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Listed by Faith M Sarisky Realty Solutions of PA
$550,000
Est. payment /mo
5 Baths
3,528 Sqft Lot
Price Dropped by $25K
507 Delaware AVE Portland, PA 18351
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Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Municipality Upper Nazareth Township
MLS Listing ID PM-140888
Full Baths 4
Half Baths 1
HOA Y/N false
Year Built 1900
Annual Tax Amount $4,003
Lot Size 3,528 Sqft
Acres 0.08
Lot Dimensions 0.08
Property Sub-Type Multi Family
Source Pocono Mountains Association of REALTORS®
Property Description
Stunning turnkey investment property in Historic Portland. This beautifully maintained property offers breathtaking views of the Delaware River and walking bridge from Second fl. With all units currently rented, this income producing building features 5 units in total. 3 one bedroom apartments upstairs, a two bedroom unit on first floor and a commercial storefront occupied by a popular chocolate shop. All tenants are long-term well-established. Recent upgrades include new electrical panel boxes installed in the 3 second floor units new flooring in hall. new electric service at meter box sewer pipes in basement converted to PVC, Upgraded lighting in 2nd fl hallway, installed emergency lighting and illuminated exit signs, installed missing GFCI outlets, installed handrail on fron steps and guard rails on rear and besement steps, . Additional unit 2A was fully remodeled in 2022 and Unit 2C was remodeled as well. This property provided an excellent opportunity to add a lucrative asset to your portfolio with solid passive income and potential for growth. Property also has been approved for a facade improvement grant which may be transferred to new owner.
Location
State PA
County Northampton
Area 0.08
Exterior
View Y/N No
Others
Tax ID B11SE3C6-14
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS
Thomas Olsewski
Agent | License ID: PA# RS376466 and NJ# 2561002
+1(570) 526-2800 | tom@discoverpahomes.com