$75,000 Gross Income - $56,250 Net Profit - 12.22% Cap @ Asking (Projected). Clean, turnkey, ALL-BRICK, 4-UNIT, 8,000SF, mixed 3 res + 1 commercial storefront on a . 64 ACRE, corner intersection within highly desirable PARKLAND SD which demands high rents & constant tenancy. SEE AERIAL VIDEO. Completely fresh paint & newer roof with strong curb appeal, this ADA compliant building is a fortress with massive apartments on the second & third floors with high ceilings & plenty of sunlight, currently, a 4 unit, the largest unit can easily be converted into a 5th residential unit. The commercial space was previously the world famous Werley's Grocery Store & can be repurposed into a multitude of options, including additional units, pending zoning approval. The property also has a newly painted barn for storage & a nicely paved 14 car parking lot. Separate electric & value add if you change heat to baseboard for less than 15k. MUST SELL FAST.
Multi-familyProperty Type
1920Year Built
0.64 acresLot Size
$72Est. Price/Sq.Ft.
14 spacesParking
Listed by Tejas Gosai• CENTURY 21 Keim
Listed by Loren Keim• CENTURY 21 Keim Realtors
Bought with Teri Columbo• Morganelli Properties LLC
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
93 ft.
Lot depth
208 ft.
Lot size
—
Year renovated
—
Sq. Ft.
—
Year built
—
Style
Multi-Family (2-4 Unit)
County
Lehigh County
APN
547705283542001
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on May 5, 2019.
NC
Neighborhood Commercial District
The commercial districts are intended to provide sufficient area in appropriate locations for various forms and types of business uses and development, to satisfy the needs of modern business development by providing for off-street parking and loading and unloading areas, safe and efficient means of vehicle ingress and egress, and continuity and homogeneity of business development, to encourage the development of attractive, functional and economic forms of commercial and mixed-use buildings and developments under proper standards, to encourage the enhancement and beautification of commercial areas, and to minimize any negative impacts of commercial areas on adjoining residential areas. In the event that there is an existing single detached dwelling unit or two-unit dwelling in a commercial district, the expansion of said building or the establishment of accessory uses for said dwellings may be permitted provided the proposal is in compliance with the residential district it abuts or, if not abutting a residential district, the standards of an R-5 Residential District as a minimum
Permitted uses
Include but are not limited to:
Bank
Day care facility
General retail
Restaurant
Housing-Single unit
Bed & breakfast
Mixed use building
Office
Business park-Office
Medical office
Property details
Parking
Parking
Features: Paved, Parking Lot
# of Parking (Total): 14
Interior
Virtual Tour
Bathroom Information
# of Full Bathrooms: 4
Laundry Information
Features: Washer Hookup
Interior Features
Flooring: Hardwood
Multi Unit Information
# Of Units Total: 4
Multi Unit Financial Information
Maintenance Expense: $1,563
Operating Expense: $18,750
Water Sewer Expense: $1,667
Insurance Expense: $2,084
Unit Type 1
Unit Description: Large commercial space, can be anything.
Total Rent: $2,500
Actual Rent: $2,500
Unit Type 2
Unit Description: Absolutely Massive, enough space for ren
Total Rent: $1,000
Actual Rent: $1,000
Unit Type 3
Unit Description: Absolutely Massive, great space, perfect
Total Rent: $1,250
Actual Rent: $1,250
Unit Type 4
Unit Description: Absolutely Massive, can cut into 2 units
Total Rent: $1,500
Actual Rent: $1,500
Exterior
Building Information
Stories: 3
Stories (Total): 3
Construction Details: Brick, Frame
Exterior Features
Security Features: Fire Escape
Lot Information
Lot Size Area: 27,788
Lot Size Acres: 0.638
Lot Size Dimensions: 93 X 208 IRREG
Lot Size Source: Public Records
Zoning: Nc-Neighborhood Commercia
Financial
Assessments and Fees
Assessed Value: $370,500
Tax Information
Annual Tax Amount: $8,436.29
Utilities
Utility Information
Sewer: Septic Tank
Water Source: Public
Heating & Cooling
Has Cooling
Cooling: Central Air, Ceiling Fan(s), Wall Unit(s)
Has Heating
Heating: Oil
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (2-4 Unit)
Year Built: —
Year Renovated: —
County: Lehigh County
APN: 547705283542001
Home facts updated by county records on May 5, 2019
Around this home
Schools
K - 12
Preschool & daycare
Kernsville School
Public K-5 • Assigned • 1.3mi
9/10
Orefield Middle School
Public 6-8 • Assigned • 0.7mi
7/10
Parkland Senior High School
Public 9-12 • Assigned • 2.2mi
8/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Historical weather
Orefield, PA • 18069
Average low and high temperatures (°F)
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55
34
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64
44
53
37
38
24
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Sun exposure
In this area, properties receive around 9 hours in
June and 3.8 hours in December, placing it below the
U.S. average for solar exposure.
9 hrs
3.8 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$545,000 – $659,000
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