1901 West Allen Street, Allentown City PA 18104 Photo 1 1901 West Allen Street, Allentown City PA 18104 Photo 2 1901 West Allen Street, Allentown City PA 18104 Photo 3 1901 West Allen Street, Allentown City PA 18104 Photo 4 1901 West Allen Street, Allentown City PA 18104 Photo 5 1901 West Allen Street, Allentown City PA 18104 Photo 6 1901 West Allen Street, Allentown City PA 18104 Photo 7 1901 West Allen Street, Allentown City PA 18104 Photo 8 1901 West Allen Street, Allentown City PA 18104 Photo 9

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1901 West Allen Street - Opportunity to own 2 high profile corners in the West End Theatre District w/7 units & 30 car parking lot. 1901 W. Allen St. and 1902 W. Allen St. being sold as a package. Combined Gross Income $116,887 - Combined Net Operating Income $80,061. ******* 1901 W. Allen St. Prime corner 5 unit building w/30 car parking lot. 2 commercial store fronts on the 1st flr w/3 apts. above. Each unit pays their own utilities & the building is fully occupied. New roof 2014. Gross Income w/CAM is $67,956 Total Expense: $24,876 (Taxes $13,176 - Ins. $2,500 - Maintenance $2,000 - Snow $5,000 - W & S $2,200) Net Operating Income $43,080 ******* 1902 W. Allen St. Prime corner w/2 commercial store fronts with additional income from rooftop billboards. Each tenant pays their own utilities & the building is fully occupied. Gross Income with CAM is $48,912 Total Expenses: $11,950 (Taxes $7,450 - Ins. $1,500 - Repairs $1,000 - Maintenance $1,500 - W & S $500.00) Net Operating Income $36,962

Listing information

  • MLS® ID: 570230
  • Year Built: 1930
  • New Construction: No
  • Lot Area: 0.33 Acres
  • School District: Allentown
  • Property ID: 104085706
  • Status: Active
  • Foreclosure: No
  • Lot Size: 120 x 100
  • Style: Multi-Family
  • Stories: 2
  • Total Square Footage: 7,580 ($131.91 per sq. foot)
  • County: Lehigh

Features

Area Allentown-West
Construction Brick
Cooling No Air, Central AC
Other ZoningCode - B-5 Urban Commerical, WaterSewer - 0, OtherExpenses - 0, OperatingExpense - 36826, NetIncome - 80061, Heat - 0, GrossIncome - 116887, Gas - 0, Electric - 0
Parking Paved Lot
PropertySubTypeCategory Row-End Unit, Detached, Commercial
Sewer Public
SpecialConditions Not Applicable
Water Public
Listed by Larry Ginsburg Team of Berkshire Hathaway HomeServices Regency Real Estate 610-432-5252