29 2nd Street

Catasauqua, PA 18032

$500,000
Price
7
Beds
3,500 Sq. Ft.
$143 / Sq. Ft.
3,500
Sq. Ft.
$143
per Sq. Ft.

Description

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,...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 don’t want to miss. Schedule your appointment today!
  1. Listed by Frank J. Renaldi, Jr. • CENTURY 21 Pinnacle

Property Details for 29 2nd Street

Area
Catasauqua
Sub division
Not in Development
LISTING UPDATED: 12/17/2024 12:43 PM

Property Details for 29 2nd Street

StatusAvailable
MLS #747363
Days on Market56
Taxes$8,322 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Converted
Year Built1870
Lot Size0.10 AC / 4,530 SF
CountyLehigh County

Building Information for 29 2nd Street

Stories3Residences7Year Built1870Building Size-Lot Size0.10 AC / 4,530 SF

Property Information for 29 2nd Street

Summary
Location and General Information
  • Directions: Race st, turn onto Front. At stop make a R onto W. Union St. Continue and make R on 2nd.
  • School District: Catasauqua
Parking
  • ParkingSpaces: 0
Taxes and HOA Information
  • Association: Lehigh Valley MLS
  • County Taxes: $776.41
  • Lawn Snow Removal: $0
  • Maintenance Repair: $1,876
  • Management: 5158
  • Municipal Taxes: $3,091.27
  • School Taxes: $4,453.89
  • Total Taxes: $8,321.57
Property
Lot Information
  • Acres: 0.104
  • APN: 640818703348 001
  • Lot Size Source: Tax Records
  • Zoning Code: R2
Property and Assessments
  • County Assessment: $205,400.00
  • Property SubType Category: Converted, Detached
  • Square Footage Source: Estimated
  • Year Built Exception: Unknown
  • Adult Comm 55 Over: No
Utilities
  • Cooling: No Air
  • Electric: 3600
  • Gas: $0
  • Sewer: Public
  • Water: Public
  • Water Sewer: 2400
Interior and Exterior Features
Exterior Features
  • Construction: Brick, Stucco
Interior Features
  • Baths: Semi Modern
  • Heat: $0
  • Heat Type: Baseboard, Electric
Multi Family
Multi-Family Information
  • Gross Income: $64,056.00
  • Insurance: $2,200
  • Net Income: $40,501.00
  • Operating Expense: $23,555
  • Other Expenses: $0
  • Trash Removal: 0
  • Total Unit Count: 10
  • Total Units: 7
Unit 1
  • Unit Total1 Bedroom: 7

Property History for 29 2nd Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 29 2nd Street

Taxable ValueLand$18,000Additions$187,400Total$205,400
Tax Record2024$8,131 ($678 / month)
Home Facts
Baths4Total Finished SqFt2,798 SqFtAbove Grade Finished SqFt2,798 SqFtStories3Lot Size4,532 SqFtStyleMulti-Family Res (5+ Units)Year Built1870ZoningR2CountyLEHIGHAPN640818703348-1

Schools near 29 2nd Street

This home is within Catasauqua Area School District.
Rating
School
Type
Grades
Distance
Public - K to 4
Public - 5 to 8
Public - 9 to 12
Private - PK to 12
Rating
School
Distance
Francis H Sheckler El School
PublicK to 4

Catasauqua Middle School
Public5 to 8

Catasauqua Senior High School
Public9 to 12

Bridgeway Academy
PrivatePK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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29 2nd Street is a multi-family home for sale in Catasauqua, PA 18032. This property was listed for sale on October 22, 2024 by CENTURY 21 Pinnacle, it's currently listed at $500,000. It has been on the market for a total of 56 days and was last sold on July 15, 2021. This listing's school district is Catasauqua Area School District. Nearby schools include Francis H Sheckler El School, Catasauqua Middle School and Catasauqua Senior High School. 29 2nd Street is a 7-bed, 0-bath, 3,500 sqft multi-family home built in 1870.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of CENTURY 21 Pinnacle

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.