Kossuth Street, Freemansburg Borough PA 18017 Photo 1

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Kossuth Street - Great investment opportunity for new construction of a 2 unit apartment building! Positive cash flow upon completion. Gross rental income estimated at $28,800, with a 10.5% cap rate, estimated Net income, less debt service, is $19,000 annually! Or build 2, live in 1, and let the rent from the other cover your mortgage. Seller can build to suit a low maintenance home or use your own builder to finish. Improved level lot with sidewalks, curbing, landscaping, parking pad, electric, water, sewer. Ready to build now. Seller has site plans and building designs are available. Zoning approved for up to a 26x60 foot print. Close to school, playground, Casino, shopping. Quiet neighborhood. Under construction now. Schedule appt before showing.

Listing information

  • MLS® ID: 549556
  • Status: Active
  • Foreclosure: No
  • Estimated Annual Taxes: $578
  • Subdivision: Not in Development
  • Style: Multi-Family
  • Stories: 0
  • Lot Area: 0.11
  • County: Northampton
  • Year Built: 2017
  • New Construction: Yes
  • Lot Size: 40x120 Corner lot
  • School District: Bethlehem

Features

Area Freemansburg
Construction Frame, Shingle, Vinyl
Cooling Central Ac, No Air
Other Electric - 0, Gas - 0, Gross Income - 28800, Heat - 0, Net Income - 19848, Operating Expense - 7800, Other Expenses - 1100, Water/Sewer - 0, Zoning Code - R
Parking Paved Lot
Property Category Apartment Style, Row Townhouse
Sewer Public
Special Sale Conditions Not Applicable
Water Public
Listing Courtesy of Boutique One Properties Llc