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 12.5% based on current rents and occupancy. Don't miss out on this unique opportunity!!!
Listing Courtesy of LEHIGH VALLEY ASSOCIATION OF REALTORS / Listed By: Shane Keyser, Century 21 Keim Realtors
$249,500 (USD)
Not In Development Area Townhouse
Active
1349 W Liberty Street Allentown City, PA 18102
5 Bed
1 Baths
1368 sqft
MLS# 783621
Check out this 5BR, 1 bath row home with covered front porch and new tile floor serving as the entry to this recently renovated Allentown City property. Inside, the residence features five spacious bedrooms, a new kitchen, and a new bath. The interior is updated with new flooring and carpet, offering a refreshed atmosphere throughout the home. Vinyl replacement windows are installed, and the property is equipped with efficient gas heat and hot water systems. Outdoor living features a fenced in yard, providing a dedicated outdoor area for relaxation and activities. Schedule a tour today to experience this updated property in person.
Listing Courtesy of LEHIGH VALLEY ASSOCIATION OF REALTORS / Listed By: Shane Keyser, Century 21 Keim Realtors