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Mike Smutz

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

$289,900

Est. payment - /mo

3 Beds

2 Baths

1,918 SqFt

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UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Pending

Purchase Type For Sale

Square Footage 1,918 sqft

Price per Sqft $151

Subdivision Not In Development

MLS Listing ID 775224

Bedrooms 3

Full Baths 2

HOA Y/N No

Year Built 1915

Annual Tax Amount $3,034

Lot Size 1,916 Sqft

Acres 0.044

Property Sub-Type Apartment

Property Description

9.78% CAP RATE | 8.42 GRM. Secure immediate, high-yield cash flow with this fully stabilized, turnkey duplex designed for a great buy-and-hold investor. Featuring a 2BR/1BA and a 1BR/1BA unit, this asset is occupied by long-term tenants at current market rates, ensuring a seamless ownership transfer. Engineered for a low-CAPEX decade, the property has undergone a comprehensive renovation including a newly replaced roof, new windows, all-new appliances, new flooring, and professional interior/exterior paint. Operational efficiency is maximized via a management-light, all-electric configuration with fully separated meters, insulating the owner from utility overhead. Positioned in a high-density urban corridor, the asset includes the rare competitive advantage of dedicated on-site parking, driving long-term tenant retention and appreciation. This is a clinical, high-performance addition to any portfolio, offering superior yield with zero deferred maintenance! ¡Se Habla Español! Please do not disturb tenants!

Location

State PA

County Lehigh

Area Allentown-East

Direction Head US-22 E, take the Fullerton Ave Exit, Turn right onto Fullerton Ave, Turn left on Jordan Dr, Turn left onto E Hamilton st Bridge & continue for about a mile, Property will be on your right on the corner of E Hamilton st and S Brook st.

Interior

Heating Baseboard, Electric

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

Parking Features Off Street, Parking Pad

Water Access Desc Public

Total Parking Spaces 4

Building

Story 3

Sewer Public Sewer

Water Public

Schools

School District Allentown

Others

Senior Community No

Tax ID 640772171251-001

Special Listing Condition None

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Listed by Light House Realty LV LLC

Nearby Locations

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+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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240 E HAMILTON ST Allentown City, PA 18109