1502 Chew, Allentown, PA 18102

$650,000
7
BD
7
BA
List Price
$650,000
MLS#
735308
Status
AVAILABLE
Type
Multifamily
Total Units
5
City
Allentown
Area
Allentown-West
County
Lehigh
Neighborhood
West Park Historic
Bedrooms
7
Bathrooms
7
Year Built
1913

Property Description

Invest in a distinguished 5-unit mixed-use building, marrying historical significance with modern living. Property hosts four residential units boasting updated interiors and contemporary comforts—three 2-bedroom apartments and one 1-bedroom apartment, each with their own unique appeal. All residences are responsible for their electricity. Anchoring this investment is an established commercial space on the ground floor, featuring a popular vegan dining venue, offering eat-in and take-out services. Poised for growth, the property currently has below-market rents, signaling potential for enhanced yield. *GROSS INCOME 81,000*53, 838 CURRENT NET, Its prime location stands out, situated in the historic West End and in close proximity to Muhlenberg College, healthcare facilities, and the Theater District. Residents have immediate access to public transit, diverse retail options, and a variety of eateries. OFFERED AT A 8.3 CAP this is a no brainier. This is an opportunity to secure an asset with both character and untapped financial promise in a vibrant neighborhood !!!!Click on video to view and schedule your appointment!

Additional Information

Construction
Brick
Cooling
No Air
Net Income
53838
Operating Expense
25541
Other Expenses
1587
Region
Allentown-West
School District
Allentown
Sewer
Public
Stories
3
Total Units
5
Water Sewer
1440
Zoning
R-Mh-Medium High Density

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of BHHS Fox & Roach Macungie.

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