Solid 5-unit apartment building in popular Borough of Hellertown. This is an excellent value add situation for new owner as rents are well below market rate. Fully occupied building allows for immediate cash flow as new owner plans future strategy to capitalize on the full potential for this property. Ideas to increase return include adjusting the rents, separating the common heating system, light renovations on the some of the apartments or perhaps adding coin operated washers or storage in the basement. The building is situated on a great corner location that offers a short walk to Hellertown Park and recreation complex. Location offers easy access to Route I-78, new hospital as well as south into Bucks County meaning your tenant pool will always be substantial. Whether you just starting as in investor, or own a substantial portfolio, you do not want to miss this opportunity.
Hellertown is located in Pennsylvania. Hellertown, Pennsylvania has a population of 6,108. Hellertown is more family-centric than the surrounding county with 28.82% of the households containing married families with children. The county average for households married with children is 27.6%.
The median household income in Hellertown, Pennsylvania is $70,664. The median household income for the surrounding county is $77,103 compared to the national median of $69,021. The median age of people living in Hellertown is 41.6 years.
The average high temperature in July is 83.9 degrees, with an average low temperature in January of 18.4 degrees. The average rainfall is approximately 48.2 inches per year, with 29.5 inches of snow per year.
