Fully occupied five unit investment property located in Alburtis Borough offering immediate rental income and strong long term potential. The sale includes both 22 W Front Street and the adjacent 27 Ash Alley property. The main building at 22 W Front Street consists of four two bedroom units, one of which includes an additional half bath. The fifth unit is a one bedroom, one bathroom apartment located on the 27 Ash Alley parcel. All units are currently leased with tenants in place. Tenants have access to a shared laundry area, and each unit is equipped with electric baseboard heat. Water, sewer, and trash are currently paid by the owner. The property also offers additional income from the large parking area that can accommodate approximately 10 to 15 vehicles. This is a solid opportunity for investors seeking a stabilized multi unit property in Alburtis Borough.
Alburtis is located in Pennsylvania. Alburtis, Pennsylvania has a population of 2,547. Alburtis is more family-centric than the surrounding county with 31.69% of the households containing married families with children. The county average for households married with children is 29.75%.
The median household income in Alburtis, Pennsylvania is $89,688. The median household income for the surrounding county is $69,440 compared to the national median of $69,021. The median age of people living in Alburtis is 32.4 years.
The average high temperature in July is 85.4 degrees, with an average low temperature in January of 20.8 degrees. The average rainfall is approximately 47.3 inches per year, with 21.3 inches of snow per year.
