334 Law Street, Allentown, PA 18102 (MLS # 737521)
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Welcome to your next lucrative investment in the heart of a thriving rental market! This renovated 4-unit bldg offers an exceptional opportunity for any buyer. This property promises excellent rental income potential with a current annual income of $57,600, boasting a solid 9% cap rate: (2) 1BR/1BA apts at $900/mth & (2) 4BR/2BA apts at $1500/mth. Along with new siding & roof, all of the 4 units have been renovated: updated kitchens/bathrooms, flooring, new HW tanks + clear City CO. Located in a sought-after rental market area, this property benefits from high demand for quality housing. With a strong tenant pool & consistent rental history, you can expect minimal vacancies & reliable income streams. Whether you're an experienced investor or a first-time buyer, this turnkey property offers a hassle-free investment opportunity. With renovations already completed & tenants in place, you can start generating income from day one. Generating an impressive $57,600 in annual income at a 9% cap rate, this property offers a solid return on investment. With potential for future rent increases & appreciation, you can capitalize on the steady growth of the local rental market. Close to amenities, public transportation & major thoroughfares, this property offers convenience & accessibility for tenants. From shopping & dining options to parks & entertainment, everything tenants need is within reach. Don't miss out on this exceptional investment opportunity in a thriving rental market!
| DAYS ON MARKET | 12 | LAST UPDATED | 5/8/2024 |
|---|---|---|---|
| TRACT | Not in Development | YEAR BUILT | 1915 |
| COMMUNITY | Allentown-Central | COUNTY | Lehigh |
| STATUS | Active | PROPERTY TYPE(S) | Single Family |
| School District | Allentown |
|---|
| ADDITIONAL DETAILS | |
| APPLIANCES | Electric Water Heater, Oven, Range, Refrigerator |
|---|---|
| AREA | Allentown-Central |
| CONSTRUCTION | Brick, Vinyl Siding |
| HEAT | Electric |
| INTERIOR | Eat-in Kitchen |
| LOT | 2091 sq ft |
| SEWER | Public Sewer |
| STORIES | 3 |
| STYLE | Colonial |
| SUBDIVISION | Not in Development |
| TAXES | 4353.78 |
| WATER | Public |
| ZONING | R-MH-MEDIUM HIGH DENSITY RESIDENTIAL |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with IronValley RE of Lehigh Valley
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2024 BRIGHT, All Rights Reserved. Information Deemed Reliable But Not Guaranteed. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.
Data last updated: 5/19/24 8:31 PM PDT
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