725 Front StCatasauqua, PA 18032

Property Details for 725 Front St

Year built

1850

Lot size

0.13 AC

Property size (Sq ft)

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.

Location Insight

City

Catasauqua

County

Lehigh

State

Pennsylvania

Latitude

40.6554

Longitude

-75.4772

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