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754 N 4Th Street

Allentown City, PA 18102
  • $1,100,000
  • STATUS: Available
  • ON SITE: 16 Days
  • ID#: 732690
UPDATED: 123 min ago
$1,100,000
  • 12
    BEDS
  • N/A
    ACRES
  • 6
    BATHS
  • 0
    1/2 BATHS
  • 6,780
    SQFT
  • $162
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1950
County:

School Ratings & Info

School District:

Description

$108,000 Gross Income, $90,679 Net Income, 8.2% Cap. These prideful owners have invested hundreds of thousands to completely renovate this fully occupied, cash-flowing, turnkey, 6-unit, garden-style apartment building. All 6 units have been FULLY updated from top to bottom with fresh paint, new flooring, new energy-efficient windows, newly tiled bathrooms, and all-new kitchens. Each unit has a massive floorplan, tons of sunlight, and are all 2BR, 1BA. The building features ALL-BRICK construction, has had a total facelift including a facade, and has a very well-maintained roof. Tenants pay all utilities and include reimbursement of $40/mo per unit for water/sewer. These are great tenants, have been there for over a year and treat their apartments beautifully. ALL Leases are $1500 with room to grow. It is rare to find this type of property in downtown as many properties have been 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. 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 $118,000 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 2024-02-28T00:13:26.043.
www.assetpropertysolutionsllc.com/homes/147520756
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754 N 4Th Street Allentown City, PA 18102

  • Price: $1,100,000
  • Status: Available
  • On Site: 16 Days
  • Updated: 123 min ago
  • ID#: 732690
12
Beds
6
Baths
0
½ Baths
N/A
Acres
6,780
SQFT
$162
$/SQFT
1950
Built
Neighborhood:
Not In Development
County:
Lehigh
Area:
Allentown-Central
School District:
Allentown
Property Description
$108,000 Gross Income, $90,679 Net Income, 8.2% Cap. These prideful owners have invested hundreds of thousands to completely renovate this fully occupied, cash-flowing, turnkey, 6-unit, garden-style apartment building. All 6 units have been FULLY updated from top to bottom with fresh paint, new flooring, new energy-efficient windows, newly tiled bathrooms, and all-new kitchens. Each unit has a massive floorplan, tons of sunlight, and are all 2BR, 1BA. The building features ALL-BRICK construction, has had a total facelift including a facade, and has a very well-maintained roof. Tenants pay all utilities and include reimbursement of $40/mo per unit for water/sewer. These are great tenants, have been there for over a year and treat their apartments beautifully. ALL Leases are $1500 with room to grow. It is rare to find this type of property in downtown as many properties have been 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. 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 $118,000 with slightly higher rents***
Exterior Features

Construction BrickOther Parking Spaces 0

Interior Features

Baths Modern Cooling Wall AC Heat Type Baseboard

Property Features

Cross Street Address Washington St Electric 500 Gas 0 Gross Income 108000 Heat 0 Lot Size Source Tax Records Net Income 90679 Operating Expense 17321 Other Expenses 1000 Possible Financing CashConventional Property Sub Type Category Apartment StyleComplex Sewer Public Special Conditions Not Applicable Square Footage Source Tax Records Total Taxes 8421.00 Water Public Water Sewer 1400 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 2024-02-28T00:13:26.043.
 
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