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Added 2 months ago

$709,000

7108 Pa Route 873, Slatington, PA

Condo

For Sale

Listed price in listed location currency (USD).
$709,000

Added 2 months ago

006690 sqft8
  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Residential Income
Size 6690 sqft
Garage Yes
HOA Fees $4,938
Taxes $9,130
Days Active 61
Approx. Age 1954
Avg. Price Per Sqft $105
MLS® Number 754963

Property Address: 7108 Pa Route 873, Slatington, Pennsylvania

Average square foot calculated using Size range provided by listing agent.

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. Owner is a licensed Realtor.
MLS® Number754963
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageYes
Approx. Age1954
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatBaseboard, Electric, Forced Air, Oil
A/CWall Window Units
Heating Fuel

Extras

7108 Pa Route 873, Slatington, PA

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