Remarks

NEW LOOK AND COMPLETED CITY CO INSPECTIONS! NEWLY PAINTED OUTSIDE. $79,200 Gross Income, $65450 Net Income, 9% Cap at new price. Will have a clear CO for sale form Allentown--so Nothing to do here! These prideful owners have invested hundreds of thousands to modernize this 5-unit apartment building. All 5 units have been FULLY RENOVATED from top to bottom with fresh paint, new HARDWOOD flooring, energy-efficient windows, newly tiled bathrooms, and all-new kitchens with GRANITE countertops, & DISHWASHERS. The building features ALL-BRICK construction and has a well-maintained roof. The property is fully occupied with tenants paying all utilities including reimbursement for water/sewer. These are great tenants who treat their apartments beautifully. Rare to find this type of property so close to the city center, in downtown with many properties being purchased by out-of-state (NYC) investors. Located in downtown Allentown, next to the city center, and within walking distance of all attractions, restaurants, sports games, and near all interstates. Owners are in the process of installing coin-operated washers/dryers which create additional revenue. The ownership group is listing over 25 multi-family units available in addition to this property. *Seller is a licensed real estate agent. **

Details

MLS#: PALH2007740
Price: $737,000

Year Built: 1870

County: LEHIGH
Tax Fee: 4264.0