$370,000
$350,000
5.7%For more information regarding the value of a property, please contact us for a free consultation.
301 North Halstead Street Allentown City, PA 18109
4 Beds
2 Baths
2,020 SqFt
Key Details
Sold Price $370,000
Property Type Commercial
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,020 sqft
Price per Sqft $183
Subdivision Not In Development
MLS Listing ID 738405
Sold Date 06/28/24
Bedrooms 4
Full Baths 2
Year Built 1987
Annual Tax Amount $3,990
Lot Size 3,711 Sqft
Property Description
*** HIGHEST AND BEST OFFERS DUE TUES 5/28 at 12pm *** 2 UNITS! CASH FLOWING KING. Check out this rare opportunity on a corner lot in East Allentown. This property is a raised ranch/split level detached building set up as (2) 2 bedroom, 1 bath units with one on each level. The units are identical in layout. Each unit features a private entrance, outdoor covered patio space, separate off street parking, small yard to share, updated kitchens and recently painted and refreshed for the new owner. The generous open concept style layout is perfect to entertain. The main bedroom in each unit is large enough for a king sized bed too. The home features separate electric service (electric baseboard heat/electric hot water heat) and one water/sewer service. Each unit has a washer dryer hookup on the laundry/storage room. Awesome potential to live in one while the other pays for most of your mortgage. Last rentals were $1,700 for the 1st floor and $1,750 for the second floor. Pro Forma rent roll would put this at $3,700 per month gross income if both are rented. Opportunity is knocking with a projected cap rate of 10.7%!! This will not last long. Possible FHA, VA, Cash or Conventional buyers considered.
Location
State PA
County Lehigh
Area Allentown-East
Interior
Cooling Wall AC
Exterior
Garage Spaces 4.0
Building
Story 2.0
Sewer Public
Water Public
New Construction No
Schools
School District Allentown
Others
Financing Cash,Conventional,FHA,VA
Special Listing Condition Not Applicable
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Bought with IronValley RE of Lehigh Valley