Address
754 North 4Th Street, Allentown, PA
Price
$ 1,100,000
Property Attributes
  • MLS#732690
  • TypeMulti-Family
  • CountyLEHIGH
  • CityAllentown
  • AreaAllentown-Central
  • NeighborhoodNot in Development
  • Zip18102
  • StyleApartment Style,Complex
  • Year Built1950
  • Taxes$ 8421
  • Price$ 1,100,000
  • Bedrooms12
  • Full Bathrooms6
  • Half Bathrooms0
  • Sqr Footage6780
Data Source:
Greater Lehigh Valley MLS (GLVMLS)
Property Description

$108,000 Gross Income, $90,679 Net Income, 8.2% Cap. These prideful owners have invested hundreds of thousands to completely renovate this fully occupied, cash-flowing, turnkey, 6-unit, garden-style apartment building. All 6 units have been FULLY updated from top to bottom with fresh paint, new flooring, new energy-efficient windows, newly tiled bathrooms, and all-new kitchens. Each unit has a massive floorplan, tons of sunlight, and are all 2BR, 1BA. The building features ALL-BRICK construction, has had a total facelift including a facade, and has a very well-maintained roof. Tenants pay all utilities and include reimbursement of $40/mo per unit for water/sewer. These are great tenants, have been there for over a year and treat their apartments beautifully. ALL Leases are $1500 with room to grow. It is rare to find this type of property in downtown as many properties have been purchased by out-of-state (NYC) investors. Located in downtown Allentown, next to the city center, and within walking distance of all attractions, restaurants, sports games, and near all interstates. The ownership group is listing over 25 multi-family units available in addition to this property. *Seller is a licensed real estate agent. *** PROJECTIONS are over $118,000 with slightly higher rents***

Price History
2/12/2024 Listed $1,100,000

General Features

Sewer Public
Construction Brick,Other
Cooling Wall AC
Water Public
Water/Sewer 1400
Electric 500
Subdivision Not in Development
County Lehigh
Zoning Code R-MH-MEDIUM HIGH DENSITY RESIDENTIAL
School District Allentown

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 18102

Price
AVG $350K
$1.1M
Taxes
AVG $3,435
$8,421
Visits
AVG 98
26
Data Provided by Inside Real Estate®
Year Built
AVG 1898
1950

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