175 West Tilghman Street Open House Save Request In-Person Tour Request Virtual Tour
Allentown City,PA 18102
OPEN HOUSE
Sat Apr 05, 1:00pm - 3:00pm
Key Details
Property Type Condo, Commercial
Sub Type Apartment Style,Complex
Listing Status Active
Purchase Type For Sale
Square Footage 3,246 sqft
Price per Sqft $120
Subdivision Not In Development
MLS Listing ID 754602
Bedrooms 7
Full Baths 3
Half Baths 1
Year Built 1952
Lot Size 2,500 Sqft
Property Sub-Type Apartment Style,Complex
Property Description
Prime Investment Opportunity in the Heart of Allentown! This well-maintained, high-performing 3-unit property offers immediate cash flow, strong equity potential, and minimal landlord expenses, making it a rare and lucrative find. Ideally located next to the city's exciting waterfront redevelopment, it provides unbeatable access to major roadways, top-rated dining, entertainment, and both public and private schools. The first unit is a spacious 4-bedroom, 1.5-bath home, rented to a long-term tenant at $1,781/month, while the second unit features a charming 2-bedroom, 1-bath layout, currently leased at $875/month. The third unit, a cozy 1-bedroom, 1-bath apartment, sits above a 1-car garage, renting for $1,150/month, with potential to add even more value by utilizing the garage for extra parking or storage income. With stable, guaranteed rental income from two assisted leases and additional room for rent increases, this low-maintenance, well-situated property is a fantastic opportunity for both seasoned and first-time investors. Don't miss out on this exceptional investment—it won't last long!
Location
State PA
County Lehigh
Area Allentown-Central
Interior
Cooling No Air
Exterior
Garage Spaces 1.0
Building
Story 3.0
Sewer Public
Water Public
New Construction No
Schools
School District Allentown
Others
Financing Cash,Conventional
Special Listing Condition Not Applicable