29 2Nd StCatasauqua, PA 18032
10-Unit Apartment Building, High ROI
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 113
Highlights
- 10-unit apartment building in Catasauqua, PA, offering significant value-add potential.
- 3,500 sq ft building on a 4,530 sq ft lot, zoned R2 - MDR.
- Currently generates over $65,000 gross annual income and $39,406 NOI, with a 7.37% cap rate.
- Pro-forma cap rate of 8.80% and pro-forma NOI of $47,085.
- Features a mix of unit types, including four units with private kitchens and baths, and three additional garage spaces.
- New roof installed within the last two years.
Property Details for 29 2Nd St
- Property type
- Apartment buildings
- Square Feet
- 3,500 SF
- Class
- B
- Year Built
- 1870
- Buildings
- 2
- Stories
- 3
- Units
- 10
Location Insight
- City
- Catasauqua
- County
- Lehigh
- State
- Pennsylvania
- Latitude
- 40.650447519138
- Longitude
- -75.468026162135
Nearby Comparable
Nearby Similar for Sale
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