UNIQUE INVESTMENT OPPORTUNITY in this FULLY OCCUPIED 21 unit property situated on just shy of 10 acres consisting of two parcels and a short 20 minute commute to the Lehigh Valley. This property consists of 2-3BR units, 2-2BR units, 12-1BR/ efficiency units, 3 storage spaces, a workshop with garage, and a commercial garage. Plenty of value add and upside potential with rent increases and the potential to add more units. Check with zoning and the local municipality regarding options. All units are fully occupied with 1 year leases/security deposits in place. Owners pay W/S/T and common electric. All utilities are separate and tenants pay heat(electric), electric, and cable. New roofs and windows were recently installed on all the main buildings and commercial garage.List price reflects a cap rate of over 11% based on current rents and occupancy. Don't miss out on this unique opportunity!!!
Listing Courtesy of LEHIGH VALLEY ASSOCIATION OF REALTORS / Century 21 Keim Realtors / Shane Keyser
$299,900 (USD)
Not In Development Area Multi-Family Home
Active
1416 Chew Street Allentown City, PA 18102
4 Bed
2 Baths
sqft
MLS# 767502
Check out this fully occupied 2 unit row home on the Westside of Allentown. Property consists of a 1st floor 1BR unit with rear yard and basement access and a 2nd and 3rd floor 3BR unit with plenty of space and a covered rear porch. Tenants pay all utilities and are on yearly leases. The detached garage provides additional income and was previously rented for $150/month. The property will be sold with a Clear Certificate of Occupancy from the City of Allentown. Schedule your showing today!!!
Listing Courtesy of LEHIGH VALLEY ASSOCIATION OF REALTORS / Century 21 Keim Realtors / Shane Keyser