1525 West Chew, Allentown, PA 18102

$695,000
9
BD
7
BA
List Price
$695,000
MLS#
732898
Status
AVAILABLE
Type
Multifamily
Total Units
5
City
Allentown
Area
Allentown-West
County
Lehigh
Neighborhood
West Park Historic
Bedrooms
9
Bathrooms
7
Year Built
1910

Property Description

Whether you are a seasoned investor or just starting out with your portfolio, this building has a lot to offer. Well maintained, fully occupied West End multi-unit being sold with clear C/O. 5 residential and 2 car garage. 1/2 basement is set up for future coin op laundry and/or extra storage for tenants to add revenue to the building estimated at an extra $450/month. Chew St side offers a 2 bed 1 bath unit on the first floor and large 4 bed 2 bath unit on the 2nd and 3rd floors. Fulton street side has 1 bed 1 bath unit on street level and 2-2 bed 1 bath units on the 2nd and 3rd floors. Underutilized 1/2 basement has street access from Fulton St side. 2 car garage is accessed from Fulton St side. Unit rents are below market. Unit #5 rent is being increased from $1250 to $1300 effective April 1. Tenants need 24 hour notice prior to seeing units.

Additional Information

Construction
Brick
Cooling
No Air
Garage
Attached
Heat
2725
Lot Dimensions
2178
Net Income
58475
Operating Expense
18805
Other Expenses
200
Region
Allentown-West
School District
Allentown
Sewer
Public
Stories
3
Taxes
$8,931
Total Units
5
Water Sewer
1450
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 Keystone Prop Mngmnt&Maint 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®.