445 West Linden, Allentown, PA 18102

$750,000
5
BD
6
BA
2,050
SqFt
List Price
$750,000
MLS#
732689
Status
AVAILABLE
Type
Multifamily
Total Units
6
City
Allentown
Area
Allentown-Central
County
Lehigh
Bedrooms
5
Bathrooms
6
Living Area
2,050
Lot Size
1,786
Year Built
1890

Property Description

$75,600 Gross Income, $61,773 Net Income, 8.2% Cap. These prideful owners have invested over $100K to update this cashflowing, fully occupied, 6-unit garden-style apartment building with 5 residential units and 1 long-standing business commercial storefront. 4 units were renovated with fresh paint, new flooring, some new windows, updated bathrooms, and updated kitchens. 3 of the 1BR units are extremely large, and the other two are normal-sized. Long term tenant is in year 2 of a 6 year lease with option to renew. Well maintained roof. Tenants paying all utilities. These are great tenants, have been there for over a year and treat their apartments like a true home. 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. SEE PHOTOS, Property is next to large commercial buildings and is located in downtown Allentown, within walking distance of all attractions, restaurants, and 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 $85,000 with slightly higher rents***

Additional Information

Acres
0.04
Construction
Other, Vinyl
Cooling
Wall AC
Garage
Driveway Parking, Off Street, On Street
Living Area
2,050
Lot Size
1,786
Net Income
61773
Operating Expense
13827
Parking Spaces
6
Region
Allentown-Central
School District
Allentown
Sewer
Public
Stories
3
Taxes
$6,077
Total Units
6
Water Sewer
1750
Zoning
R-H-HIGH DENSITY RESIDENTIAL

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of EXP Realty LLC.

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