8.0

Building

Sewer Septic

Water Well

New Construction No

Schools

School District Northern Lehigh

Others

Financing Cash,Conventional

Special Listing Condition Not Applicable

Listed by EXP Realty LLC
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(610) 360-1137

heather.m@morganelliproperties.com

1124 Linden Street, Bethlehem, Pennsylvania, 18018, USA

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7108 PA Route 873