$585,000
$650,000
10.0%For more information regarding the value of a property, please contact us for a free consultation.
1502 Chew Street Allentown City, PA 18102
7 Beds
7 Baths
Key Details
Sold Price $585,000
Property Type Condo
Sub Type Apartment Style,Complex,Mixed Use
Listing Status Sold
Purchase Type For Sale
Subdivision West Park Historic
MLS Listing ID 735308
Sold Date 09/16/24
Bedrooms 7
Full Baths 7
Year Built 1913
Property Description
Invest in a distinguished 5-unit mixed-use building, marrying historical significance with modern living. Property hosts four residential units boasting updated interiors and contemporary comforts—three 2-bedroom apartments and one 1-bedroom apartment, each with their own unique appeal. All residences are responsible for their electricity. Anchoring this investment is commercial space on the ground floor, previously a popular vegan dining venue, offering eat-in and take-out services.This space can not accommodate fryers, commercial vents or grills. Poised for growth, the property currently has below-market rents, signaling potential for enhanced yield. *GROSS INCOME 81,000*53, 838 CURRENT NET, Its prime location stands out, situated in the historic West End and in close proximity to Muhlenberg College, healthcare facilities, and the Theater District. Residents have immediate access to public transit, diverse retail options, and a variety of eateries. This is an opportunity to secure an asset with both character and untapped financial promise in a vibrant neighborhood !!!!Click on video to view and schedule your appointment!
Location
State PA
County Lehigh
Area Allentown-West
Interior
Cooling No Air
Building
Story 3.0
Sewer Public
Water Public
New Construction No
Schools
School District Allentown
Others
Financing Cash,Conventional,Exchange
Special Listing Condition Not Applicable
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Bought with Weichert Realtors - Allentown