$250,000
$250,000
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123 N penn ST Allentown City, PA 18102
5 Beds
2 Baths
2,350 SqFt
Key Details
Sold Price $250,000
Property Type Townhouse
Sub Type Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 2,350 sqft
Price per Sqft $106
Subdivision Not In Development
MLS Listing ID 757918
Sold Date 08/15/25
Bedrooms 5
Full Baths 1
Half Baths 1
HOA Y/N No
Year Built 1890
Annual Tax Amount $2,489
Lot Size 1,960 Sqft
Acres 0.045
Property Sub-Type Townhouse
Property Description
Exceptional Investment Opportunity! Don't miss this 12% cap rate fully renovated 5-bedroom, 1.5-bath home, 1 car detached garage, beautifully updated in 2024 with brand-new windows, doors, flooring, fresh paint, and a modernized bathroom. Currently leased at $2,500/month with a one-year lease—tenants cover all utilities, keeping your operating costs impressively low. Located just minutes from vibrant downtown Allentown, with easy access to Starbucks, restaurants, shops, and major commuting routes. Whether you're expanding your portfolio or making your first investment, this property delivers strong cash flow and long-term value. Add this high-performing asset to your portfolio today! Home will come with clear CO.
Location
State PA
County Lehigh
Area Allentown-Central
Direction off tilghman st turn on 5th st heading south turn left on chestnut st turn left on penn st stop at 123 n penn st
Interior
Heating Baseboard
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features Detached, Garage
Water Access Desc Public
Total Parking Spaces 1
Garage Yes
Building
Story 3
Sewer Public Sewer
Water Public
Schools
School District Allentown
Others
Senior Community No
Tax ID 640721171189 001
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
Special Listing Condition None
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Bought with EXP Realty LLC