$1,033,008
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754 N N 4TH Street Allentown, PA 18102 Municipality: Allentown City
Multi-Family
Residence
Beds
6
Baths
6,780
Sq. Ft.
0.06
Acre
Lot
Property Activity
Time on Site
days
Days on Market
Views
Saves
$108,000 Gross Income, $90,679 Net Income, 8.2% Cap. These prideful owners have invested hundreds of thousands to completely renovate this fully occupied, cash-flowing, turnkey, 6-unit, garden-style apartment building. All 6 units have been FULLY updated from top to bottom with fresh paint, new floo...ring, new energy-efficient windows, newly tiled bathrooms, and all-new kitchens. Each unit has a massive floorplan, tons of sunlight, and are all 2BR, 1BA. The building features ALL-BRICK construction has had a total facelift including a facade and has a very well-maintained roof. Tenants pay all utilities and include reimbursement of $40/mo. per unit for water/sewer. These are great tenants, have been there for over a year and treat their apartments beautifully. ALL Leases are $1500 with room to grow. It is rare to find this type of property in downtown as many properties have been 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. 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 $118,000 with slightly higher rents***
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MLS#
PALH2007818
Property Type
Multi-Family
Bathrooms
Year Built
1910
Square Feet
6,780
sq. ft
Price per Sq. Ft.
$152.36
Lot Size
0.06
Sewer
Public Sewer
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Source: Walk Score®
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