NOT LISTED FOR SALE

605 Front St Catasauqua, PA 18032

5 Beds
3 Baths
2,464 Sq Ft
3,720 Sq Ft Lot

Last Sold April 09, 2024

Last sale price $428,000 $174 Per Sq Ft

23 Days on Market

About This Home

As of April 2024

TURN-KEY 3-Unit Investment Opportunity in Catasauqua! Excellent condition & ready to lease, this building has been fully renovated over the past 2 years and ready to collect market rents. TWO 1-bedroom units & ONE 3-bedroom unit, updated 4 100-amp electric services (w/ LL meter), separate on-site laundry room ready to install coin-op laundry equipment to offset w/s expenses. 1st floor rear & entire 2nd floor 3-bed unit have been completely gutted & renovated w/ all new services, brand new kitchens & baths w/ granite & quartz counters, new baths w/ tiled surrounds, brand new everything! 3 bed unit features new mini-split HVAC system. Additional features include wall-mounted natural gas heating system for basement/laundry area, off-street parking in rear, LL storage in basement, vinyl replacement windows, and so much more. You will struggle to find another multi-unit this clean, ready to offer years of uninterrupted cash-flow. Don't miss out, schedule your showings today!

Last Agent to Sell the Property

Jesse Chupella

Home Team Real Estate Listed on: 02/11/2024

Last Buyer's Agent

Florangel Soto

HomeStarr Realty

HomeStarr Realty

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $6,615

Year Built

  • Built in 1924

Lot Details

  • 3,720 Sq Ft Lot

Parking

  • 2 Parking Spaces

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2,464 Sq Ft Home
  • 2-Story Property

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Gas
  • Baseboard Heating
  • Hot Water Heating System

Listing and Financial Details

  • Assessor Parcel Number 549899446405001

Community Details

Overview

  • 3 Units

Building Details

  • Electric Expense $400
  • Insurance Expense $1,500
  • Trash Expense $1,200
  • Water Sewer Expense $1,800
  • Operating Expense $12,115
  • Gross Income $49,200
  • Net Operating Income $37,085

Property Details

Home Type

Apartment

Est. Annual Taxes

$6,615

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Apartment Style
  • County Assessment: 167100.00
  • Stories: 2.0
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1924
  • Adult Comm55 Over Y N: No
  • Special Features: None

Interior Features

  • Square Footage: 2464

Exterior Features

  • Construction: Brick

Garage/Parking

  • Parking Spaces: 2

Utilities

  • Cooling: Wall AC
  • Heat Type: Baseboard, Electric, Gas, Hot Water
  • Sewer: Public
  • Water: Public
  • Electric: 400
  • Gas: 600
  • Insurance: 1500
  • Trash Removal: 1200
  • Water Sewer: 1800

Fee Information

  • Operating Expense: 12115

Schools

  • School District: Catasauqua

Lot Info

  • Acres: 0.085
  • Lot Sq Ft: 3720
  • Zoning Code: DC-DOWNTOWN COMMERCIAL

Tax Info

  • Assessor Parcel Number: 549899446405001
  • County Taxes: 631.64
  • Municipal Taxes: 2514.86
  • Total Taxes: 6614.66

Multi Family

  • School Taxes: 3468.16
  • Total Units: 3
  • Total Unit Count: 3

MLS Schools

  • School District: Catasauqua

Range of Values:

Collateral Analytics

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/09/2024 04/09/24 Sold $428,000 +0.7% $174 / Sq Ft
03/05/2024 03/05/24 Pending -- -- --
02/11/2024 02/11/24 For Sale $425,000 -- $172 / Sq Ft
Source: Greater Lehigh Valley REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 732887

Greater Lehigh Valley REALTORS®

APN: 549899446405-1