611 W W Turner Allentown, PA 18102 Municipality: Allentown City

Multi-Family Residence

Beds

Baths

3,945 Sq. Ft.

0.04 Acre Lot

Property Activity

Time on Site

days

Days on Market

Views

Saves

Last updated on 4/28/2024 1:03 AM

Listing Details

$79,200 Gross Income, $64,033 Net Income, 8.5% Cap. Now will have a clear CO for sale from Allentown--nothing to do! These prideful owners have invested hundreds of thousands to modernize this 5-unit garden-style apartment building. All 5 units have been FULLY RENOVATED from top to bottom with fres...h paint, new HARDWOOD flooring, energy-efficient windows, newly tiled bathrooms, and all-new kitchens with GRANITE countertops, & DISHWASHERS. The building features ALL-BRICK construction and has a well-maintained roof. The property is fully occupied with tenants paying all utilities . These are great tenants, have been there for over a year and treat their apartments beautifully. Rare to find this type of property so close to the city center, in downtown with many properties being 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. Owners are in the process of installing coin-operated washers/dryers which create additional revenue. 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 $85,000 with slightly higher rents*** Continue reading

MLS#

PALH2007740

Property Type

Multi-Family

Year Built

1870

Square Feet

3,945 sq. ft

Price per Sq. Ft.

$190.11

Lot Size

0.04