Projected $7400 monthly rent Projected $88,800 yearly gross income Projected $63000 net income! projected 14% cap! Seller will lease back the restaurant for 1 year at $3500 a month. 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. The restaurant is awesome with hand made bar and enough room to fit 75 guests. You have a whole year to get a new tenant in there--or if you are a restauranter take the money from the rent and do the renovations needed. There is a 2 car garage you can rent for $400! After getting renovated you can refi as the building would be worth $800K! Refi and keep it!
PALH2009796
Commercial - Mixed Use, Other
1870
LEHIGH
0.14
Acres
Electric Water Heater, Public Water Service
Public Sewer
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100
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