Michael Orth - Coldwell Banker Hearthside
423 Nazareth Pike
Lower Nazareth Twp, PA 18064

Description

$111,240 GROSS INCOME, $77,911 NET INCOME, 14% CAP@ASKING* 100k invested in this turnkey cash flowing 9 UNIT asset located on 20k+ traffic count highway RT 191 Nazareth Pike w/ 445' of FRONTAGE on .9 ACRE CORNER lot @ a 4-way intersection w/ traffic lights & w/in Nazareth SD. W/ bus stop on premises, property is zoned commercial, specifically mixed-use res/office/apts. Offering includes 3 contiguous parcels & buildings totaling 11,692SF of leasable space from 3 res, 3 storefronts, 2 rear units & 1 parking lot. Across from famous bank, dining & retail. Building 1= 9,656SF & has large paved parking lot in rear w/ 6,800SF ground level com space & 2nd FL= 2 APTS, one 2BR & 1BR w/ kitchen, LR & 1BA w/ electric heat. New roof, 3 phase 400 amps. See 2D & 3D FL plans & area information. Building 2= 4BR 2,036 SF home w/ all NEW & UPDATED: paint, furnace, roof, central air, kitchen, BAs, basement & rented @ 1520/mo. 1.5 from Phili/NYC, seconds from 33 & 22. Subject to zoning approvals.

Details

MLS#590111
StyleIndustrial
Sub-TypeResale
StatusActive
Year1976
Days On Site39

Features

SQ Feet11,692
Story(s)0
Units9
ZoningC

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:
$289,000
98.114901256732% of Average
SqFt:
11,692
low | high
Med:
4,457
100% of Average
$ / SqFt:
$48
low | high
Med:
$65
13.890380411423% of Average
On Site:
39
low | high
Med:
37
100% of Average
Listing Updated: 10/18/2018
MLS Number: 590111
Listing Provided By:
Tejas Gosai  of  CENTURY 21 Keim