754 North 4Th, Allentown, PA 18102

$1,100,000
12
BD
6
BA
6,780
SqFt
List Price
$1,100,000
MLS#
732690
Status
AVAILABLE
Type
Multifamily
Total Units
6
City
Allentown
Area
Allentown-Central
County
Lehigh
Bedrooms
12
Bathrooms
6
Living Area
6,780
Year Built
1950

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***

Additional Information

Construction
Brick, Other
Cooling
Wall AC
Living Area
6,780
Net Income
90679
Operating Expense
17321
Other Expenses
1000
Region
Allentown-Central
School District
Allentown
Sewer
Public
Stories
3
Taxes
$8,421
Total Units
6
Water Sewer
1400
Zoning
R-MH-MEDIUM HIGH DENSITY RESIDENTIAL

Mortgage Calculator

Amount of Loan
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Calculator source: Real Geeks

Listing courtesy of EXP Realty LLC.

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