Welcome to an exceptional investment opportunity in the Borough of Catasauqua! This stately multi-unit property offers a mix of rooming units with shared baths and standard units, along with three additional garage rentals. Four of the units feature private kitchens and bathrooms. Some Ratio Utility Billing Systems (RUBS) have already been implemented, with significant potential to apply RUBS to the remaining units and utilities for additional revenue. A new roof, installed within the last two years, reduces major CapEx concerns. With gross rental income exceeding $65,000, this is an opportunity you donâ??t want to miss. Schedule your appointment today!
Now selling the building with the business. Seller will reopen the business. Both apartments can get $1850 a month rent. Apartments have private entranceways and are on 2 floors . The one that needed to be renovated will be 3 bedrooms One needs to be renovated, the other needs cosmetic upgrades. Get approval for more units and demo the restaurant. There is a 2 car garage you can rent for $400! After getting renovated you can refi as the building would be worth $700K! Refi and keep it! Seller is open to seller finance! Creative financing! This price gets the buyer the business and the building
Take advantage of this flexible real estate opportunity with this distinctive detached building, ideally situated in the vibrant community of Catasauqua. This property offers an exceptional blend of residential comfort and commercial potential, making it a standout choice for savvy investors and entrepreneurs. Unlock the potential of the first-floor commercial space, offering prime visibility and accessibility for your business needs. Whether you envision a bustling retail shop, a modern office, or a service-oriented venture, this unit provides the flexibility and exposure you need to succeed. The inviting second floor 2-bedroom, 1-bathroom residential unit is designed for comfort and ease. Enjoy a bright and spacious interior that welcomes natural light and provides a cozy atmosphere for daily living. Perfect for tenants seeking a charming and functional home in a desirable location.
Turn-key established and profitable Portfolio includes the business with inventory, a PA liquor License, separate Bistro with additional Retail Space & 2 rental units. Includes all furniture, fixtures, and inventory, along with a valuable PA "R" liquor license. With 30+ years of local presence, the pizzeria is a community staple with excellent visibility and high vehicle & foot traffic. The prime location is being sold along with a Bistro and its adjacent seating area that could be used for another retail space & 2 apartment rental units providing potential for increased income streams. Situated on the corner of busy Front & Pine Street, which currently averages 6000+ vehicles per day. Easily accessible from Routes 22 and 145, close proximity to LVIA, Lehigh Valley Mall, and Airport Center. Do not miss this lucrative chance to own a well-loved profitable eatery in the heart of Catasauqua.
The median home value in Catasauqua, PA is $227,700. This is lower than the county median home value of $284,100. The national median home value is $338,100. The average price of homes sold in Catasauqua, PA is $227,700. Approximately 65.65% of Catasauqua homes are owned, compared to 29.57% rented, while 4.79% are vacant. Catasauqua real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Catasauqua real estate agent to arrange a tour today!
Catasauqua, Pennsylvania 18032 has a population of 6,498. Catasauqua 18032 is less family-centric than the surrounding county with 24.79% of the households containing married families with children. The county average for households married with children is 29.75%.
The median household income in Catasauqua, Pennsylvania 18032 is $66,045. The median household income for the surrounding county is $69,440 compared to the national median of $69,021. The median age of people living in Catasauqua 18032 is 39.2 years.
The average high temperature in July is 85.4 degrees, with an average low temperature in January of 18.3 degrees. The average rainfall is approximately 46.4 inches per year, with 29.4 inches of snow per year.