902 West Walnut Street 904, Allentown City PA 18102 Photo 1 902 West Walnut Street 904, Allentown City PA 18102 Photo 2 902 West Walnut Street 904, Allentown City PA 18102 Photo 3 902 West Walnut Street 904, Allentown City PA 18102 Photo 4 902 West Walnut Street 904, Allentown City PA 18102 Photo 5 902 West Walnut Street 904, Allentown City PA 18102 Photo 6 902 West Walnut Street 904, Allentown City PA 18102 Photo 7 902 West Walnut Street 904, Allentown City PA 18102 Photo 8 902 West Walnut Street 904, Allentown City PA 18102 Photo 9 902 West Walnut Street 904, Allentown City PA 18102 Photo 10

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902 West Walnut Street - Turn key cash flowing 3-unit fully occupied multi-family PLUS commercial auto garage included in deed. Top Rents due to condition and location. Long term leases w/ immediate re-rents. Thousands in upgrades to exterior/interior. Upgraded and separate utilities. Remodeled units. Low upkeep. Possible owner financing with 30% down. Property is located across from the Landmark Building which will be the tallest building in the Lehigh Valley and w/in walking distance to the PPL Center, Allentown Brew Works, and the Butz Building. Close proximity to rt 22/78. Auto garage was previously rented at $1400/mo. The garage combined w/ the multi-family rent equal a high cap rate. The above factors combined propose a strong investment. 3-unit multi-family is clean, boasts large bedrooms, and is well maintained. If tenants move out, the re-rents can be raised significantly. Combine the re-rents with a quick renovation and this property will significantly increase gross/net incomes.

Listing information

  • MLS® ID: 542932
  • Status: Active
  • Foreclosure: No
  • Lot Size: 4574
  • School District: Allentown
  • Style: Commercial
  • Stories: 0
  • Total Square Footage: 3,130 ($186.90 per sq. foot)
  • Estimated Annual Taxes: $5,885
  • Year Built: 1920
  • New Construction: No
  • Lot Area: 0.11
  • County: Lehigh

Features

Area Allentown Central
Ceiling 0 9 Feet, 10 12 Feet, 13 15 Feet
Construction Brick
Cooling Ceiling Fan, Window Ac
Location Corner
Parking Off Site
Potential Use Apartments, Auto Service
Property Category Apartment Building, Commercial, Garage
Sewer Public
Special Sale Conditions Not Applicable
Surface Type Black Top, Other
Water Public
Listing Courtesy of Keller Williams Real Estate