Skip To Content
    Return to Previous Page

    130 S 7th

    Allentown City, PA 18101
    • $4,900,000
    • STATUS: Available
    • ON SITE: 130 days
    • ID#: 643339
    UPDATED: 67 min ago
    $4,900,000
    • 0
      BEDS
    • 0.49
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    School District:

    Description

    Join the downtown redevelopment revolution. This would be a great redevelopment site for new residential and commercial units. Currently rents are generating close to $186,000 net after expenses.Approximately .5 acre redevelopment site for sale. Additional lots can purchased for a total of .75 acres. Proposed 10 story parking deck going up next door. Developer could potentially partner with Allentown Parking Authority and lease decks for parking. Property is in the Opportunity Zone which qualifies for special loans and financing. Over 250 new upscale apartments nearly finished 1/2 block away. Property currently generates income from 20 units. Please call agent/owner for details and more information. Seller is a PA Realtor.

    Monthly Payment Calculator



    © 2020 Greater Lehigh Valley REALTORS® All Rights Reserved. Based on information from the Greater Lehigh Valley REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Real Estate. Data last updated 2020-12-02T20:12:57.963.
    www.seeinsidethehouse.com/homes/108216327
    Print Image

    130 S 7th Allentown City, PA 18101

    • Price: $4,900,000
    • Status: Available
    • Updated: 67 min ago
    • ID#: 643339
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.49
    Acres
    Neighborhood:
    Not In Development
    County:
    Lehigh
    Area:
    Allentown-South
    School District:
    Allentown
    Property Description
    Join the downtown redevelopment revolution. This would be a great redevelopment site for new residential and commercial units. Currently rents are generating close to $186,000 net after expenses.Approximately .5 acre redevelopment site for sale. Additional lots can purchased for a total of .75 acres. Proposed 10 story parking deck going up next door. Developer could potentially partner with Allentown Parking Authority and lease decks for parking. Property is in the Opportunity Zone which qualifies for special loans and financing. Over 250 new upscale apartments nearly finished 1/2 block away. Property currently generates income from 20 units. Please call agent/owner for details and more information. Seller is a PA Realtor.
    Exterior Features

    Construction AluminumBrickVinyl Parking Paved Lot Parking Spaces 14

    Interior Features

    Cooling No Air Heat Type Electric

    Property Features

    Electric 1000 Gas 0 Gross Income 250140 Heat 0 Lot Size Source Estimated Net Income 186140 Operating Expense 64000 Other Expenses 0 Possible Financing CashConventional Property Sub Type Category Apartment Style Sewer Public Special Conditions Not Applicable Total Taxes 25000.00 Water Public Water Sewer 7000 Year Built Exception New Construction Zoning Code B-2

    Listing provided courtesy of Addison Wolfe Real Estate.


    © 2020 Greater Lehigh Valley REALTORS® All Rights Reserved. Based on information from the Greater Lehigh Valley REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Real Estate. Data last updated 2020-12-02T20:12:57.963.
     
    https://bt-photos.global.ssl.fastly.net/lehigh/orig_boomver_1_643339-1.jpg
    Logo
    Keller Williams Real Estate
    6 State Route 173, Suite 202
    Clinton NJ, 08809