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659 Broad St 34 Unit Apartment Building $4,937,040 CAD ($145,207 CAD/Unit) 11.18% Cap Rate Emmaus, PA 18049
INVESTMENT HIGHLIGHTS
- 28 Unit 55+ with all approvals.
- Excellent Opportunity to own a 28 unit in the Lehigh Valley.
- Centrally Located in a very Desirable area.
EXECUTIVE SUMMARY
Your next great investment is here. This 28 unit, 55+ apartment building is a fantastic opportunity for a savvy investor. The heavy lifting is done. Drawings are complete, approvals are secured, demo and framing are done, custom meter bank and major electrical equipment is onsite, major plumbing is in place, sprinkler system only needs minor modifications, main smoke system is in place and ready for new endpoints, quotes for electrical, hvac, etc have been provided, and the property is ready for the fit out. The architectural and engineering designs are stamped and approved and the project manager and crew are available to stay on if desired. This is a green lit, streamlined project and a high-yield investment. The cost to complete is under $1.5 million which will leave $1 million plus in equity upon completion and a healthy cash flow. Don't miss your chance to finish this amazing project. Call for a private showing and detailed information.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Refrigerator
- Oven
- Range
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Walk Score®
Very Walkable (75)
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659 Broad St
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