Description
Annual Income: $61,020.00 Net Operating Income (NOI): $48,499.06. Prime Investment Opportunity: Turn-Key 4-Unit 100% occupied Brick Multi-Family in Allentown. Presenting a meticulously maintained, all-brick 4-unit residential building located in the heart of Allentown at 135 N 8th Street. This property offers a robust mix of units and consistent cash flow, making it an ideal addition to a savvy investor's portfolio or a perfect house-hacking opportunity. Right in the heart of the Old Allentown Historic District. Situated just one minute from the vibrant center of Allentown, this property offers a rare combination of historical charm and steady cash flow in one of the city's most sought-after rental corridors.Property Overview This fully occupied multi-family building is a turnkey opportunity for seasoned investors or those looking to expand their portfolio in a high-demand areaFinancial Performance :efficient Expense Ratio: Low owner-paid utilities and well-managed operating costs. Unit Breakdown & Revenue The building features a diverse unit mix to maximize occupancy and appeal to a wide range of tenants. Property Features & Updates Solid Construction: Classic all-brick exterior provides durability and timeless curb appeal with minimal maintenance.Prime Location: Situated in the 18102 zip code, tenants enjoy easy access to downtown Allentown's amenities, dining, and public transportation.Proven Track Record: Conservative 5% vacancy is already factored into the financial projections, showing a high-performing asset.Investment Summary with a Net Profit of over $48,000 annually, this property stands out as a high-yield asset in a growing market. The heavy lifting has been done-bring your portfolio to the next level with this stable, brick-and-mortar investment.Schedule your private showing today and secure your position in the Allentown rental market. Seller has a lot more properties to sell. 106 N 8th is also listed-1 block away. Looking to expand your portfolio? Like this property all of his properties are fully occupied and all are renovated--not a rug in any of them! Showings will be limited to accomadate tenants. Property will be sold with a cleared CO from the city of Allentown!
Details
| MLS # | PALH2015224 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1900 |
| Days On Site | 165 |
| Listing Provided By | eXp Commercial | james J Reardon |
Features
| Units | 4 |
|---|---|
| Zoning | B-2 |
| Acreage | 0.05 |
Interior
| Cooling | None |
|---|---|
| Heating Yes / No | Yes |
| Heating | Baseboard - Electric |
Exterior
| Roof | Architectural Shingle |
|---|---|
| Construction Materials | Brick |
| Foundation Details | Brick/Mortar, Stone, Concrete Perimeter |
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 4029 |
|---|
Area Information
| State | PA |
|---|---|
| County | LEHIGH PA |
| City | ALLENTOWN |
| Zip Code | 18102 |
| Area | Allentown City (12302) |
| School District | ALLENTOWN |
| Listing VS Median (in 18102) | |
Price: $575,000 low | high Med: $362,000 On site: 165 low | high Med: 5 | |
Market Activity 18102
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Learn More About This Property
| State | PA |
|---|---|
| County | LEHIGH PA |
| City | ALLENTOWN |
| Zip Code | 18102 |
| Area | Allentown City (12302) |
| School District | ALLENTOWN |
| Listing VS Median (in 18102) | |
Price: $575,000 low | high Med: $362,000 On site: 165 low | high Med: 5 | |
