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OWN A CITY BLOCK generating $126,000 Gross Income & LOW expenses giving the lucky buyer a $105,441 NET INCOME. This property would be 10X if in NYC. This stunning, cash-flowing, turnkey, 7-unit investment property has gorgeous curb appeal and has been completely renovated from TOP to Bottom with NEW Hardwood Floors, New PEX plumbing, NEW Kitchens with new cabinets and mostly stainless steel appliances, New windows throughout, NEW Laundry Room, New roof, and Newly Paved PRIVATE Parking lot with Assigned spaces for the tenants. Each unit is massive and has a ton of sunlight. this property is extremely safe, is located next to a beautiful Church, the police station, and across from a massive parking garage that is used for the events held at the famous PPL center, home of the Phantoms bringing in hundreds of thousands of fans. This property has guaranteed appreciation and is already rented at high rents to great tenants. One day a massive developer is going to make an offer on this city block and you can get a lottery ticket in a few years while making cash flow and owning an iconic downtown city property. *One of the sellers is a licensed real estate agent.
| DAYS ON MARKET | 76 | LAST UPDATED | 3/17/2025 |
|---|---|---|---|
| TRACT | Not in Development | YEAR BUILT | 1900 |
| COMMUNITY | Allentown-Central | COUNTY | Lehigh |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| School District | Allentown |
|---|
| PRICE HISTORY | |
| Prior to Mar 17, '25 | $1,450,000 |
|---|---|
| Mar 17, '25 - Today | $1,395,000 |
| ADDITIONAL DETAILS | |
| AIR | Central Air, Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Allentown-Central |
| CONSTRUCTION | Brick |
| LOT | 2788 sq ft |
| SEWER | Public Sewer |
| STORIES | 3 |
| SUBDIVISION | Not in Development |
| TAXES | 9384 |
| WATER | Public |
| ZONING | B-2-CENTRAL BUSINESS |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
P
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*Estimate only
Listed with EXP Realty LLC
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This IDX solution is (c) Diverse Solutions 2025.
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