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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
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 - -

PROPERTY TAXES

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)
  • Listing ID: 31876628

  • Date on Market: 21/05/2024

  • Last Updated:

  • Address: 1361 E Lizard Rd, Lehighton, PA 18235

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