$492,000
$492,000
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763 South 8th Street Allentown City, PA 18103
6 Beds
3 Baths
3,198 SqFt
Key Details
Sold Price $492,000
Property Type Condo
Sub Type Apartment Style
Listing Status Sold
Purchase Type For Sale
Square Footage 3,198 sqft
Price per Sqft $153
Subdivision Not In Development
MLS Listing ID 741659
Sold Date 11/04/24
Style Colonial
Bedrooms 6
Full Baths 3
Abv Grd Liv Area 3,198
Year Built 1910
Annual Tax Amount $4,072
Lot Size 2,200 Sqft
Property Description
Discover this well maintained 3-unit investment property, perfectly situated in a strategic location. Each unit boasts 2 bedrooms and 1 bathroom, living room, kitchen and a covered front deck, offering comfortable and spacious living. Currently, Units #1 and #3 are rented, while Unit #2 is vacant and ready for occupancy.
This property presents a unique opportunity: to live in Unit 2 rent-free while the rental income from Units 1 and 3 covers your mortgage. Alternatively, rent out all three units and enjoy a substantial annual income of approximately $54,600. This versatile investment combines convenience, comfort, and excellent financial returns of 11%, aprox. Don't miss out on this exceptional opportunity!
Location
State PA
County Lehigh
Area Allentown-South
Rooms
Basement Full, Outside Entrance, Walk-Out
Interior
Hot Water Electric
Heating Baseboard, Electric
Cooling None
Flooring Hardwood, Laminate/Resilient
Exterior
Exterior Feature Balcony, Covered Deck
Garage Detached, Off & On Street
Pool Balcony, Covered Deck
Building
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 IronValley RE of Lehigh Valley
