1361 E Lizard Rd
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1361 E Lizard Rd
7 Unit Block of Flats £782,517 (£111,788/Unit) 6.12% Net Initial Yield Lehighton, PA 18235
Investment Highlights
- $85200 Gross Rent a year
- Exceptional Investment Opportunity
- Minimal Maintenance.
Executive Summary
$85200 Gross Rent a year and minimal maintenance.Discover an exceptional investment opportunity with this 1992-built, 7-unit apartment building featuring a timeless brick front and solid construction. Each unit offers two spacious bedrooms and one full bath, an LR, & a balcony/ Wide solid staircase. The top Floor is a penthouse Nestled on a picturesque 2.46-acre lot, this property is ideally located near beautiful state parks and essential amenities, blending the serenity of nature with urban convenience. Recent upgrades, including a new roof and water system ensure the property remains in excellent condition with low maintenance costs. Long-term tenants provide stable rental income, with current rents attractively low, presenting a prime opportunity to increase market rates and boost your ROI. 5000 Sq Ft Paved parking for 15 cars.and coin-operated laundry in the building. Beyond its immediate benefits, the expansive lot offers significant potential for future development, allowing you to tailor the property to meet evolving market demands and maximize growth potential. This property is more than just an income generator; it’s a versatile asset with both immediate rewards and long-term possibilities. Whether you're a seasoned investor or new to real estate, this apartment building is sure to meet your financial goals and exceed your expectations. Contact us now to schedule a viewing and take the first step towards
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | - | - |
Other Income | - | - |
Vacancy Loss | - | - |
Effective Gross Income | - | - |
Net Operating Income | $99,999 | $9.99 |
Financial Summary (Actual - 2023) Click Here to Access
Gross Rental Income | |
---|---|
Annual | - |
Annual Per SF | - |
Other Income | |
---|---|
Annual | - |
Annual Per SF | - |
Vacancy Loss | |
---|---|
Annual | - |
Annual Per SF | - |
Effective Gross Income | |
---|---|
Annual | - |
Annual Per SF | - |
Net Operating Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Property Facts
Price | £782,517 | Apartment Style | Garden |
Price Per Unit | £111,788 | Building Class | C |
Sale Type | Investment | Lot Size | 2.46 AC |
Net Initial Yield | 6.12% | Building Size | 1,808 SF |
No. Units | 7 | Average Occupancy | 100% |
Property Type | Residential | Number of Floors | 2 |
Property Subtype | Apartment | Year Built | 1992 |
Price | £782,517 |
Price Per Unit | £111,788 |
Sale Type | Investment |
Net Initial Yield | 6.12% |
No. Units | 7 |
Property Type | Residential |
Property Subtype | Apartment |
Apartment Style | Garden |
Building Class | C |
Lot Size | 2.46 AC |
Building Size | 1,808 SF |
Average Occupancy | 100% |
Number of Floors | 2 |
Year Built | 1992 |
Unit Mix Information
Description | No. Units | Avg. Rent.Mo | SF |
---|---|---|---|
2+1 | 7 | - | - |
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PROPERTY TAXES
Parcel Number | 72-9-A23.01 | Improvements Assessment | £108,761 (2024) |
Land Assessment | £8,185 (2024) | Total Assessment | £116,947 (2024) |
PROPERTY TAXES
Parcel Number
72-9-A23.01
Land Assessment
£8,185 (2024)
Improvements Assessment
£108,761 (2024)
Total Assessment
£116,947 (2024)
zoning
Zoning Code | VC (Village Center) |
VC (Village Center) |
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1361 E Lizard Rd
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