382-416 Long Run Road, Lehighton, PA 18342
$760,000
Property Type:
Commercial Sale
Square Footage:
1,100
Lot Size (sq. ft.):
383,764
Status:
Closed
Current Price:
$760,000
List Date:
9/14/2021
Last Modified:
2/28/2025
Description
PROPERTY UNDER CONTRACT,back up offers only accepted.
Amazing income property with 15 32x28 (approx.) rentals fully updated with 5/ 3 bedroom and 10 /4 bedroom dwellings each has security deposit and last/mid month rent up front. 2 wells, with new pump 2 yrs old in pump house . $12,250 per month income with 1 sec 8 tenant. Tenants pay garbage collection plus rent. Each home has own septic,( 3 new 2 yrs old). Heat paid by tenant with 1 oil furnace, rest have coal/wood furnace with back-up electric baseboard heat.
Gross rent $147,000, Expenses $41,000, Net Operating Expenses $106,000. (net cash flow)
9Net cash flow
More Information MLS# PM-91417
Contract Information
Listing Service: Full Service
Lease Considered YN: No
Property Sub Type: Business
Sold Price: $760,000
Current Price: $760,000
Status: Closed
Listing Contract Date: 2021-09-14
Location, Tax, and Legal
Parcel Number: 70D-11-12.02
Municipality: Franklin Township
High School District: Lehighton Area
Cnty&Muni Taxes (Legacy): 3388.44
School Tax Amount: 9494.84
Tax Annual Amount: 13827.14
Tax Assessed Value: 198305
Tax Book Number: 530/845
Zoning Description: Other
General Property Information
Above Grade Finished Area: 1100
Below Grade Finished Area: 0
Building Area Source: Estimated
Stories: 1
Number Of Buildings: 16
SqFt. Below Grade (Legacy): 250
Year Built Source: Estimated
Leasable Area: 0
Business Name: Matco Construction Inc.
Lot Size Acres: 8.81
Lot Size Dimensions: 8.81 acres
List Price/SqFt: 909.09
Sold Price/SqFt: 690.91
Building Area Total: 1100
Year Built: 1966
Remarks and Miscellaneous
Public Historical Remarks: Road Type: Twp-rd, Warranty: None, Special Financing: None, Level: Multi, Lease Includes: Cooking Facility, Ceiling: 0-9FT, Location: Inside, Miscellaneous: Zoning Code residential
Public Remarks: PROPERTY UNDER CONTRACT,back up offers only accepted.
Amazing income property with 15 32x28 (approx.) rentals fully updated with 5/ 3 bedroom and 10 /4 bedroom dwellings each has security deposit and last/mid month rent up front. 2 wells, with new pump 2 yrs old in pump house . $12,250 per month income with 1 sec 8 tenant. Tenants pay garbage collection plus rent. Each home has own septic,( 3 new 2 yrs old). Heat paid by tenant with 1 oil furnace, rest have coal/wood furnace with back-up electric baseboard heat.
Gross rent $147,000, Expenses $41,000, Net Operating Expenses $106,000. (net cash flow)
9Net cash flow
Unit Details
Number Of Units Leased: 15
Business Type
Camp Ground: 1
Income and Expenses
Cap Rate: 10
Listing Terms
Cash: 1
Conventional: 1
Existing Lease Type
Net: 1
Lease Term Options
Renewal Option: 1
Owner Pays
Water: 1
Sewer: 1
Taxes: 1
Common Area Maintenance: 1
Parking Fee: 1
Snow Removal: 1
Possession
Close Of Escrow: 1
Negotiable: 1
Current Use
Commercial: 1
Possible Use
Residential: 1
Multi-Family: 1
Building Features
Office SqFt: 0
Ceiling Height: 9
Number of Levels: 2
Other: 1
Rail Road Track
None: 1
Construction Materials
Frame: 1
Roof
Other: 1
Electric
200 or Less Amp Service: 1
Cooling
None: 1
Heating
Coal: 1
Electric: 1
Oil: 1
Water Source
Well: 1
Sewer
Septic Tank: 1
Parking Features
On Site: 1
Lot Features
Near Public Transit: 1
Corner Lot: 1
Road Frontage Type
Road Frontage Length: 250
See Remarks: 1
Road Surface Type
Paved: 1
Road Responsibility
Private Maintained Road: 1
Location Tax and Legal
County: Carbon
Street Number: 382-416
Street Name: Long Run
Street Suffix: Road
City (Post Office): Lehighton
State: PA
Postal Code: 18342
Subdivision Name: None
Status Change Information
Purchase Contract Date: 2022-01-06
Close Date: 2022-03-11
Close Price: 760000
Property Features
Listing Terms: Cash; Conventional
Existing Lease Type: Net
Lease Term Options: Renewal Option
Owner Pays: Water; Sewer; Taxes; Common Area Maintenance; Parking Fee; Snow Removal
Possession: Close Of Escrow; Negotiable
Current Use: Commercial
Possible Use: Residential; Multi-Family
Business Type: Camp Ground
Building Features: Other
Rail Road Track: None
Construction Materials: Frame
Roof: Other
Electric: 200 or Less Amp Service
Cooling: None
Heating: Coal; Electric; Oil
Water Source: Well
Sewer: Septic Tank
Parking Features: On Site
Lot Features: Near Public Transit; Corner Lot
Road Frontage Type: See Remarks
Road Surface Type: Paved
Road Responsibility: Private Maintained Road
Listing Office:
WEICHERT Realtors Acclaim - Tannersville
Last Updated: February - 28 - 2025
Information deemed reliable but not guaranteed.
