1043 - 1053 East Chew Street Allentown City, PA 18109

Multiple offers received, no more showings. FULLY OCCUPIED 12 unit garden-style apartment complex in desirable East Allentown location. Property consists of two identical 6-unit, 2-story brick buildings, each with two 1-bedroom apartments & four 2-bedroom apartments. Attractive, easy to rent apartments all with separate entrances, spacious layouts, exposed brick walls in the living space, and private covered porches/balconies. Each building also includes common areas, tenant storage, & separate owner storage in the lower level. Current gross rents are over 135k/year with approx. 95k/ year NOI. Plenty of "value add" potential could easily increase gross rents to 150k+/year and NOI above 110K/year with minimal investments. recent capital improvements include new façades, gutters, sidewalks, exterior doors, and a clear c/o from the City of Allentown. *Owners are PA licensed Realtors.