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611 W Turner Street

Allentown City, PA 18102
  • $750,000
  • STATUS: Available
  • ON SITE: 16 Days
  • ID#: 732643
UPDATED: 48 min ago
$750,000
  • 9
    BEDS
  • 0.04
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
  • 3,945
    SQFT
  • $190
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1900
County:

School Ratings & Info

School District:

Description

$79,200 Gross Income, $64,033 Net Income, 8.5% Cap. These prideful owners have invested hundreds of thousands to modernize this 5 unit garden-style apartment building. All 5 units have been FULLY RENOVATED from top to bottom with fresh paint, new HARDWOOD flooring, energy-efficient windows, newly tiled bathrooms, and all-new kitchens with GRANITE countertops, & DISHWASHERS. The building features ALL-BRICK construction and has a well-maintained roof. The property is fully occupied with tenants paying all utilities including reimbursement for water/sewer. These are great tenants, have been there for over a year and treat their apartments beautifully. Rare to find this type of property so close to the city center, in downtown with many properties being 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. Owners are in the process of installing coin-operated washers/dryers which create additional revenue. 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 $85,000 with slightly higher rents***

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© 2024 Greater Lehigh Valley REALTORS® All Rights Reserved. Based on information from the Greater Lehigh Valley REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Asset Property Solutions, LLC. Data last updated 2024-02-28T18:13:00.24.
www.assetpropertysolutionsllc.com/homes/147518193
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611 W Turner Street Allentown City, PA 18102

  • Price: $750,000
  • Status: Available
  • On Site: 16 Days
  • Updated: 48 min ago
  • ID#: 732643
9
Beds
5
Baths
0
½ Baths
0.04
Acres
3,945
SQFT
$190
$/SQFT
1900
Built
Neighborhood:
Not In Development
County:
Lehigh
Area:
Allentown-Central
School District:
Allentown
Property Description
$79,200 Gross Income, $64,033 Net Income, 8.5% Cap. These prideful owners have invested hundreds of thousands to modernize this 5 unit garden-style apartment building. All 5 units have been FULLY RENOVATED from top to bottom with fresh paint, new HARDWOOD flooring, energy-efficient windows, newly tiled bathrooms, and all-new kitchens with GRANITE countertops, & DISHWASHERS. The building features ALL-BRICK construction and has a well-maintained roof. The property is fully occupied with tenants paying all utilities including reimbursement for water/sewer. These are great tenants, have been there for over a year and treat their apartments beautifully. Rare to find this type of property so close to the city center, in downtown with many properties being 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. Owners are in the process of installing coin-operated washers/dryers which create additional revenue. 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 $85,000 with slightly higher rents***
Exterior Features

Construction BrickOther Parking Spaces 3

Interior Features

Baths Modern Cooling Wall AC Features Fire EscapeHardwoodRewiredWall-to-Wall Carpet Heat Type Baseboard

Property Features

Cross Street Address N 6th St Electric 960 Gas 0 Gross Income 79200 Heat 0 Lot Size Source Tax Records Net Income 64033 Operating Expense 15167 Other Expenses 0 Possible Financing CashConventional Property Sub Type Category Apartment StyleDetached Sewer Public Special Conditions Not Applicable Square Footage Source Tax Records Total Taxes 4263.00 Water Public Water Sewer 2000 Year Built Exception Unknown Zoning Code R-MH-MEDIUM HIGH DENSITY RESIDENTIAL

Listing provided courtesy of EXP Realty LLC: .


© 2024 Greater Lehigh Valley REALTORS® All Rights Reserved. Based on information from the Greater Lehigh Valley REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Asset Property Solutions, LLC. Data last updated 2024-02-28T18:13:00.24.
 
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