USAPASlatingtonNot in Development105 2Nd St

105 2Nd St, Slatington, PA

Name: 105 2Nd St, For Sale in Slatington - Zoocasa
Brand: EXP Realty LLC
SKU: 786694
Price: 1040000 USD

Condo

For Sale

Listed price in listed location currency (USD).

$1,040,000

1677

MLS® 786694

Overview

Key Facts

Type Apartment

Levels Residential Income

Size 5893 sqft

Garage Yes

Maintenance Fees

Taxes $11,414

Days Active 1

Approx. Age 1884

Avg. Price Per Sqft $176

MLS® Number 786694

Property Address: 105 2nd St, Slatington, PA, 18080-1809

Average square foot calculated using Size range provided by listing agent.

Description

Fully occupied 7-unit apartment building currently generating $123, 660 in annual gross income and $93, 882 in annual net income. The property features a strong unit mix of four 3-bedroom apartments, one 2-bedroom apartment, and two 1-bedroom apartments, offering spacious layouts that support consistent rental demand. The seller has invested over $200, 000 in capital improvements since purchase, including major upgrades to the building's plumbing, electrical, roofing, and interiors. In 2022, cast-iron sewer lines were replaced with PVC, and most water lines were upgraded to PEX. The property was also converted to all-electric service, with seven new electric hot water heaters installed. Additional improvements include updates to the roof, siding, and interior renovations to several apartments with newer appliances added. The property also features a second-floor laundry room with a new coin-operated washer and dryer, providing additional income beyond apartment rents. Operating expenses are low for a building of this size. Tenants pay their own electric and heat, while landlord expenses are limited to taxes, insurance, water, and sewer. This helps keep operating costs manageable and supports strong cash flow. Located in Slatington, Lehigh County, the property offers a great balance of small-town living and easy access to the Lehigh Valley. Tenants enjoy nearby outdoor attractions, including the Lehigh River, Lehigh Gap, and D&L Trail, while Route 145 provides convenient access to major employers, hospitals, shopping, and other amenities throughout the region. With full occupancy, over $200, 000 in major improvements, spacious units, additional laundry income, and low operating expenses, this property is an excellent opportunity for investors looking for strong cash flow, reduced near-term capital needs, and long-term investment potential in the Lehigh Valley.

MLS® Number786694

Locker

Ensuite Laundry

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageYes

Approx. Age1884

Stories3

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

HeatBaseboard, Electric

A/CWall Window Units

Extras

Map

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