Remarks

OWN A CITY BLOCK generating $126,000 Gross Income & LOW expenses giving the lucky buyer a $105,441 NET INCOME, 7.67% CAP RATE. This property would be 10X if in NYC. This stunning, cash-flowing, turnkey, 7-unit investment property has gorgeous curb appeal and has been completely renovated from TOP to Bottom with NEW Hardwood Floors, New PEX plumbing, NEW Kitchens with new cabinets and mostly stainless steel appliances, New windows throughout, NEW Laundry Room, New roof, and Newly Paved PRIVATE Parking lot with a few spaces for the tenants. Each unit is massive and has a ton of sunlight. This property is extremely safe, is located next to a beautiful Church, the police station, and across from a massive parking garage that is used for the events held at the famous PPL Center, home of the Phantoms, bringing in hundreds of thousands of fans. This property has guaranteed appreciation and is already rented at high rents to great tenants. One day a massive developer is going to make an offer on this city block and you can get a lottery ticket in a few years while making cash flow and owning an iconic downtown city property. *One of the sellers is a licensed real estate agent.

Details

MLS#: PALH2012548
Price: $1,325,000

Year Built: 1900

County: LEHIGH
Tax Fee: 9384

School District: ALLENTOWN