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We are excited to announce the availability of an income property in the heart of Allentown. In this up-and-coming area, this seven-unit gem is a great addition to any investment portfolio. $114,000 gross income and will be able to go up every year. This property has updated kitchens, hardwood floors, six apartments have high efficiency heat pumps for heat and AC and split-units for heating and air conditioning in the carriage house. Plus, two basements can also be rented. The property's lovely courtyard is a great outdoor space for tenants, and the top two apartments offer balconies with great views. Finally, this property is convenient to downtown, including fantastic restaurants and the new science center. Same seller also has another seven unit and a ten unit withing 12 miles of this property. This is a great opportunity to grow your portfolio.
| DAYS ON MARKET | 5 | LAST UPDATED | 1/18/2025 |
|---|---|---|---|
| YEAR BUILT | 1890 | COMMUNITY | Allentown City (12302) |
| COUNTY | LEHIGH | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| School District | ALLENTOWN |
|---|
| ADDITIONAL DETAILS | |
| AIR | Central Air, Electric |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Water Heater |
| AREA | Allentown City (12302) |
| CONSTRUCTION | Stucco |
| HEAT | Electric, Heat Pump |
| LOT | 4792 sq ft |
| LOT DIMENSIONS | 40.00 x 115.32 |
| PARKING | On Street, Private, Parking Lot |
| SEWER | Public Sewer |
| TAXES | 8053 |
| WATER | Public |
| ZONING | residential |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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