Just Listed
Address
1 ALLENTOWN PORTFOLIO Allentown, PA
Price
$ 800,000
Property Attributes
  • MLS#654536
  • TypeMulti-Family
  • CountyLEHIGH
  • CityAllentown
  • AreaAllentown-Central
  • NeighborhoodNot in Development
  • Zip18101
  • StyleApartment Style,Row-End Unit
  • Price$ 800,000
  • Bedrooms23
  • Full Bathrooms10
  • Half Bathrooms0
Listing Provided Courtesy Of:
EXP Realty LLC
Property Description

COVID PROOF portfolio with strong, consistently paying tenant. $102,600 GROSS INCOME, $81,915 NET INCOME, 10.24% CAP @ $800K asking price ($875K sold separately). This turnkey, cash flowing, fully occupied, 9 UNIT MULTI-FAM portfolio has been updated for this sale including updated boilers, preventative maintenance, some new roofs, fresh paint, newer carpeting, and some renovated kitchens. Tenant pays all utilities, including water/sewer. Extremely well maintained with a strong property management company. VALUE ADD - rents are well below market and can be significantly raised. All tenants have paid through COVID for this owner's portfolio. This portfolio includes: 1016 Spring Garden st (1 unit), 821 W Cedar st (1 unit), 750 N 11th st (1 unit), 809 6th st (1), 742 N 6th (4 unit), & 201 S Madison (2 units).

Price History
11/20/2020 Listed $800,000

General Features

Construction Brick, Shingle, Vinyl
Cooling Central AC, Wall AC
County Lehigh
Electric 1
Parking Garage, Off Site, Paved Lot
Parking Spaces 10
School District Allentown
Sewer Public
Subdivision Not in Development
Water Public
Water/Sewer 1
Zoning Code Residential

Interior Features

Gas 1
Heating 1

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 18101

Price
AVG $1.05M
$800K
Visits
AVG 19
96
Year Built
AVG 1905
1975

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