724 West Walnut Street, Allentown City PA 18101 Photo 1

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724 West Walnut Street - Turnkey - $61,656 Gross Income - $45,820 - Net Income, 8.81% CAP RATE. 8 unit building just .1 MILES from THE PPL CENTER and The Allentown City Center Redevelopment Zone. Situated on the corner of South Hall Street & Walnut Street. New roof recently installed and outside updated. All one bedroom apartments. Tenants pay all utilities, including electric baseboard heat. Strict policy - Showings only granted if a verifiable bank statement with contact information is provided or a pre-approval by a reputable local company, buyer must also provide BFP. Cash or Conventional only. SOLD AS IS, WHERE IS with NO WARRANTIES.

Listing information

  • MLS® ID: 602398
  • Year Built: 1880
  • Status: Active
  • Foreclosure: No
  • Estimated Annual Taxes: $8,836
  • Property ID: 104183875
  • Beds: 8
  • Stories: 3
  • Total Square Footage: 3,848 ($135.14 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

Features

Area Allentown-Central
Construction Brick, Aluminum
Cooling No Air
Features No Disclosure, Fire Escape
Other ZoningCode - B-2, WaterSewer - 1000, OtherExpenses - 0, OperatingExpense - 0, NetIncome - 45820, Heat - 0, GrossIncome - 61656, Gas - 0, Electric - 500
Parking None
PropertySubTypeCategory Complex, Apartment Style
Sewer Public
SpecialConditions Not Applicable
Water Public
Listed by Melissa Sterner of Berkshire Hathaway HomeServices Regency Real Estate 610-432-5252