Address
960 West Hamilton Street Allentown, PA
Price
$ 850,000
Property Attributes
  • MLS#658230
  • TypeMulti-Family
  • CountyLEHIGH
  • CityAllentown
  • AreaAllentown-Central
  • NeighborhoodNot in Development
  • Zip18101
  • StyleCommercial,Mixed Use,Row/Townhouse
  • Year Built1900
  • Taxes8137
  • Price$ 850,000
  • Bedrooms4
  • Full Bathrooms2
  • Half Bathrooms0
  • Sqr Footage5300
  • Lot Size5,053 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). $40,632 GROSS, $36,132 NET, 4.26% CAP RATE @ ASKING. VALUE ADD, 3-UNIT, cash-flowing, fully occupied with LONG term commercial, MIXED MULTI-FAMILY situated on a 5,053SF lot in downtown. Building totals 5,300+SF with 15 paved parking spaces in rear. 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 962 W Hamilton (connected) or available with 20MM+ downtown portfolio. See images for NIZ benefits. MUST SEE MEDIA.

Price History
1/28/2021 Listed $850,000

General Features

Construction Brick
Cooling Wall AC
County Lehigh
Electric 390
Features Balcony, Fire Escape, Hardwood
Parking Paved Lot
Parking Spaces 15
School District Allentown
Sewer Public
Subdivision Not in Development
Water Public
Water/Sewer 900
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 $3.92M
$850K
Taxes
AVG $42,653
$8,137
Visits
AVG 30
22
Year Built
AVG 1901
1900
Walkscore
AVG 90
85
Data Provided by Walkscore ® not using MLS data

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