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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!
| DAYS ON MARKET | 19 | LAST UPDATED | 5/6/2025 |
|---|---|---|---|
| TRACT | Not in Development | YEAR BUILT | 0 |
| COMMUNITY | Allentown-Central | COUNTY | Lehigh |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| School District | Allentown |
|---|
| PRICE HISTORY | |
| Prior to May 6, '25 | $649,900 |
|---|---|
| May 6, '25 - Today | $649,000 |
| ADDITIONAL DETAILS | |
| AIR | Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Allentown-Central |
| CONSTRUCTION | Brick |
| EXTERIOR | Balcony |
| LOT | 2091 sq ft |
| SEWER | Public Sewer |
| SUBDIVISION | Not in Development |
| TAXES | 3467.65 |
| WATER | Public |
| ZONING | R-Mh-Medium High Density Residential |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
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*Estimate only
Listed with Reinvest Real Estate LLC
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