725 Front St Catasauqua, PA 18032
- Multifamily properties
- 2,897 SF
- 0.13 lot acres
Current Use by Public Records
- Multifamily properties
Property Details for 725 Front St
- Year built
- 1850
- Lot size
- 0.13 lot acres
- Property size
- 2,897 SF
- Property type
- Multifamily properties
Description
This exceptional investment opportunity presents a six-unit multi-family property situated at 725 Front Street, Catasauqua, Pennsylvania. Boasting a total of 2,897 square feet on a 0.13-acre lot, this property generates a substantial gross annual income of $96,000, resulting in a net income of $66,341. The building comprises two two-bedroom apartments and four one-bedroom apartments. Tenants are responsible for their own electricity and heating costs, minimizing operational expenses for the owner. A large on-site garage adds further value and utility. Conveniently located near Route 22 and just five minutes from downtown Allentown, the property benefits from easy access to public transportation and enjoys high demand for rental units. Currently, two units are undergoing renovations, yet a waiting list of prospective tenants underscores the strong rental market. The property's strategic location and solid financial performance make it an attractive investment prospect. Note that the two parcels comprising this property could be sold separately. This is a prime opportunity to acquire a profitable rental property in a desirable location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Catasauqua
- County
- Lehigh
- State
- Pennsylvania
- Longitude
- -75.4772
- Latitude
- 40.6554
