346 Delaware Avenue Palmerton Borough 18071 - MLS #

346 Delaware Avenue
Palmerton Borough, PA 18071
$750,000.00
16 bedroom(s)
10 bathroom(s)
10800 square feet
0.300 acre(s)
One of a Kind Business Opportunity located in downtown Palmerton! Entire building was renovated during the sellers ownership! Main floor (3,600 sq. ft) is currently rented as full fitness gym, 2) stand up tanning locations, ladies & mens bath/locker rooms, back room or storage area. 2nd & 3rd floors (3,600 sq. ft. each) includes (8) 2 bedroom, 1 bath apartments, fully rented. Each apartment rents for $675/mo includes hot water & garbage. (Electric heat in each unit, tenants responsibility) Unfinished full basement, with outside access, perfect for storage and/or can provide for whatever your needs. The furnace was converted to gas for economical usage, roof installed 2002. Off street parking available for up to 12 vehicles, plus the side of the building has permitted use for outside vendor usage! Perfect location and with the apartment rentals ideal for any medical, office, professional business. 24% CAP RATE!! CALL TODAY!!
TotalUnits: 
9
TotalRooms: 
Bedrooms: 
16
TotalBedrooms: 
0
TotalBathrooms: 
0
SquareFootage: 
10800
Acres: 
0.30
County: 
Carbon
Area: 
Palmerton
Construction: 
Brick
YearBuilt: 
1903
Stories: 
3.0
Heat: 
0
Cooling: 
Central AC
HeatType: 
Gas
LotDimensions: 
70' x 190'
Parking: 
Paved Lot
ParkingSpaces: 
12
ZoningCode: 
Commercial
UseCode: 
0
SchoolDistrict: 
Palmerton
TotalTaxes: 
11327.40
GrossIncome: 
64800
NetIncome: 
11197.00
ListingOfficeName: 
RE/MAX Diamond 1st
ListingAgentFullName: 
Cass Chies
ListingOfficeMLSID: 
D1R1
PossibleFinancing: 
Cash,Conventional
PropertyType: 
Investment Property
Efficiencies: 
Electric: 
0
Gas: 
0
Sewer: 
Public
Water: 
Public
VirtualTourURL: 
http://346delaware.eproptour.com
Features: 
OtherExpenses: 
0
SpecialConditions: 
Not Applicable
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