Fully occupied 2 unit investment property in the heart of Allentown delivered with Clear CO from the City of Allentown. Solid brick building. 8% cap at asking price Projections @ Full & self-managed . $41000 actual gross income. Keep it as an investment or live in one keep the other… Read More rented and live rent free. Nice finishes throughout. Vinyl flooring, no carpets. 1st floor is used as a two bedroom and has entrances from the front and the back. Apartment 2 is a three bedroom on floors 2 and 3. Garage is rented by the 1st floor tenants. Laundry in the building adds to the income. Recent sold Comp sales and income and expense justify the price. Dont miss out on this stabilized property. No work to be done here Read Less
Courtesy of james J Reardon, eXp Commercial 888-397-7352
Listing Snapshot
Days Online
1
Last Updated
Property Type
Townhouse
Lot Size
0.05 Acres
Year Built
1894
MLS Number
PALH2013324
Additional Details
Building
Built in 1894, 3 stories, Construction Materials: Brick
Cooling
Window Unit(s)
Accessibility Features
2+ Access Exits
Floors
Laminate Plank
Foundation
Stone
Heating
Baseboard - Electric
Income
Gross Income: $41,033, Net Operating Income: $30,023, Apartment Rentals
Lot
0.05 acres, Dimensions: 18.00 x 115.00
Owner Pays
Insurance, Pest Control, Taxes - Real Estate, Water
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