Remarks

Projected $7400 monthly rent Projected $88,800 yearly gross income Projected $63000 net income! projected 14% cap! Seller will lease back the restaurant for 1 year at $3500 a month. Both apartments can get $1850 a month rent. Apartments have private entranceways and are on 2 floors . The one that needed to be renovated will be 3 bedrooms One needs to be renovated, the other needs cosmetic upgrades. The restaurant is awesome with hand made bar and enough room to fit 75 guests. You have a whole year to get a new tenant in there--or if you are a restauranter take the money from the rent and do the renovations needed. There is a 2 car garage you can rent for $400! After getting renovated you can refi as the building would be worth $800K! Refi and keep it!

Details

MLS#: PALH2009796
Price: $488,000

Year Built: 1870

County: LEHIGH
Subdivision: None Available
Tax Fee: 9384.0