$915,000
$945,000
3.2%For more information regarding the value of a property, please contact us for a free consultation.
754 North 4th Street Allentown City, PA 18102
12 Beds
6 Baths
2,400 SqFt
Key Details
Sold Price $915,000
Property Type Commercial
Sub Type Complex,Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,400 sqft
Price per Sqft $381
Subdivision Not In Development
MLS Listing ID 737816
Sold Date 09/23/24
Bedrooms 12
Full Baths 6
Year Built 1900
Property Description
NEW PRICE ALL COMPLETED CITY CO. $108,000 Gross Income, $77500 Net Income, 8% hard Cap. These prideful owners have invested hundreds of thousands to completely renovate this fully occupied, cash-flowing, turnkey, 6-unit apartment building. All 6 units have been FULLY updated from top to bottom with fresh paint, new flooring, new energy-efficient windows, newly tiled bathrooms, and all-new kitchens. Each unit has a massive floorplan, tons of sunlight, and are all 2BR, 1BA. The building features ALL-BRICK construction has had a total facelift including a facade and has a very well-maintained roof. Tenants pay all utilities and include reimbursement. These are great tenants, have been there for over a year and treat their apartments beautifully. ALL Leases are $1500 with room to grow. It is rare to find this type of property in downtown as many properties have been purchased by out-of-state (NYC) investors. Located in downtown Allentown, next to the city center
Location
State PA
County Lehigh
Area Allentown-Central
Interior
Cooling Window ACs
Building
Sewer Public
Water Public
New Construction No
Schools
School District Allentown
Others
Financing Cash,Conventional
Special Listing Condition Not Applicable
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Bought with NON MBR Office