662 Main ST, Slatington Boro, PA 18080
662 Main ST, Slatington Boro, PA 18080
662 Main ST, Slatington Boro, PA 18080
662 Main ST, Slatington Boro, PA 18080
662 Main ST, Slatington Boro, PA 18080
662 Main ST, Slatington Boro, PA 18080
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Ashley Carrigan

Ashley Carrigan

+1(610) 216-8557
$ 650,000
Est. payment | /mo

6 Beds

4 Baths

5,614 SqFt

Save
$ 650,000
Est. payment | /mo
Save

6 Beds

4 Baths

5,614 SqFt

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 5,614 sqft

Price per Sqft $115

Subdivision Not In Development

MLS Listing ID 776402

Bedrooms 6

Full Baths 4

Construction Status Unknown

HOA Y/N No

Year Built 1900

Annual Tax Amount $7,208

Lot Size 2,657 Sqft

Acres 0.061

Property Sub-Type Apartment

Property Description

Turnkey 4-unit investment opportunity generating strong cash flow in a prime downtown location. This well-maintained property produces $78,600 in gross annual income with an impressive net income of $63,542, delivering a 9.77% cap rate. The building has been extensively updated, featuring a newer roof, modernized kitchens and bathrooms, and durable LVP flooring throughout most of the building. Over $70,000 in improvements have been invested into the thriving daycare tenant occupying the first floor, adding long-term stability to the income stream. Additional highlights include off-street parking, with ample free public parking nearby for tenants and visitors. Ideally situated within walking distance to restaurants, shops, and everyday conveniences, this property benefits from strong rental demand. Value-add potential remains with opportunities to introduce on-site laundry, create additional storage income, and possibly expand existing units to further increase returns. A solid, income-producing asset ready to enhance any investment portfolio.

Location

State PA

County Lehigh

Area Slatington

Direction 873 north to Main St

Interior

Heating Baseboard, Electric

Cooling None

Fireplace No

Exterior

Parking Features Off Street, On Street

Water Access Desc Public

Total Parking Spaces 4

Building

Story 3

Sewer Public Sewer

Water Public

Construction Status Unknown

Schools

School District Northern Lehigh

Others

Senior Community No

Tax ID 556203543664 1

Special Listing Condition None

Listed by RE/MAX Real Estate

Nearby Locations

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Ashley Carrigan

+1(610) 216-8557

ashleycarriganrealtor@gmail.com

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662 Main ST