7108 Pa Route 873 Washington Twp, PA 18080
Listing Courtesy of: LEHIGH VALLEY ASSOCIATION OF REALTORS / eXp Realty LLC

  7108 Pa Route 873 Washington Twp, PA 18080

Active (1 Days)
$750,000

Description

Investors, take notice—7108 PA Route 873 in Slatington is a rare opportunity to acquire a fully occupied, 7-unit mixed-use property that delivers consistent performance and outstanding value-add potential. This income-generating asset features five well-maintained apartments (four 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit), a detached 2-bedroom, 1-bath ranch home, as well as a 1,200 square foot workshop/storage building, and two garages that provide additional rental income streams. Tenants cover electric, and trash, while the landlord is responsible for water/sewer, heat, lawn care, and house electric meter. The property has been fully occupied for the past three years, reflecting its strong tenant appeal and operational stability. With an actual net operating income (NOI) of $62K and a pro forma NOI of $72,000, this property offers immediate cash flow with room for increased returns through strategic upgrades and rent adjustments. Offered at an actual 8.3% cap rate, and a proforma 9.6% cap rate. Whether you're expanding your portfolio or seeking your next high-performing asset, this property checks all the boxes for stability, upside, and long-term investment success.

MLS #:
754963
Lot Size
2.39 acres
Type
Multifamily
Year Built
1954
School District
Northern Lehigh
County
Lehigh County

Listed By

Michael Crocefoglia, eXp Realty LLC
Source
LEHIGH VALLEY ASSOCIATION OF REALTORS
Last checked Apr 3 2025 at 9:43 PM GMT+0000
Bathroom Details
Subdivision
  • Not In Development
Heating and Cooling
  • 3594
  • Window Acs
Utility Information
  • Sewer: Well, Septic
Garage
  • Parking Lot
  • Attached
Living Area
  • 6,690 sqft
Location
   
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