Exceptional Investment Opportunity! Don't miss this 12% cap rate fully renovated 5-bedroom, 1.5-bath home, 1 car detached garage, beautifully updated in 2024 with brand-new windows, doors, flooring, fresh paint, and a modernized bathroom. Currently leased at $2,500/month with a one-year lease-tenants cover all utilities, keeping your operating costs impressively low. Located just minutes from vibrant downtown Allentown, with easy access to Starbucks, restaurants, shops, and major commuting routes. Whether you're expanding your portfolio or making your first investment, this property delivers strong cash flow and long-term value. Add this high-performing asset to your portfolio today! Home will come with clear CO.
Property Features
Bedrooms
- Bedrooms: 5
- Bedroom 1 Dimensions: 12' x 13'
- Bedroom 2 Dimensions: 10' x 11'
- Bedroom 3 Dimensions: 13' x 13'
- Bedroom 4 Dimensions: 13' x 12'
- Bedroom 5 Dimensions: 10' x 11'
- Bedroom 1 Level: Second
- Bedroom 2 Level: Second
- Bedroom 3 Level: Second
- Bedroom 4 Level: Third
- Bedroom 5 Level: Third
Other Rooms
- Total Rooms: 9
- Other Dimensions: 60' x 14'
- Other Level: Basement
- FullBath Dimensions: 8' x 8'
- FullBath Level: Second
- HalfBath Dimensions: 5' x 6'
- HalfBath Level: Basement
- Entry Foyer Dimensions: 10' x 3'
- Living Room Dimensions: 13' x 14'
- Entry Foyer Level: First
- Living Room Level: First
- Basement Description: Full
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 1
- 1/2 Bathrooms: 1
Interior Features
- DiningArea
- SeparateFormalDiningRoom
- EatInKitchen
- Flooring: CeramicTile, Hardwood, LuxuryVinyl, LuxuryVinylPlank
Appliances
- Dishwasher
- EnergyStarQualifiedAppliances
- ElectricDryer
- GasCooktop
- GasOven
- GasRange
- GasWaterHeater
- Microwave
- Refrigerator
- Washer
- Laundry Features: ElectricDryerHookup
Heating and Cooling
- Cooling Features: WallWindowUnits
- Heating Features: Baseboard
- Heating: Yes
Kitchen and Dining
- Dining Room Dimensions: 12' x 11'
- Dining Room Level: First
- Kitchen Dimensions: 15' x 12'
- Kitchen Level: First
Exterior and Lot Features
- Awnings
- Balcony
- Fence
- Fencing: YardFenced
- Patio And Porch Features: Balcony
Land Info
- Lot Size Acres: 0.045
- Lot Size Square Feet: 1962
Garage and Parking
- Garage Spaces: 1
- Parking Features: Detached, Garage
School Information
- Elementary School: Central Elementary School
- Elementary School District: Allentown
- High School: William Allen High School
- High School District: Allentown
- Middle School: Harrison-Morton Middle School
- Middle or Junior School District: Allentown
Homeowners Association
Other Property Info
- Annual Tax Amount: 2489
- Source Listing Status: Pending
- County: Lehigh
- Directions: off rt 22 take fullerton ave exit merge onto fullerton ave turn right onto american pkwy turn right onto linden turn right onto n penn st stop at 123 n penn st.
- Source Property Type: Residential
- Area: Allentown-Central
- Property Subtype: townhouse
- Source Neighborhood: Not in Development
- Ownership Type: FeeSimple
- Parcel Number: 640721171189 001
- Postal City: Allentown City
- Subdivision: Not in Development
- Zoning: R-H-High Density Resident
- Property Subtype: Townhouse
Building and Construction
- Total Square Feet Living: 2350
- Year Built: 1890
- Above Grade Finished Area: 1750
- BelowGradeFinishedArea: 600
- Building Area Source: Estimated
- Construction Materials: Brick
- Living Area Source: Estimated
- Property Age: 135
- Total Above Grade Sqft Area: 1750
- Total Below Grade Area: 600
Utilities
- Sewer: PublicSewer
- Water Source: Public
Home Features
- Green Energy Efficient: Appliances
