223 North Fountain Street Allentown City, PA 18102

*Prime Investment Opportunity!* Discover an exceptional investment opportunity with this well-maintained 5-unit property boasting an impressive cap rate of 11% generating $84,000 in gross income & $69,000 in net income. This property offers both immediate returns & long-term value! All units have been updated, featuring renovated kitchens, bathrooms, new flooring & new paint throughout. Each apartment offers ample space with generously sized bedrooms, efficient galley kitchens & comfortable living areas. Every unit is equipped with its own separate new hot water heaters & separate electic, ensuring convenience & efficiency. The property includes parking for up to 4 vehicles in the rear with additional paid parking available at the neighboring property behind the building. Situated close to the vibrant Hamilton District area, residents will enjoy easy access to retail shopping, a variety of restaurants, the PPL Arena, parks & public transportation. The current owner personally manages & maintains the property, ensuring it remains in excellent condition. This hands-on approach guarantees the building's upkeep & enhances tenant satisfaction. This property is a turnkey investment with solid returns & growth potential in a thriving area. Don’t miss your chance to own a well-cared-for, high-yield investment property in a prime location. Property has a clear certificate of occupancy from the City of Allentown.