$340,000
$359,000
5.3%For more information regarding the value of a property, please contact us for a free consultation.
1124 Linden Street Allentown City, PA 18102
5 Beds
4 Baths
2,583 SqFt
Key Details
Sold Price $340,000
Property Type Condo
Sub Type Apartment Style,Mixed Use,Office In Addition
Listing Status Sold
Purchase Type For Sale
Square Footage 2,583 sqft
Price per Sqft $131
Subdivision Not In Development
MLS Listing ID 739703
Sold Date 10/15/24
Bedrooms 5
Full Baths 4
Year Built 1900
Annual Tax Amount $4,609
Lot Size 3,659 Sqft
Property Description
Welcome to this well maintained 2-unit property nestled in a highly sought after neighborhood. This versatile property boasts 2 spacious apts & a storage space with ample square footage for all your storage needs. The detached 3-car garage adds convenience & value. The expansive 1st Fl apt features an open concept layout with a large eat-in kitchen/dining area flowing into a huge living room creating a perfect space for entertaining & family gatherings. This inviting layout ensures comfortable living with ample room for both relaxation & dining. The 2nd Fl apt offers generous living spaces with 2 full modern bathrooms, an updated kitchen & 4 sizable bedrooms. The apt also includes 2 spacious living areas providing flexibility for various living arrangements. Enjoy the outdoors with a walk-out deck which is perfect for relaxing or entertaining guests. This property is not only a comfortable residence but also a lucrative investment opportunity with a clear City CO. A gross income of $51,600 + net income of $45,000 this property boasts a remarkable cap rate of 12.5%. It's an excellent choice for first-time investors seeking a reliable income stream or a seasoned investors looking to expand their portfolio. Don’t miss out on this exceptional property that combines residential comfort & business potential!
Location
State PA
County Lehigh
Area Allentown-Central
Interior
Cooling Window ACs
Exterior
Garage Spaces 3.0
Building
Story 2.0
Sewer Public
Water Public
New Construction No
Schools
School District Allentown
Others
Financing Cash,Conventional
Special Listing Condition Not Applicable
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Bought with TSB Property