408 Washington Street, Allentown, PA 18102 (MLS # 732690)
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NEW PRICE ALL COMPLETED CITY CO. $108,000 Gross Income, $75613 Net Income, 8% hard Cap. These prideful owners have invested hundreds of thousands to completely renovate this fully occupied, cash-flowing, turnkey, 6-unit apartment building. All 6 units have been FULLY updated from top to bottom with fresh paint, new flooring, new energy-efficient windows, newly tiled bathrooms, and all-new kitchens. Each unit has a massive floorplan, tons of sunlight, and are all 2BR, 1BA. The building features ALL-BRICK construction has had a total facelift including a facade and has a very well-maintained roof. Tenants pay all utilities and include reimbursement. These are great tenants, have been there for over a year and treat their apartments beautifully. ALL Leases are $1500 with room to grow. It is rare to find this type of property in downtown as many properties have been 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. The ownership group is listing over 25 multi-family units available in addition to this property. *Seller is a licensed real estate agent. *** PROJECTIONS are over $118,000 with slightly higher rents***
| DAYS ON MARKET | 88 | LAST UPDATED | 5/3/2024 |
|---|---|---|---|
| TRACT | Not in Development | YEAR BUILT | 1950 |
| COMMUNITY | Allentown-Central | COUNTY | Lehigh |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| School District | Allentown |
|---|
| PRICE HISTORY | |
| Prior to Apr 13, '24 | $1,100,000 |
|---|---|
| Apr 13, '24 - May 3, '24 | $1,033,008 |
| May 3, '24 - Today | $945,000 |
| ADDITIONAL DETAILS | |
| AREA | Allentown-Central |
|---|---|
| CONSTRUCTION | Brick |
| LOT | 0 |
| SEWER | Public Sewer |
| STORIES | 3 |
| SUBDIVISION | Not in Development |
| TAXES | 8421 |
| WATER | Public |
| ZONING | R-MH-MEDIUM HIGH DENSITY RESIDENTIAL |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
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*Estimate only
Listed with EXP Realty LLC
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Data last updated: 5/9/24 2:53 AM PDT
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