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Mike Smutz

mike@mikesmutz.com +1(610) 839-7654

$364,900

Est. payment - /mo

2,328 SqFt

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UPDATED:

Key Details

Property Type Townhouse

Sub Type Townhouse

Listing Status Pending

Purchase Type For Sale

Square Footage 2,328 sqft

Price per Sqft $156

Subdivision Old Allentn Historic

MLS Listing ID 772885

Construction Status Unknown

HOA Y/N No

Year Built 1890

Annual Tax Amount $2,708

Lot Size 1,829 Sqft

Acres 0.042

Property Sub-Type Townhouse

Property Description

Located in the historic Old Allentown Historic District, this THREE-UNIT INVESTMENT property presents a fantastic value-add opportunity for investors or owner-occupants looking to build equity while generating income. With solid fundamentals and potential room to increase rents and reduce expenses over time, this property offers strong opportunity for improved cash flow. The first unit is a studio apartment featuring an eat-in kitchen, full bathroom, and direct access to the backyard. This unit also has convenient access to the full basement, providing additional storage and utility space. The second and third units are both tenant-occupied, each offering two bedrooms and one full bathroom. These units provide comfortable layouts and stable rental income, making them appealing for long-term tenants. The property includes gas heat, three electric meters, and an electric panel in the basement with individual panels serving each unit. Tenants will also appreciate the two off-street parking spaces located at the rear of the property, a valuable feature in the downtown area. Selling with a CLEAR CO! Ideally situated just minutes from schools, restaurants, shops, and everything downtown Allentown has to offer, this property combines historic neighborhood charm with strong investment potential. Whether you're expanding your portfolio or entering the multi-unit market, this Old Allentown property is full of possibilities. Property offers over 8% CAP Rate!

Location

State PA

County Lehigh

Area Allentown-Central

Direction 22 to 15th St exit. Left onto Roth Ave, Right onto 12th St, property is on your right.

Interior

Heating Gas, Hot Water

Cooling None

Fireplace No

Exterior

Parking Features Off Street, Parking Pad, On Street

Water Access Desc Public

Total Parking Spaces 2

Building

Story 3

Sewer Public Sewer

Water Public

Construction Status Unknown

Schools

School District Allentown

Others

Senior Community No

Tax ID 549770818633001

Security Features Fire Escape

Energy Description 2172.0

Special Listing Condition None

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Listed by HowardHanna TheFrederickGroup

Nearby Locations

GET MORE INFORMATION

+1(610) 839-7654

mike@mikesmutz.com

http://www.mikesmutz.com/

Office No. 873 325-41 Chestnut St, Ste 800, Philadelphia, PA, 19106

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142 N 12th ST Allentown City, PA 18102