Listing Courtesy of: David Feinberg - RE/MAX Central - Center Valley

266 E Walnut Street Allentown City, PA 18109

Investment Residence
14 Beds
6 Baths
5,280 Sq. Ft.
**INVESTOR ALERT** --6 UNIT turn key investment property.** FULLY 100% occupied & many renovations within the last few years. *Solid investment in this 6 UNIT BRICK building COMPLETELY RENTED. Very strong cash flow with 9%+ cap rate & leases are all in position for increases based on current ren...tal market demand. Current GRI $66,180 per year. There are 6 apartments & an 8 car parking lot in the rear of the property. The owner has completed renovations over the last few years to each unit including newer kitchens, bathrooms, flooring, paint, etc. There is NATURAL GAS UTILITIES in the building. Owner will sell with Clear CO from the City of Allentown & all units are up to date with their yearly rental inspections from The City as well. Comparable Market rents are higher in the area. An easy to operate, easy to rent building with great numbers. Call your Agent as soon as possible to schedule a tour because we expect a fast sale. **INVENTORY LIKE THIS is scarce & in HIGH DEMAND** Continue reading
Property Type
6 Full
Year Built
Square Feet
5,280 sq. ft
Public Sewer

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Listing Courtesy of: David Feinberg - RE/MAX Central - Center Valley
Thomas H. O’Leary, PA License #RM423918, Xome Inc., PA License #RB067821,, 844-400-XOME (9663) 27081 Aliso Creek Road, Suite 200, Aliso Viejo, CA 92656

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