Come see this updated 5-Units property centrally located in the fast-growing Allentown City. This property offering strong CASH FLOW of $69, 000/year in gross income with over 9.7% Cap rate. Tenants responsible for all their own utilities, while owner covers only: water/sewer & trash. New Roof installed in 2024, Separate Basement entrance for storage area or refinish in the future, Low Expenses, LOW TAXES and reliable tenants for immediate income and peace of mind. Centrally located near Downtown Allentown and all local attractions. Don't miss out on this great investment opportunity to own a solid Income producing asset in a desirable location in Allentown city. schedule your showing today!
Property Features
Bedrooms
Other Rooms
Bathrooms
- Total Bathrooms: 5
- Full Bathrooms: 5
Appliances
- Oven/Range Electric
- Refrigerator
Heating and Cooling
- Cooling Features: Window ACs
- Heating Features: Baseboard, Electric
Land Info
- Lot Size Acres: 0.048
- Lot Size Square Feet: 2091
Garage and Parking
- Garage Description: On Street
Exterior and Lot Features
- Street Additional Info: 860
Homeowners Association
- Association: No
- Calculated Total Monthly Association Fees: 0
School Information
- School District: Allentown
Other Property Info
- Source Listing Status: Available
- County: Lehigh
- Directions: From I-22 take 7th St towards Allentown. Property on the corner of Greenleaf intersection
- Source Property Type: Residential
- Area: Allentown-Central
- Property Subtype: townhouse
- Source Neighborhood: Not in Development
- Ownership Type: Fee Simple
- Parcel Number: 549794199683 001
- Subdivision: Not in Development
- Zoning: R-Mh-Medium High Density
- Property Subtype: Apartment Style, Row-End Unit, Semi Detached/Twin
- Source System Name: C2C
Building and Construction
- Roof: Rubber
- House Style: Colonial
- Total Above Grade Sqft Area: 2828