20 Unit Rental Portfolio

    Allentown City, PA 18102
    • $1,500,000
    • STATUS: Active
    • ON SITE: 88 days
    • ID#: 620339
    UPDATED: 48 min ago
    $1,500,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 23,458
      SQFT
    • $64
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1900
    County:

    School Ratings & Info

    School District:

    Description

    20 UNIT RENTAL PORTFOLIO / 100% OCCUPIED / TURNKEY - Heres your chance to be part of Allentown's revitalization. Offering for sale a 20 unit rental portfolio concentrated in one of the fastest growing markets. Under the same ownership for many years, this portfolio benefits from long term ownership with all units currently occupied. Offered at a 10%+ CAP with room to increase rents on some units. Located just blocks from the new downtown development and NIZ Improvement Zone which includes over 1 Billion Dollars of development - the PPL Event Center, Restaurants, Retail, Nightlife, and so much more. Contact listing agent more details.

    Monthly Payment Calculator



    © 2019 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 2019-11-17T13:12:58.72.
    www.seeinsidethehouse.com/homes/98134097

    20 Unit Rental Portfolio Allentown City, PA 18102

    • Price: $1,500,000
    • Status: Active
    • Updated: 48 min ago
    • ID#: 620339
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    23,458
    SQFT
    $64
    $/SQFT
    1900
    Built
    Neighborhood:
    Not In Development
    County:
    Lehigh
    Area:
    Allentown-Central
    School District:
    Allentown
    Property Description
    20 UNIT RENTAL PORTFOLIO / 100% OCCUPIED / TURNKEY - Heres your chance to be part of Allentown's revitalization. Offering for sale a 20 unit rental portfolio concentrated in one of the fastest growing markets. Under the same ownership for many years, this portfolio benefits from long term ownership with all units currently occupied. Offered at a 10%+ CAP with room to increase rents on some units. Located just blocks from the new downtown development and NIZ Improvement Zone which includes over 1 Billion Dollars of development - the PPL Event Center, Restaurants, Retail, Nightlife, and so much more. Contact listing agent more details.
    Exterior Features

    Construction BrickBrickoteFrameOther Parking None Parking Spaces 0

    Interior Features

    Cooling No Air Heat Type ElectricGas

    Property Features

    Electric 0 Gas 0 Gross Income 228180 Heat 0 Net Income 154551 Operating Expense 0 Other Expenses 0 Possible Financing CashConventional Property Sub Type Category Row/TownhouseSemi Detached/Twin Sewer Public Special Conditions Not Applicable Square Footage Source Tax Records Water Public Water Sewer 0 Zoning Code Mixed

    Listing provided courtesy of Bhhs Regency Real Estate.


    © 2019 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 2019-11-17T13:12:58.72.
     
    Keller Williams Real Estate
    6 State Route 173, Suite 202
    Clinton NJ, 08809