$255,000
$250,000
2.0%For more information regarding the value of a property, please contact us for a free consultation.
122 .5 North Franklin Street Allentown City, PA 18102
4 Beds
2 Baths
1,734 SqFt
Key Details
Sold Price $255,000
Property Type Condo
Sub Type Apartment Style,Converted
Listing Status Sold
Purchase Type For Sale
Square Footage 1,734 sqft
Price per Sqft $147
Subdivision Not In Development
MLS Listing ID 745870
Sold Date 11/08/24
Bedrooms 4
Full Baths 2
Year Built 1905
Annual Tax Amount $4,141
Property Description
Fantastic Allentown 2 unit near West Park -
- **Property Type**: 2-unit building in Allentown.
- **Rental Income**: Gross income of $29,856 and net income of $20,243.
- **Recently renovated 3-bedroom unit in excellent move-in condition and 1 bed 1 bath unit has had cosmetic upgrades in the last 2 years as well.
- **Interior Features**:
- Ceramic tiled kitchen and bathroom.
- Spacious rooms with replacement windows.
- Laminate floors for durability.
- **Utilities**: Separate gas, forced air heating systems.
- **Outdoor Features**: Private, fenced backyard.
- **Roof**: Newer rubber roof.
- **Investment Metrics**:
- Cap rate over 8%.
- Debt coverage ratio (DCR) over 1.35%.
Perfect turn key 2 unit with cashflow or a great "House Hack" opportunity to live in one unit and hedge out your mortgage with the rental income on the other unit. Do not wait on this property!
Location
State PA
County Lehigh
Area Allentown-Central
Interior
Cooling Window ACs
Exterior
Garage Spaces 2.0
Building
Sewer Public
Water Public
New Construction No
Schools
School District Allentown
Others
Financing Cash,Conventional,FHA,VA
Special Listing Condition Not Applicable
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Bought with IronValley RE of Lehigh Valley
