Please join us for our second event in our new monthly series. Bring your friends and family for a night of networking and learning. Food and beverages will be served.
5:00- 5:30 - NETWORKING - DRINKS & FOOD WILL BE SERVED
5:30 - 6:30 - THREE SEMINARS
First Time Home Buyer Seminar - Taught by Bashir Kadi, Nicholas Musselman, Selena Beltran, Jacqui Gordon, and Kalief Robinson.
First Time Investor Seminar - Taught by James Reardon, Sarah Clinker, John Solotwa, AdekuNle Popoola, Nick Cruz , and Matt Koff.
Advanced Commercial Seminar - Taught by Tejas Gosai, Matt Loebsack ,First Keystone Community Bank, and Kris Spevak.
6:30 - 7:00 - SPECIAL GUEST SPEAKER TOP AGENT DALE KESSLER AND TEJAS GOSAI WILL SHARE MARKET TRENDS, PREDICTIONS AND MAJOR ANNOUNCEMENTS.
7:00 - 8:00 - NETWORKING & HAPPY HOUR WITH PRIVATE BARTENDERS, BEER AND WINE SERVED WITH FOOD. SPONSORED BY THOMAS PASSANTE WITH THE INDEPENDENCE PLANNING GROUP.
Make sure you get your tickets soon because we will need to limit this event to 50 people. Click here to get your tickets.
Walgreens Plus 11 Fully Occupied Commercial Units - Full City Block
Gross $296k Asking Price $4.5mm. Walgreens for sale plus 11 tenant-occupied units in the back lot of the property. Walgreens has a $100k triple net lease in place. The other 11 commercial units are all occupied but the leases should be increased to current market value. 600 ft of premier frontage on the heavily trafficked main artery between Bethlehem & Allentown. Pharmacy drive-through in the back of Walgreens makes for convenient access to the general public. Located in Allentown across the street from a planet fitness makes this a great investment property.
3 Unit Fully Occupied Orthopedic Center plus Residential Package
Gross $116,400, Net $97,776 Almost 8% Cap Rate at $1.27mm Asking Price. Completely rebuilt in 2008, the property is currently used as an Orthopedic Center on both the upper and lower levels. The building includes a full commercial elevator. The first level features a large gathering area of more than 3000 square feet of open space with new flooring The upper level includes a full-size basketball court and word-class gym, offices and bathrooms.
30+ ACRE HOTEL/RESTAURANT/EVENT INVESTMENT OPPORTUNITY
600 Flagstaff, Lehighton
$2mm Asking Price 30+ ACRE HOTEL/RESTAURANT/EVENT INVESTMENT OPPORTUNITY located at “the top of the world,” Flagstaff Event Center, one of the highest destination points in PA with majestic 50-mile, 360 Panoramic views overlooking Jim Thorpe with a rich history including entertainers like Tommy Dorsey & Frank Sinatra. See aerial video & virtual tour. Offering includes “Gallo’s Pub,” 9,000SF+ event center with ballroom, wrap-around balcony, full-service industrial kitchen, intricate courtyard & large parking. A recent developer commissioned approved plans for a 70-room Hotel Development with Ariel tram/gondola system to/from the town of Jim Thorpe, Ferris wheel & event destination. The entire redevelopment of Flagstaff cost ran around 13MM & would generate millions of visitors through the tourism board, state & local community support, not to mention become one of the only aerial trams of its kind in northeast America. This facility can return to its original use or redesign for additional revenue.
4 Unit - Fully Occupied - Wilson
Gross $42k, Net $36k, Cap Rate 9.6% Cap Rate at $375k Asking Price. 4 Unit building, Very well maintained. Very clean. Fully rented, some long term tenants. Remodeled baths and kitchens. Tenants pay gas and electric. All units have individual entrances. 1st Floor rear unit has a covered porch. 2nd Floor has a covered porch. 3rd floor has a Roof Top Patio. Excellent City views!. Convenient bus stop at the corner.
10 Units - Fully Occupied, Completly Renovated
Gross $102,300 Net $78,804 with a 9.8% Cap Rate at $800k Asking Price
809 N 6th St Allentown, 18102
Over 2000 square feet in this 5 bedroom/1 bath brick townhouse on a wide street in the heart of Allentown. The property includes a fenced yard and a detached one-car garage. Occupied. Tenant pays all utilities, including water and sewer. Gross annual income of $14,400. Annual expenses $3,276. NOI $11,124.
1016 Spring Garden St Allentown, 18102
3 bedroom/1 bath townhouse with private yard and full basement within walking distance to Fountain Park and Hamilton Blvd. in Allentown. Occupied. Tenant pays all utilities, including water and sewer. Gross annual income $11,400. Annual expenses $2,752. NOI $8,647.
750 N 11th St Allentown, 18102
4 bedroom/1 bath brick townhouse close to west side amenities. The property includes a detached one-car garage and a sizable covered front porch. Occupied. Tenant pays all utilities, including water and sewer. Gross annual income $13,800. Annual expenses $3,574. NOI $10,226.
821 W Cedar St. Allentown, 18102
4 bedroom/1.5 bath Allentown townhouse with full basement and covered front porch. The property includes a fenced yard and a detached one-car garage. Occupied. Tenant pays all utilities, including water and sewer. Gross annual income $13,200. Annual expenses $3,025. NOI $10,175.
201 S Madison St. Allentown, 18102 -- 2 UNIT
Fully occupied end of row brick 2-Unit with large walk-out basement for storage in Allentown. Unit One: 1 bedroom/1 bath @$775/mo. Unit Two: 3 bedroom/1.5 bath @$950/mo. Tenants pay all utilities, except water and sewer. Each unit has its own high-efficiency gas boiler and separate electric meter. Gross annual income $20,700. Annual expenses $5,300. NOI $15,400.
742 N 6th St Allentown, 18102 -- 3 UNIT + GARAGE RENTAL
Fully occupied brick Allentown 3 Unit with rented garage. Two 1 bedroom/1bath units, One efficiency/1bath unit plus cash-flowing garage currently rented @ $850, $800, $650 and $100 monthly respectively for Gross Annual Income $28,800. Annual expenses $5,568. NOI $23,232. Tenants pay all utilities, except water and sewer.
Allentown Single Family Portfolio
OPEN HOUSE CARAVAN SUNDAY, FEBRUARY 9TH 3:30 - 5:00
434 N Penn, Allentown, PA
444 N Church, Allentown, PA
Allentown Single Family Portfolio
$28,500, Net $21,060, 13% Cap Rate at $165k Asking Price. These 3 single-family homes are fully occupied and cash flowing. Visit Jacqui Gordon at the Open House Caravan this Sunday, February 9th, PLEASE DO NOT ENTER OR DISTURB TENANTS WITHOUT JACQUI. Meet at 434 N Penn St, 2nd location 536 Park, 3rd location 444 N Church. at 3:30 we will be entering the first location and then caravaning to all of the locations spending 30 min at each location.
OPEN HOUSE CARAVAN SUNDAY, FEBRUARY 9TH 3:30 - 5:00
30 Unit Brand New Construction
$535,680 Gross, $465,900 Net, 7.16% Cap Rate at $6.5mm Asking Price. These numbers are based on full occupancy and include $5k for management and $5k for maintenance. 18 two-bedroom (1 handicapped), 18 one-bedroom (1 handicapped). 50% Occupied. Tenants pay all utilities including sewer and water.
Palmerton Bar and Restaurant
$715K GROSS, $163K NET, 16.3% CAP @ 1MM asking. Cash-flowing, turn-key, restaurant/bar plus single-family rental with scenic stream and plenty of parking in front/rear. This offering includes a $60K liquor license, two real estate parcels, the business enterprise, & all FF&E. With almost 2K confirmed Penndot daily traffic count and located at a 4-way traffic intersection, the buyer will inherit a successful hands-on/profitable ownership forged over a 15-year history. All efficient infrastructures in place including nitrous taps, updated POS, fully integrated tv and sound system, personalized tv's in booths, custom tongue and groove woodwork throughout & brand new outdoor sports/music bar and deck. The restaurant is profitable, inclusive of paying rents & wages to ownership. Financials are available & the business shows strong cash flow to cover the asking price debt service making this venture very bankable. Blue MNTN Ski Resort is 7 miles away - 300k/yr. Includes house next door.ome.
Click for 360 Tour: https://360mediapro.vr-360-tour.com/e/LDYBbigWCsg/e?hide_nadir=true&hidelive=true
Click for Video: https://www.youtube.com/watch?v=sX3KIgDvGRM
1 Unit Bethlehem
$15,600 Gross, $11,857 NET, 9.12% CAP @ $130k Asking Price. Recent Bank Appraisal for $130k Completely REMODELED 3 BR, 1.5 BA home/investment property. An open concept w/ great flow on the main level. Fresh paint, low maintenance ceramic tiled flooring, modernized kitchen. New weather-grade windows, brand new carpet 2nd & 3rd FL. 1st FL welcomes you with a large LR & high ceilings connected to the chef's kitchen featuring all-white custom cabinetry, beautiful fixtures, subway tile b/s, quartz countertops & brand new WHIRLPOOL SS appliance suite. 1st FL also has convenient renovated half bath & access to an easily maintained backyard oasis & 2-tier deck for essential family/friend gathering. The 2nd/3rd floors were fleshly carpeted containing 3 Bedrooms. A LARGE renovated full bath on 2nd FL. Private rear parking for 3 cars. NEWER CENTRAL A/C & HEATING SYSTEM. Close to major routes, colleges, St Luke's, Wind Creek Casino & tons of the Lehigh Valleys favorite hot spots. COMES W/ CLEAR CO & sold "AS IS."
NEW Whitehall 7 Units Class A Property, No Value Add, Absolutely Best In Class
2102 S Lehigh
7 Units, Fully Occupied, $82,620 Gross, $69,908 Net with a 9.64% Cap Rate at $725,00 Asking Price. The property consists of 2- two-bedroom and 5- one-bedroom apartments. There are two sides of a twin and a converted 3 story home, which feature highly efficient gas central air/heat. All tenants pay their own utilities. The property has been fully renovated and is fully occupied. The units include new kitchens and bathrooms, upgraded plumbing, new water heaters, new flooring, upgraded walls for better insulation & moisture resistance, newer roof, the entire building was re-pointed, new landscaping which included removal of large trees to ensure the safety of the property and tenants. 60% of the tenants are long term and there is a potential to increase the rents. There has never been an issue with vacancies due to the location of the property it draws a huge amount of interest.
All full-price offers will be protected with a 6-month warranty on plumbing, electric or any apartment related repair. The seller is will to stay on and continue to maintain the property at a discounted rate to ensure a smooth transfer for an absentee investor. The seller currently has one of the tenants maintaining the property in regards to the lawn & snow removal, this is a highly efficient way to handle this and the tenant is willing to continue doing this as he is getting a reduction on his rent.
ABE Single Family Portfolio
$150,816 Gross, $116,128 Net 10% Cap Rate at $1,145,760 Asking Price. All properties are fully occupied and have been fully renovated.
Affordable and charming 1800 sq ft townhouse in a desirable newer community within South Allentown, close to I-78 & conveniently located to all amenities (shopping & restaurants). This home boasts four spacious bedrooms with 2.5 bathrooms, finished lower level with a good size basement, large backyard with a patio area and a single car attached garage. This home is move-in ready with a modern kitchen and bathrooms, new laminate flooring and it's been freshly painted plus it offers central ac. Currently rented at $1,600 per month.
This beautifully renovated semi-detached twin located in West Bethlehem is exactly what buyers are looking for. An updated kitchen with all new laminate flooring on the first floor, wall-to-wall carpet throughout the second and third floor (the third floor can be used a den, office or storage), modern full large bathroom, LED lighting, gas efficient heating, one car detached garage with a remote door opener, plenty of backyard space ... Location! Location! Location! Along with close proximity to RT-378, it's walking distance to Downtown Main St to all the shopping and to many of the top restaurants in the Lehigh Valley. This home will sell fast, schedule your showing today! And YES the BIG screen TV will be included in the sale of the property along with the sofas and rug. Currently rented at $1,100 per month
Wow, Check Out This Bonus! A 65" Wall Mounted 4K HDR Flat Screen TV with Roku, 2 New Recliners, an Area Rug & a Dining Set with an Acceptable Offer! You Don't Want to Miss this Very Nicely Renovated (4) Bedroom Twin in Wilson with a (1) Car Detached Garage that is Freshly Painted & a New Door & Opener. Freshly Painted & All New Flooring with Attractive Wood-Look Laminate Flooring on the 1st & 3rd Floors & All New Carpeting on the 2nd Floor. New Kitchen with a Granite Countertop & a Sharp Designer Range Hood, Tile Backsplash, Refrigerator & Stainless Steel Smooth Top Range & Dishwasher. Nice Front Porch & 1st Floor Enclosed Sunroom. Natural Woodwork & Doors. Clean Full Basement with a Powder Room & an Outside Entrance. Walking Distance to the Wilson Area High & Elementary Schools, Meuser Park & the Community Pool. New Garage Door & Opener. Washer & Dryer Included & Remain As-Is. Low Taxes of Just $3,321/Year. Available Immediately & a Clear Certificate of Occupancy! Sorry, No FHA Loans. Currently Rented at $1,250 per month.
Fully renovated three-bedroom ranch in the desirable Palmer Twp area! As soon as you walk into the home you will enter into the family/living room with a fireplace then you will be greeted into the dining/kitchen area that's been updated with new LED recessed lighting throughout plus newer appliances. Off of the kitchen is a huge deep two-plus car garage and off of the dining room is a screened porch/enclosed patio with new windows. The three bedrooms are an all good size with ample closet space and don't forget the huge finished basement with a half bath, laundry room with brand new washer/dryer plus a work area along with a large cedar closet. There's plenty of backyard space for entertaining and the long paved driveway will allow enough parking for a number of guests to park their cars. Schedule your showing today and don't let this one get away - it's priced to sell! Currently rented at $1,250 per month.
Large Rooms, Fenced In Yard W/Parking For 2 Cars In Rear. Electric Updated New Ceiling Fans, Paneled Walls. Warranty Included. Currently rented at $1,300 per month.
Totally renovated half of a duplex in the heart of Wind Gap! The home offers all new flooring (laminate and wall-to-wall carpeting), LED energy-efficient lighting throughout the house, an updated huge eat-in kitchen with tile backsplash & granite countertops + new appliances, a modern full bathroom, three good size bedrooms with all new carpeting, a large basement for storage and a great yard for entertainment. Location is key and this property is near the highway for easy commuting and doesn't forget the low taxes! Items in the house will be included in the sale of the property (TV, rug, dining set, and sofa). Currently rented at $1,200 per month.
Beautifully updated half twin located on a quiet residential street of Bangor. This home has been renovated from top-down with new laminate flooring, wall-to-wall carpeting, LED lighting throughout the house, a renovated spacious eat-in kitchen with granite counter-top, tiled backsplash, new appliances and a mud/utility room off the back. On the second floor you will find two freshly painted carpeted bedrooms with recessed LED lighting and the master bedroom has a cedar closet plus there's a modern full bathroom. The home also features a newer gas furnace, newer hot water heater and a newer roof. Minutes away from RT-33 and in-between the Poconos & the Allentown, Bethlehem, Easton area. It's worth taking a look and for the price, why rent when you can buy! Items in the house will be included in the sale of the property (TV, rug, dining set, and sofas). Currently rented at $900 per month.
Beautifully updated detached Colonial on a corner, flat lot. Updated kitchen with new countertops and tile backsplash with brand new water-resistant laminate floors that continue throughout the first floor. All new wall-to-wall carpeting on the second floor. Beautiful wood railing leads you up the stairs to the bedrooms on the second floor. Den/Office/Study on the first floor can potentially be used as an additional bedroom. Updated bathroom with new floors, pedestal sink, and toilet. Recessed lighting in bathroom and bedrooms. Walk-up attic is in great shape and can be finished for additional living area. Convenient to major roads. Currently rented at $1,200 per month.
This fully renovated 3 bedroom 1.5 bathroom farmhouse is close to everything. 2 car garage, great backyard and plenty of room for everyone. Currently rented at $1,400 per month
Easton 3 Unit Medical Office with Lehigh Valley Network Anchor Tenants
2001 Fairview, Easton, PA
$225,000 Gross with triple net leases equaling an 11.9% Cap Rate at $1.89MM Asking Price. Prime location, across from Easton Hospital on .73 acres with 14,552 sq ft of rentable space. 2 units are currently rented to long term doctors at $16/SF with triple net leases covering significant expenses.
3 Unit - Allentown
$46,800 Gross, $45,880 Net, 10.69% Cap Rate at $429k Asking Price. Desirable location for this commercial space with high traffic areas from Airport Road and Union Blvd. Front commercial space leased by Church which was doubled in size and consumes two leased spaces. This space could be converted back to two for future uses. Back commercial space has long term tenant which can also be upgraded to include small apartment space. Upstairs is a large two-bedroom unit that is owner-occupied and can rent for $1,00-1200/month additional income. Sale of property includes parking lot in back with alley access and 26 spaces which can also yield income. GREAT OPPORTUNITY to immediately cashflow with value-add opportunities for future income.
Commercial unit 1: $2600, tenant pays all utilities
Commercial unit 2: $100)
Apartment on 2nd floor 2 bedroom/1 bath (currently owner occupied): Potential rent: $1,000-1,200
Owner pays: trash $400/year
CITGO - 5243 Milford Road, East Stroudsburg PA (ON MLS)
$12K/MONTH Projected Gross, $9.6K/MONTH Projected Net with 9.1% Projected Cap rate @ $650k Asking Price. This is a well-established turnkey business featuring multiple streams of income that is ready for the next owner. Convenience store, 1 bay garage & THREE (3), ONE (1) bedroom APARTMENTS on the 2nd floor. There are 2 gas pumps that are branded Citgo, these bring constant traffic to the pumps & the store. There is also a 2nd building that is 40x100 w/a long-standing tenant. Parking for up to 50 cars. Located on the heavily traveled Rt 209 next to Pocono Palace Resort, a year-round prime location. Located just 60 mins from NYC & 90 from Phili. Attractions bring millions of tourists, including, Great Wolf Ski Lodge & Indoor Water Park, Kalahari Resort, Camelback & Shawnee Ski Resorts, Mt. Airy Casino, & Crossings Outlet Store. Continue to operate as a Citgo, go unbranded or sign up with another company where they could invest in additional improvements in the property.
Whitehall Commercial Space (ON MLS)
3629 E Columbia
Your opportunity to start or grow your auto repair venture is here at a comprehensive 22% CAP on the package and stunning cash on cash return at 25% down. Included is the real estate, the 10-year business and all its equipment, inventory, supplies (valued at over $100k), employees, client lists, software (3.600 clients), and 6 vendor fleets contracts that the current owner will assist with the transition. The owner stated he does about 300 PA state inspections per month.
The building is a large warehouse comprised of 6,765± sq ft situated on 0.31± acres. The structure provides a customer walk-in section with admin desk, and full auto shop, additional garages currently used for storage provide more opportunity for the right user. The upstairs has a nice two-room employee lounge/ office with a 1/2 bath and the lot has parking for 24 cars. The possibilities for other uses or apartment conversion/ redevelopment should be checked with local zoning.
2 tenured mechanics, and office admin if needed, the owner will assist the transition
Laundromat Business & Building - Allentown
Gross $270k Net $172,800 13.8% Cap Rate at $1.25MM Our Owner is selling his laundromat on one of the busiest streets in Allentown surrounded by hundreds of apartments. Easy to walk to but also includes a parking lot in the back and there is a parking garage within walking distance. The owner only puts in 4 hours per week. All machines take credit cards including soda & candy machines. He is also willing to stay for 3 months to train you. This is not an actual photo if you would like more information please contact James Reardon 484-866-2495.
For any of these properties, contact any of our teammates.