Auction Details

Emmaus 3 Unit w/ Huge Garage

SOLD! Fabulous Emmaus 3 Unit Building with Huge Garage! Plus off-street parking for 2 cars

Begins: Sat, Aug 22, 2020 11:00AM


Location: 117 S. 5th Street Emmaus, PA 18049

Auction Description

Real Estate Auction
11AM Saturday, August 22, 2020

117 S. 5th Street, Emmaus, PA 18049

3 Unit Apartment Building with Huge Garage.
All One Bedroom Units *
Plus off-street parking for 2 cars

Open House: 10AM-12PM Saturday, August 15 & 1 Hour Prior to Auction.

Opportunities to purchase apartment buildings in Emmaus do not come up often! Be sure to check out this exceptionally well-maintained and updated property in this highly desirable area.

Rents: $930 (9 months), $780 (10 yrs.), $880 (just vacated after 5 yrs.), garage $170 (3 1/2 yrs.).

Note: The ten-year tenant and garage tenant have not had rent increases ever! Their leases are currently month-to-month and due for a market value increase.

Annual expenses including taxes, insurance, heat, garbage, water, sewer and electric are $9,003.00.

New roof on main house 2010, roof on rear unit 2019. Tenants pay their own electric and hot water. Landlord pay oil heat and electric for common areas and garage, there is natural gas in the street if new owner wants to convert.

Property will have lateral line inspection and Borough C/O inspection conducted soon.

Lehigh County, Emmaus School district, built 1900, 2166-SF, total taxes $4,178, lot size 37’ x 131’.

All potential buyers are invited to view and inspect the property during the published open house dates.

Due to the Covid 19 virus concerns we are taking precautions to provide a safe environment to potential bidders and the tenants of the building. Therefore, everyone must wear a mask while on the premise. Tom Hall Auctions will supply shoe covers to everyone entering the property as well.

Auction Day Phone # 610-428-7075.

Summary of Terms & Conditions: 10% deposit, settlement within 45 days. Guaranteed good clean title to buyer at settlement. A copy of the complete terms is available at the open house or contact us to receive a copy via email.

After 28 years of ownership, owner is selling last property in portfolio and retiring, and chose auction as fast and effective marketing solution.

LEGAL NOTICE AND DISCLAIMER: The information used for advertising may not be accurate. Measurements, figures and drawings are approximate. You should independently verify the information regarding the real estate that interests you. Neither the Seller nor Tom Hall Auctions, Inc. shall be responsible for any errors, misinformation, misprints or other mistakes. This information is subject to change without notice.

The parcel map is for reference purposes only. Parcel lines are NOT meant to be used for engineering or line dispute purposes.

Tom Hall Auctions, Inc. (AU-1734) 610-799-0808

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