724 West Walnut Street, Allentown City PA 18101 Photo 1 724 West Walnut Street, Allentown City PA 18101 Photo 2

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724 West Walnut Street - Check out this fully occupied 8-unit building located just steps away from the PPL Center Arena. All tenants are on yearly leases. Situated on the corner of South Hall Street & Walnut Street. New roof recently installed, and outside updated. A great investment opportunity, this is your chance to get in on the action. This building includes 8 one bedroom apartments. Tenants pay all utilities, including electric baseboard heat. Call today to set up your showing. 24 hours notice to tenants is required. 9% Cap rate

Listing information

  • MLS® ID: 604248
  • Beds: 8
  • Stories: 3
  • Total Square Footage: 3,848 ($140.07 per sq. foot)
  • County: Lehigh
  • Style: Multi-Family
  • Baths: 8 (Full: 8 3/4: 0 1/2: 0 Other: 0)
  • New Construction: No
  • Lot Area: 0.04 Acres
  • School District: Allentown
  • Year Built: 1880
  • Status: Active
  • Foreclosure: No
  • Estimated Annual Taxes: $8,836
  • Subdivision: Not in Development

Features

Area Allentown Central
Construction Aluminum, Brick
Cooling No Air
Features Fire Escape, No Disclosure
Other Electric - 420, Gas - 0, Gross Income - 61656, Heat - 0, Net Income - 60000, Operating Expense - 0, Other Expenses - 0, Water/Sewer - 755, Zoning Code - B-2
Parking None
Property Category Apartment Style, Complex
Sewer Public
Special Sale Conditions Not Applicable
Water Public
Listing Courtesy of Keller Williams Real Estate