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Key Details
Sold Price $295,000
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 3,041 sqft
Price per Sqft $97
MLS Listing ID PALH2007404
Sold Date 01/10/24
Style Other
Abv Grd Liv Area 3,041
Originating Board BRIGHT
Year Built 1880
Annual Tax Amount $3,747
Tax Year 2022
Lot Size 2,200 Sqft
Acres 0.05
Lot Dimensions 20.00 x 110.00
Property Description
Projected $39600 gross $28500 net income 9.8% cap rate. This has a fully renovated 2-bedroom 1st floor apartment with all wood floors and nice kitchen. Good sized bedrooms and living space, Access to the basement for storage. Access to the backyard. The 2nd apartment is the 2nd and 3rd floors with 3-4 bedrooms and 2 full baths. Wood floors., nice sized rooms, large closets. Eat-in kitchen and also access to large outside deck. Rent the 1st floor for $1400 and 2ndfloor for $1800. Throw in the garage to one of the tenants for $200! And you can get to $3400 a month and get up to $40,800 gross rents. I actually used lower numbers and you can see how this will exceed and be over 10% cap rate. We can deliver vacant or will fill tenants for a buyer. This would be GREAT for a owner operator, Live and get enough rent to cover your mortgage payments! The numbers include all expenses/taxes and vacancy so will be easy to keep fully occupied and make great cash flow.
Location
State PA
County Lehigh
Area Allentown City (12302)
Zoning R-MH
Rooms
Basement Full
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling None
Fireplace N
Heat Source Electric
Exterior
Exterior Feature Deck(s)
Garage Garage - Side Entry, Garage - Rear Entry
Garage Spaces 2.0
Waterfront N
Water Access N
Accessibility 2+ Access Exits
Porch Deck(s)
Parking Type Attached Garage, On Street
Attached Garage 2
Total Parking Spaces 2
Garage Y
Building
Foundation Stone
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Allentown
Others
Tax ID 549791360062-00001
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
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Bought with james J Reardon • eXp Commercial
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