Turnkey, cash-flowing single family asset in the Old Allentown Historic District with clear rent-growth upside. Property produces a GROSS income of $13,800 and NET $10,706. The property offers a functional layout with a private fenced yard, basement, and attic storage, along with efficient gas heat and electric appliances. This property… Read More benefits from sustained tenant demand driven by proximity to dining, shopping, and entertainment in central Allentown. The unit features an efficient layout and private fenced outdoor space, a combination that supports long-term renter appeal and consistent occupancy in this submarket. The property is tenant-occupied, with tenants responsible for all utilities, keeping owner expenses low and predictable. In-place rents remain below prevailing market levels, with nearby comparable units supporting higher monthly rents. Appliances are already in place, and the asset requires no operational overhaul to unlock upside, positioning it as a light value-add or hands-off hold. At the asking price, the property delivers immediate in-place income with a clear path to improved performance through rent optimization rather than capital-intensive repositioning. Well-suited for investors seeking stable yield, inflation-resistant income growth, and long-term appreciation in the Lehigh Valley. Read Less
Courtesy of james J Reardon, eXp Commercial 888-397-7352
Listing Snapshot
Days Online
4
Last Updated
Property Type
Townhouse
Lot Size
0.04 Acres
Year Built
1870
MLS Number
PALH2014500
Additional Details
Building
Built in 1870, Construction Materials: Advanced Framing, Aluminum Siding, Block
Cooling
None
Accessibility Features
2+ Access Exits
Floors
Engineered Wood, Carpet, Ceramic Tile
Foundation
Block, Stone
Heating
90% Forced Air
Income
Net Operating Income: $11,710, Apartment Rentals
Lot
0.04 acres, Dimensions: 17.00 x 100.00
Property
Very Good, Other structures: Above Grade, Below Grade
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