382-416 Long Run Road, Lehighton, PA 18342
$760,000
Property Type:
Commercial Sale
Square Footage:
1,100
Lot Size (sq. ft.):
383,764
Status:
Closed
Current Price:
$760,000
List Date:
9/14/2021
Last Modified:
2/28/2025
Overview
Description
Listing Details MLS# PM-91417
General Property Information
- Above Grade Finished Area
- 1100
- SqFt. Below Grade (Legacy)
- 250
- Building Area Total
- 1100
- Building Area Source
- Estimated
- Stories
- Yes
- Number Of Buildings
- 16
- Year Built
- 1966
- Year Built Source
- Estimated
- Business Name
- Matco Construction Inc.
- Lot Size Acres
- 8.81
- Lot Size Dimensions
- 8.81 acres
- List Price/SqFt
- 909.09
- Sold Price/SqFt
- 690.91
- Below Grade Finished Area
- 0
- Leasable Area
- 0
Property Features
Listing Terms:
Cash; Conventional
Existing Lease Type:
Net
Lease Term Options:
Renewal Option
Owner Pays:
Water; Sewer; Taxes; Common Area Maintenance; Parking Fee; Snow Removal
Possession:
Close Of Escrow; Negotiable
Current Use:
Commercial
Possible Use:
Residential; Multi-Family
Business Type:
Camp Ground
Building Features:
Other
Rail Road Track:
None
Construction Materials:
Frame
Roof:
Other
Electric:
200 or Less Amp Service
Cooling:
None
Heating:
Coal; Electric; Oil
Water Source:
Well
Sewer:
Septic Tank
Parking Features:
On Site
Lot Features:
Near Public Transit; Corner Lot
Road Frontage Type:
See Remarks
Road Surface Type:
Paved
Road Responsibility:
Private Maintained Road
Contract Information
- Property Sub Type
- Business
- Listing Contract Date
- 2021-09-14
- Listing Service
- Full Service
- Lease Considered YN
- No
Location Tax and Legal
- County
- Carbon
- Street Number
- 382-416
- Street Name
- Long Run
- Street Suffix
- Road
- City (Post Office)
- Lehighton
- State
- PA
- Postal Code
- 18342
- Subdivision Name
- None
Remarks and Miscellaneous
- Public Historical Remarks
- Road Type: Twp-rd, Warranty: None, Special Financing: None, Level: Multi, Lease Includes: Cooking Facility, Ceiling: 0-9FT, Location: Inside, Miscellaneous: Zoning Code residential
- Public Remarks
- PROPERTY UNDER CONTRACT,back up offers only accepted. Amazing income property with 15 32x28 (approx.) rentals fully updated with 5/ 3 bedroom and 10 /4 bedroom dwellings each has security deposit and last/mid month rent up front. 2 wells, with new pump 2 yrs old in pump house . $12,250 per month income with 1 sec 8 tenant. Tenants pay garbage collection plus rent. Each home has own septic,( 3 new 2 yrs old). Heat paid by tenant with 1 oil furnace, rest have coal/wood furnace with back-up electric baseboard heat. Gross rent $147,000, Expenses $41,000, Net Operating Expenses $106,000. (net cash flow) 9Net cash flow
Status Change Information
- Purchase Contract Date
- 2022-01-06
- Close Date
- 2022-03-11
- Close Price
- 760000
More Information
Unit Details
- Number Of Units Leased
- 15
Income and Expenses
- Cap Rate
- 10
Building Features
- Ceiling Height
- 9
- Number of Levels
- 2
- Office SqFt
- 0
- Other
- Yes
Road Frontage Type
- Road Frontage Length
- 250
- See Remarks
- Yes
Location, Tax, and Legal
- Parcel Number
- 70D-11-12.02
- Municipality
- Franklin Township
- High School District
- Lehighton Area
- Cnty&Muni Taxes (Legacy)
- 3388.44
- School Tax Amount
- 9494.84
- Tax Annual Amount
- 13827.14
- Tax Assessed Value
- 198305
- Tax Book Number
- 530/845
- Zoning Description
- Other
Business Type
- Camp Ground
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
Existing Lease Type
- Net
- Yes
Lease Term Options
- Renewal Option
- Yes
Owner Pays
- Water
- Yes
- Sewer
- Yes
- Taxes
- Yes
- Common Area Maintenance
- Yes
- Parking Fee
- Yes
- Snow Removal
- Yes
Possession
- Close Of Escrow
- Yes
- Negotiable
- Yes
Current Use
- Commercial
- Yes
Possible Use
- Residential
- Yes
- Multi-Family
- Yes
Rail Road Track
- None
- Yes
Construction Materials
- Frame
- Yes
Roof
- Other
- Yes
Electric
- 200 or Less Amp Service
- Yes
Cooling
- None
- Yes
Heating
- Coal
- Yes
- Electric
- Yes
- Oil
- Yes
Water Source
- Well
- Yes
Sewer
- Septic Tank
- Yes
Parking Features
- On Site
- Yes
Lot Features
- Near Public Transit
- Yes
- Corner Lot
- Yes
Road Surface Type
- Paved
- Yes
Road Responsibility
- Private Maintained Road
- Yes
Listing Office:
WEICHERT Realtors Acclaim - Tannersville
Last Updated: February - 28 - 2025
Information deemed reliable but not guaranteed.
