$370,000
$329,000
12.5%For more information regarding the value of a property, please contact us for a free consultation.
235 North 12th Street Allentown City, PA 18102
6 Beds
3 Baths
2,824 SqFt
Key Details
Sold Price $370,000
Property Type Commercial
Sub Type Row-End Unit
Listing Status Sold
Purchase Type For Sale
Square Footage 2,824 sqft
Price per Sqft $131
Subdivision Old Allentn Historic
MLS Listing ID 730522
Sold Date 03/11/24
Bedrooms 6
Full Baths 3
Year Built 1905
Annual Tax Amount $3,660
Lot Size 2,200 Sqft
Property Description
**MULTIPLE OFFERS HIGHEST AND BEST DUE MONDAY NIGHT 1/22** Introducing a turn-key investment opportunity in the Old Allentown Historic District. Choose your tenants! This 4-unit property is ready for immediate occupancy and is being offered with a **CLEAR CERTIFICATE OF OCCUPANCY** from the city of Allentown! This freshly remodeled brick end unit has architectural charm and great unit layouts. There are 3 spacious residential units and a large 2-car garage. **ESTIMATED 10.5% CAP RATE** based on market rates. 2-bedroom unit on the 1st floor, 3-bedroom unit on the 2nd, and 1-bedroom unit on the 3rd floor. Recent renovations include updated kitchens, fresh paint, mostly new flooring, and all new outlets/switches throughout. This property also features 2 additional parking spaces behind the garage, a small fenced-in yard, 4 separate electrical meters, and 3 gas meters. The large semi-finished basement presents an opportunity for extra storage or the addition of a common laundry area. Don't miss this gem, schedule your showing now!
Location
State PA
County Lehigh
Area Allentown-Central
Interior
Cooling Window ACs
Exterior
Garage Garage
Garage Spaces 4.0
Building
Story 3.0
Sewer Public
Water Public
New Construction No
Schools
School District Allentown
Others
Financing Cash,Conventional,FHA,VA
Special Listing Condition Estate
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Bought with Century 21 Ramos Realty