| Great investment opportunity. |
For More Information, Call: Loren & Theresa Keim |
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Listing #304224 $995,000 |
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| Sq Ft: 11098 | Lot Sz: 102714 | |
| Area: Catasauqua-44 | Year Built: 2002 | |
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Great investment opportunity with better than 10% cap rate. Exceptional property overlooking the Lehigh River featuring 3 completely renovated buildings with triple net leases. Buildings 1 and 2 are a State of the art child care center for 155 children (leased to long term to a major child care provider) - 1) Frame 1-story- 8ft 2in. ceiling, 5,280 sq ft built 2002. Oil heat & central AC. 2) 2 Story Stone & Vinyl building. 2,928 sq ft Oil heat/central AC/frame structure (pair leased for 8+ more years at $7000 per month triple net w/predetermined increases. 3) Beautiful historic brick 2.5 story home (zoned to possibly be an office) with new windows, Oil heat, central A/C and much more. 4) Fenced Play World System playground Investors Confidentiality Form a MUST. Great return for an investor. Income is based on $7000 per month (Current) for Daycare Center, $1800 per month for home. Daycare pays property insurance and 80% of property taxes in addition to lease. Price $995,000 |
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