$500,000 Calculate Payment
266 E Walnut Street Allentown City, PA 18109
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
5,280 sq. ft
Not In Development
Window Air Conditioning, Ceiling Fan(s)
Gas Heat, Hot Water
Exterior / Lot Features
8 Parking Spaces.
40 x 150
R-MH-MEDIUM HIGH DENSITY RESIDENTIAL
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Example seller's savings based on a total commission of 3.99% vs. a traditional 6%. It is subject to change based on agreement between seller and agent. More