Allentown City, PA 18102,334 Law Street
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Allentown City, PA 18102,334 Law Street
Allentown City, PA 18102,334 Law Street
Allentown City, PA 18102,334 Law Street
Allentown City, PA 18102,334 Law Street

$470,000

Est. payment /mo

$479,000

1.9%
Est.Price: ?

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334 Law Street Allentown City, PA 18102

10 Beds

6 Baths

3,528 SqFt

SOLD DATE : 07/19/2024

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

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First Heritage Realty Alliance

First Heritage Realty Alliance

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Listed by IronValley RE of Lehigh Valley
Bought with Keller Williams Real Estate

First Heritage Realty Alliance

+1(267) 525-7900

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