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Mike Smutz

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

$649,900

Est. payment - /mo

6 Beds

5 Baths

4,120 SqFt

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UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 4,120 sqft

Price per Sqft $157

Subdivision Not In Development

MLS Listing ID 779785

Bedrooms 6

Full Baths 3

Half Baths 2

HOA Y/N No

Year Built 1904

Annual Tax Amount $7,895

Lot Size 2,657 Sqft

Acres 0.061

Property Sub-Type Apartment

Property Description

This 5-unit mixed-use property offers two buildings on a single deed and a diversified income mix just a few blocks from the Allentown Waterfront development already reshaping this corridor. Unit 1 is a bar/restaurant with 2 bathrooms, Unit 2 is a mini mart, Unit 3 is a 1-bedroom/1-bathroom apartment currently owner-occupied and will be delivered at closing, Unit 4 is a 3-bedroom/1-bathroom apartment currently tenanted, and Unit 5 is a 3-bedroom/1-bathroom apartment currently tenanted with water included in the rent. The commercial spaces will be delivered vacant of business operations, giving a new owner a clean slate to operate, re-lease, or explore alternative uses with the city. With five diverse income streams under one deed, the upside potential here is significant for the right investor. Liquor license does not convey and must be obtained separately. This property has been family-owned for generations, the current owner is ready to retire and motivated to close. Do not let this one pass you by.

Location

State PA

County Lehigh

Area Allentown-Central

Direction On 4th and Tilghman heading north, turn right onto Tilghman Street. The property is on your left at the corner of Tilghman and Jordan.

Interior

Interior Features Wired for Data

Heating Gas

Cooling Central Air, Wall Unit(s), Wall/Window Unit(s)

Fireplace No

Exterior

Utilities Available Cable Available

Water Access Desc Public

Building

Sewer Public Sewer

Water Public

Schools

School District Allentown

Others

Senior Community No

Tax ID 640714779487-1

Energy Description 1400.0

Special Listing Condition None

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Listed by EXP Realty LLC

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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701 N Jordan ST Allentown City, PA 18102