1. Pennsylvania
  2. Washington Twp
  3. 7108 PA Route 873
$725,000/mo

7108 PA Route 873, Washington Twp, PA 18080

  • 6,690 sqft
  • Property Icon Rental
  • Property Year Built Icon Built in 1954
  • Property Lot Size Icon2.39acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $108/sqft
  • Property List Date Icon Listed 2 months ago

Property 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.

Listing Status:
Active
Listing Office:
EXP Realty LLC : (888) 397-7352
MLS ID:
754963
  • A/C: Wall/Window Unit(s)
  • Heating: BaseboardElectricForced AirOil

This listing courtesy of EXP Realty LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

P

Peters Elementary School

4055 Friedens Rd, Slatington, PA, 18080

Grades KG-2

1.32 miles away

N

Northern Lehigh Middle School

600 Diamond St, Slatington, PA, 18080

Grades 7-8

2.00 miles away

N

Northern Lehigh High School

1 Bulldog Ln, Slatington, PA, 18080

Grades 9-12

2.04 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.