$470,000
$479,000
1.9%For more information regarding the value of a property, please contact us for a free consultation.
334 Law Street Allentown City, PA 18102
10 Beds
6 Baths
3,528 SqFt
Key Details
Sold Price $470,000
Property Type Condo
Sub Type Apartment Style,Duplex/Both Halves,Row-End Unit
Listing Status Sold
Purchase Type For Sale
Square Footage 3,528 sqft
Price per Sqft $133
Subdivision Not In Development
MLS Listing ID 739226
Sold Date 07/19/24
Bedrooms 10
Full Baths 6
Year Built 1915
Annual Tax Amount $4,353
Lot Size 2,091 Sqft
Property Description
***Highest & Best due Tuesday (6/11) by 6pm*** Welcome to your next lucrative investment in the heart of a thriving rental market! This renovated 4-unit bldg offers an exceptional opportunity for any buyer. This property promises excellent rental income potential with a current annual income of $57,600, boasting a solid 10.25% cap rate: (2) 1BR/1BA apts at $900/mth & (2) 4BR/2BA apts at $1500/mth. Along with new siding & roof, all of the 4 units have been renovated: updated kitchens/bathrooms, flooring, new HW tanks + clear City CO. Located in a sought-after rental market area, this property benefits from high demand for quality housing. With a strong tenant pool & consistent rental history, you can expect minimal vacancies & reliable income streams. Whether you're an experienced investor or a first-time buyer, this turnkey property offers a hassle-free investment opportunity. With renovations already completed & tenants in place, you can start generating income from day one. Generating an impressive $57,600 in annual income at a 10.25% cap rate, this property offers a solid return on investment. With potential for future rent increases & appreciation you can capitalize on the steady growth of the local rental market. Close to amenities, public transportation & major roads, this property offers convenience & accessibility for tenants. From shopping & dining options to parks & entertainment, everything tenants need is within reach.
Location
State PA
County Lehigh
Area Allentown-Central
Interior
Cooling No Air
Exterior
Garage Spaces 2.0
Building
Story 3.0
Sewer Public
Water Public
New Construction No
Schools
School District Allentown
Others
Financing Cash,Conventional
Special Listing Condition Not Applicable
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Keller Williams Real Estate