215 North Law Street, Allentown City PA 18102 Photo 1

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215 North Law Street - Turnkey - $11,400 Gross Income - $8,484 - Net Income, 13.57% HARD CAP RATE with management and maintenance included at $1000/year. Tenant is currently renting the property at $950.00 per month and pays all utilities including water, sewer, and trash. The owner is only liable for insurance, taxes, and minor operating costs. This 3 bedroom/1 bath row home located ONLY .5 MILES from THE PPL CENTER and The Allentown City Center Redevelopment Zone. The home features a large living room, dining room, and eat-in kitchen, hardwood floors and ample closets in the bedrooms. The home is close to amenities, shopping, and public transportation. 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: 602395
  • Year Built: 1895
  • Status: Active
  • Foreclosure: No
  • Lot Size: 14.39 X 66.25
  • School District: Allentown
  • Property ID: 104183855
  • Beds: 3
  • Stories: 3
  • Total Square Footage: 1,225 ($51.02 per sq. foot)
  • Estimated Annual Taxes: $1,317
  • Style: Multi-Family
  • Baths: 1 (Full: 1 3/4: 0 1/2: 0 Other: 0)
  • New Construction: No
  • Lot Area: 0.02 Acres
  • County: Lehigh

Features

Area Allentown-Central
Construction Stucco, Brick
Cooling No Air
Features Wash/Dry Hook-ups, Patio, No Disclosure
Other ZoningCode - R-Mh-Medium High Density Residential, WaterSewer - 0, OtherExpenses - 0, OperatingExpense - 100, NetIncome - 8484, Heat - 0, GrossIncome - 11400, Gas - 0, Electric - 0
Parking None
PropertySubTypeCategory Row/Townhouse
Sewer Public
SpecialConditions Not Applicable
Water Public
Listed by Melissa Sterner of Berkshire Hathaway HomeServices Regency Real Estate 610-432-5252