611 West Turner, Allentown, PA 18102

$750,000
9
BD
5
BA
3,945
SqFt
List Price
$750,000
MLS#
732643
Status
AVAILABLE
Type
Multifamily
Total Units
5
City
Allentown
Area
Allentown-Central
County
Lehigh
Bedrooms
9
Bathrooms
5
Living Area
3,945
Lot Size
1,660
Year Built
1900

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***

Additional Information

Acres
0.04
Construction
Brick, Other
Cooling
Wall AC
Living Area
3,945
Lot Size
1,660
Net Income
64033
Operating Expense
15167
Parking Spaces
3
Region
Allentown-Central
School District
Allentown
Sewer
Public
Stories
3
Taxes
$4,263
Total Units
5
Water Sewer
2000
Zoning
R-MH-MEDIUM HIGH DENSITY RESIDENTIAL

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of EXP Realty LLC.

The data relating to real estate for sale or previously for sale on this web site comes in part from the Internet Data Exchange of the Greater Lehigh Valley REALTORS® Multiple Listing Service. The information being provided is for consumes personal, non-commercial use and may not be used for any purpose. Information is deemed reliable but not guaranteed. Copyright 2024 Greater Lehigh Valley REALTORS®.