Views
Address
962 West Hamilton Street Allentown, PA
Price
$ 650,000
Property Attributes
  • MLS#658226
  • TypeMulti-Family
  • CountyLEHIGH
  • CityAllentown
  • AreaAllentown-Central
  • NeighborhoodNot in Development
  • Zip18101
  • StyleApartment Style,Commercial,Mixed Use
  • Year Built1900
  • Taxes7240
  • Price$ 650,000
  • Bedrooms3
  • Full Bathrooms3
  • Half Bathrooms0
  • Sqr Footage3264
  • Lot Size7,100 SqFt
Listing Provided Courtesy Of:
EXP Realty LLC
Data Source:
Greater Lehigh Valley REALTORS
Property Description

DOWNTOWN Allentown holds the most UNIQUE NIZ/OPPORTUNITY ZONE TAX INCENTIVES for investors/developers IN AMERICA, reducing/returning financial liabilities & raising revenues (docs in images) $54,000 GROSS, $43,160 NET, 6.64% CAP RATE @ ASKING. VALUE ADD, 4-UNIT, cash-flowing, fully occupied, MIXED MULTI-FAMILY situated on a 7,100SF lot in downtown. Building totals 3,260+SF with 30 paved parking spaces. LOW RENTS - All units have been updated over the years. ALTERNATIVELY - REDEVELOP FOR MAJOR NIZ/OPP ZONE INCENTIVES, e.g., professional offices or hotel. Neighboring DEVELOPER is currently completing a MULTI-MILLION, 5-STORY, 78-unit apartment building at 950-956 West Hamilton (see renderings/images). Property is located .25 miles from PPL event center and the burgeoning Allentown downtown redevelopment. THIS BUILDING IS available with 960 W Hamilton (connected) or available with 20MM+ downtown portfolio. See images for NIZ benefits. See Aerial drone & VIRTUAL TOUR to view the property.

Price History
1/28/2021 Listed $650,000

General Features

Construction Brick
Cooling Wall AC
County Lehigh
Electric 400
Parking Off Site, Paved Lot
Parking Spaces 30
School District Allentown
Sewer Public
Subdivision Not in Development
Water Public
Water/Sewer 600
Zoning Code B-2-CENTRAL BUSINESS

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • 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 $3.91M
$650K
Taxes
AVG $39,185
$7,240
Visits
AVG 33
16
Year Built
AVG 1900
1900
Walkscore
AVG 89
85
Data Provided by Walkscore ® not using MLS data

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