UPDATED:
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Pending
Purchase Type For Sale
Subdivision Not In Development
MLS Listing ID 778222
Bedrooms 5
Full Baths 3
HOA Y/N No
Year Built 1890
Annual Tax Amount $2,426
Lot Dimensions 2260
Property Sub-Type Apartment
Property Description
The property includes a single-family home at 318 and a separate two-unit building at 320. Two units are currently rented, and one unit is vacant. This makes it a great option for an owner-occupant buyer who wants to live in one unit and collect rent from the other two.
Two of the apartments were recently updated, which helps make the property more attractive to tenants. Water, electric, and heat are separate and paid by the tenants, helping keep landlord expenses low.
The property is located close to the PPL Center and downtown Allentown, with easy access to restaurants, entertainment, and local businesses. With rental income already in place, one vacant unit, recent updates, and tenant-paid utilities, this property is a good fit for both investors and owner-occupants.
Location
State PA
County Lehigh
Area Allentown-Central
Direction From Route 22, take the 7th Street exit toward Allentown and head south into Center City. Continue on N 7th Street—318 N 7th Street will be on your right near the downtown Allentown business district.
Interior
Heating Baseboard
Cooling None, Wall/Window Unit(s)
Fireplace No
Exterior
Water Access Desc Public
Total Parking Spaces 3
Building
Story 2
Sewer Public Sewer
Water Public
Level or Stories Two and One Half
Schools
School District Allentown
Others
Senior Community No
Tax ID 640702301773 1
Special Listing Condition None