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: 552283
  • Beds: 7
  • Stories: 3
  • Total Square Footage: 3,130 ($186.90 per sq. foot)
  • Estimated Annual Taxes: $5,885
  • Subdivision: Not in Development
  • Style: Multi-Family
  • Baths: 4 (Full: 4 3/4: 0 1/2: 0 Other: 0)
  • New Construction: No
  • Lot Area: 0.11
  • County: Lehigh
  • Year Built: 1920
  • Status: Active
  • Foreclosure: No
  • Lot Size: 4574
  • School District: Allentown

Features

Area Allentown Central
Construction Brick
Cooling Ceiling Fan, Window Ac
Other Electric - 1080, Gas - 0, Gross Income - 43200, Heat - 0, Net Income - 33514, Operating Expense - 0, Other Expenses - 0, Water/Sewer - 0, Zoning Code - B-2
Parking Garage, Off Site
Property Category Apartment Style, Commercial, Row Townhouse
Sewer Public
Special Sale Conditions Not Applicable
Water Public
Listing Courtesy of Keller Williams Real Estate