729 Chestnut Street, Allentown City PA 18102 Photo 1

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729 Chestnut Street - ATTENTION INVESTORS. Three Bedroom/One Bath row home bringing a CAP Rate of 11%! Current tenant is paying $985 per month plus all utilities. Property is being sold "as is" but has a clear CO from the City of Allentown. Located in the B-2 Central Business District this property brings lots of future potential. Only a short walk to PPL Center, bus terminal, shopping and restaurants. ALSO BEING OFFERED AS A PACKAGE DEAL w/ MLS # 580553 and 583633 for $210,000...all three properties on one street! Total rents are $3075 monthly for all three-- which yields over a 14% CAP Rate!!!

Listing information

  • MLS® ID: 580552
  • Beds: 3
  • Stories: 0
  • Total Square Footage: 1,188 ($61.36 per sq. foot)
  • County: Lehigh
  • Style: Multi-Family
  • Baths: 1 (Full: 1 3/4: 0 1/2: 0 Other: 0)
  • New Construction: No
  • Lot Area: 0.02 Acres
  • School District: Allentown
  • Year Built: 1905
  • Status: Active
  • Foreclosure: No
  • Estimated Annual Taxes: $1,790
  • Subdivision: Not in Development

Features

Area Allentown Central
Construction Brick
Cooling No Air
Other Electric - 0, Gas - 0, Gross Income - 11820, Heat - 0, Net Income - 9145, Operating Expense - 0, Other Expenses - 0, Water/Sewer - 0, Zoning Code - R-Mh-Medium High
Parking None
Property Category Row Townhouse
Sewer Public
Special Sale Conditions Not Applicable
Water Public
Listing Courtesy of Bhhs Fox & Roach - Coopersburg