100% occupied multifamily investment available | … · 2020-02-14 · 95 highland avenue,suite...

Multifamily Property For Sale

DLP • 95 HIGHLAND AVENUE, SUITE 300, BETHLEHEM, PA 18017 • DLPMULTIFAMILY.COM

100% OCCUPIED MULTIFAMILYINVESTMENT AVAILABLE | 10.01% CAP RATE

3 0 1 B E R T S C H S T R E E T , L A N S F O R D , P A 1 8 2 3 2

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95 Highland Avenue,Suite 300,Bethlehem, PA 18017 • 610.421.4610 • dlpmult i fami ly.com

TABLE OF CONTENTS3 0 1 B E R T S C H S T R E E T , L A N S F O R D , P A 1 8 2 3 2

Confident ia l i t y & D isc la imer

All materials and information received or derived from DLP its directors, officers, agents, advisors, affiliates and/or any third partysources are provided without representation or warranty as to completeness , veracity, or accuracy, condition of the property,compliance or lack of compliance with applicable governmental requirements, developability or suitability, financial performance of theproperty, projected financial performance of the property for any party’s intended use or any and all other matters.

Neither DLP its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as toaccuracy or completeness of the any materials or information provided, derived, or received. Materials and information from any source,whether written or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence todetermine these and other matters of significance to such party. DLP will not investigate or verify any such matters or conduct duediligence for a party unless otherwise agreed in writing.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their owninspections and investigations including through appropriate third party independent professionals selected by such party.

All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consultingappropriate independent professionals. DLP makes no warranties and/or representations regarding the veracity, completeness, orrelevance of any financial data or assumptions. DLP does not serve as a financial advisor to any party regarding any proposedtransaction. All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differfrom actual data or performance. Any estimates of market rents and/or projected rents that may be provided to a party do notnecessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual andgovernmental limitations as well as market conditions,vacancy factors and other issues in order to determine rents from or for theproperty.

Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certifiedpublic accountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regardingthe condition of the property and whether the property complies with applicable governmental requirements should be discussed by theparty with appropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services aremarketed by DLP in compliance with all applicable fair housing and equal opportunity laws.

3PROPERTY INFORMATION

7LOCATION INFORMATION

11FINANCIAL ANALYSIS

15DEMOGRAPHICS

18ADVISOR BIOS

Contents

1

PROPERTY INFORMATION3 0 1 B E R T S C H S T R E E T , L A N S F O R D , P A 1 8 2 3 2

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PROPERTY OVERVIEW

301 E Bertsch is located on the corner of Chestnut and E Bertsch St in the heart of the downtown residential section ofLansford. This two-story 100% residential building has 4 apartments that are 100% occupied. Featuring a great rentalhistory, this building has been updated and remodeled over the course of its ownership. With super low expenses andunder market rents, the next owner has the ability to truly capture a great return on this investment. With no majorcapital improvements needed you can operate this turn-key investment from near or far.

PROPERTY HIGHLIGHTS

• 4 Residential Units

• Corner property

• Downtown residential location

• Neighborhood feel

OFFERING SUMMARY

Sale Price: $119,900

Building Size: 1,538 SF

Lot Size: 0.08 Acres

Price / SF: $77.96

Cap Rate: 10.01%

NOI: $11,998

Year Built: 1904

Zoning: R2

EXECUTIVE SUMMARY3 0 1 B E R T S C H S T R E E T , L A N S F O R D , P A 1 8 2 3 2

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ADDITIONAL PHOTOS3 0 1 B E R T S C H S T R E E T , L A N S F O R D , P A 1 8 2 3 2

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ADDITIONAL PHOTOS3 0 1 B E R T S C H S T R E E T , L A N S F O R D , P A 1 8 2 3 2

2

LOCATIONINFORMATION3 0 1 B E R T S C H S T R E E T , L A N S F O R D , P A 1 8 2 3 2

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Lansford, PA

REGIONAL MAP3 0 1 B E R T S C H S T R E E T , L A N S F O R D , P A 1 8 2 3 2

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LOCATION MAPS3 0 1 B E R T S C H S T R E E T , L A N S F O R D , P A 1 8 2 3 2

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AERIAL MAP3 0 1 B E R T S C H S T R E E T , L A N S F O R D , P A 1 8 2 3 2

3

FINANCIAL ANALYSIS3 0 1 B E R T S C H S T R E E T , L A N S F O R D , P A 1 8 2 3 2

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INVESTMENT OVERVIEW

Price $119,900Price per Unit $29,975GRM 5.7CAP Rate 10.0%Cash-on-Cash Return (yr 1) 10.01 %Total Return (yr 1) $11,998Debt Coverage Ratio -

OPERATING DATA

Gross Scheduled Income $21,180Other Income -Total Scheduled Income $21,180Vacancy Cost $0Gross Income $21,180Operating Expenses $9,182Net Operating Income $11,998Pre-Tax Cash Flow $11,998

FINANCIAL SUMMARY3 0 1 B E R T S C H S T R E E T , L A N S F O R D , P A 1 8 2 3 2

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INCOME & EXPENSES3 0 1 B E R T S C H S T R E E T , L A N S F O R D , P A 1 8 2 3 2

INCOME SUMMARY PER SF

GROSS INCOME $21,180 $13.77

EXPENSE SUMMARY PER SF

Electric $1,050 $0.68Maintenance/Vacancy (5%) $1,059 $0.69Trash Removal $941 $0.61Water/Sewer $1,421 $0.92Taxes $3,311 $2.15Permit $200 $0.13Insurance (est.) $1,200 $0.78

GROSS EXPENSES $9,182 $5.97

NET OPERATING INCOME $11,998 $7.80

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UNITNUMBER

UNITBED

UNITBATH

CURRENTRENT

Apt 1 1 1 $390

Apt 2 3 1 $450

Apt 3 2 1 $450

Apt 4 1 1 $475

$1,765

RENT ROLL3 0 1 B E R T S C H S T R E E T , L A N S F O R D , P A 1 8 2 3 2

4

DEMOGRAPHICS3 0 1 B E R T S C H S T R E E T , L A N S F O R D , P A 1 8 2 3 2

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DEMOGRAPHICS REPORT3 0 1 B E R T S C H S T R E E T , L A N S F O R D , P A 1 8 2 3 2

1 MILE 3 MILES 5 MILES

Total households 1,889 5,694 9,954

Total persons per hh 2.2 2.3 2.3

Average hh income $40,942 $42,358 $43,827

Average house value $118,526 $116,472

1 MILE 3 MILES 5 MILES

Total population 4,164 13,059 23,132

Median age 43.0 41.9 42.1

Median age (male) 37.8 38.1 39.0

Median age (female) 45.0 44.5 44.6

* Demographic data derived from 2010 US Census

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* Demographic data derived from 2010 US Census

1 Mile 3 Miles 5 Miles

Total Population 4,164 13,059 23,132

Population Density 1,325 462 295

Median Age 43.0 41.9 42.1

Median Age (Male) 37.8 38.1 39.0

Median Age (Female) 45.0 44.5 44.6

Total Households 1,889 5,694 9,954

# of Persons Per HH 2.2 2.3 2.3

Average HH Income $40,942 $42,358 $43,827

Average House Value $118,526 $116,472

DEMOGRAPHICS MAP3 0 1 B E R T S C H S T R E E T , L A N S F O R D , P A 1 8 2 3 2

5

ADVISOR BIOS3 0 1 B E R T S C H S T R E E T , L A N S F O R D , P A 1 8 2 3 2

95 Highland Ave, STE 300 Bethlehem, PA 18017

D. 570.460.3985O. 484.403.0185

[email protected]

BRUCE EATON Commercial Manager & Investment Advisor

Professional BackgroundBruce started in commercial real state and investment property services in 2009. He works with clients to understand their needs and desires and works diligently to achieve their real estate investment goals. He works with both buyers and sellers; additionally Bruce represents landlords and tenants for lease space.

He has sold over $5M in real estate and provided representation in 23 leases in the past 12 months.

As an active buyer of investment property, Bruce understands the challenges to successfully acquiring and managing a profitable portfolio.

He lives in Eastern Pennsylvania with his wife.

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BRUCE EATON BIO & CONTACT3 0 1 B E R T S C H S T R E E T , L A N S F O R D , P A 1 8 2 3 2

100% occupied multifamily investment available | … · 2020-02-14 · 95 highland avenue,suite...

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