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    960 W Hamilton Street

    Allentown City, PA 18101
    • $850,000
    • STATUS: Available
    • ON SITE: 12 days
    • ID#: 654142
    UPDATED: 31 min ago
    $850,000
    • 4
      BEDS
    • 0.12
      ACRES
    • 2
      BATHS
    • 0
      1/2 BATHS
    • 5,300
      SQFT
    • $160
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1900
    County:

    School Ratings & Info

    School District:

    Description

    DOWNTOWN Allentown holds the most UNIQUE NIZ/OPPORTUNITY ZONE TAX INCENTIVES for investors/developers IN AMERICA, reducing/returning financial liabilities & raising revenues (docs in images). $40,632 GROSS, $36,132 NET, 4.26% CAP RATE @ ASKING. VALUE ADD, 3-UNIT, cash-flowing, fully occupied with LONG term commercial, MIXED MULTI-FAMILY situated on a 5,053SF lot in downtown. Building totals 5,300+SF with 15 paved parking spaces in rear. LOW RENTS - All units have been updated over the years. ALTERNATIVELY - REDEVELOP FOR MAJOR NIZ/OPP ZONE INCENTIVES, e.g., professional offices or hotel. Neighboring DEVELOPER is currently completing a MULTI-MILLION, 5-STORY, 78-unit apartment building at 950-956 West Hamilton (see renderings/images). Property is located .25 miles from PPL event center and the burgeoning Allentown downtown redevelopment. THIS BUILDING IS available with 962 W Hamilton (connected) or available with 20MM+ downtown portfolio. See images for NIZ benefits. MUST SEE MEDIA.

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    © 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 2020-12-02T12:12:59.23.
    www.seeinsidethehouse.com/homes/112037043
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    960 W Hamilton Street Allentown City, PA 18101

    • Price: $850,000
    • Status: Available
    • Updated: 31 min ago
    • ID#: 654142
    4
    Beds
    2
    Baths
    0
    ½ Baths
    0.12
    Acres
    5,300
    SQFT
    $160
    $/SQFT
    1900
    Built
    Neighborhood:
    Not In Development
    County:
    Lehigh
    Area:
    Allentown-Central
    School District:
    Allentown
    Property Description
    DOWNTOWN Allentown holds the most UNIQUE NIZ/OPPORTUNITY ZONE TAX INCENTIVES for investors/developers IN AMERICA, reducing/returning financial liabilities & raising revenues (docs in images). $40,632 GROSS, $36,132 NET, 4.26% CAP RATE @ ASKING. VALUE ADD, 3-UNIT, cash-flowing, fully occupied with LONG term commercial, MIXED MULTI-FAMILY situated on a 5,053SF lot in downtown. Building totals 5,300+SF with 15 paved parking spaces in rear. LOW RENTS - All units have been updated over the years. ALTERNATIVELY - REDEVELOP FOR MAJOR NIZ/OPP ZONE INCENTIVES, e.g., professional offices or hotel. Neighboring DEVELOPER is currently completing a MULTI-MILLION, 5-STORY, 78-unit apartment building at 950-956 West Hamilton (see renderings/images). Property is located .25 miles from PPL event center and the burgeoning Allentown downtown redevelopment. THIS BUILDING IS available with 962 W Hamilton (connected) or available with 20MM+ downtown portfolio. See images for NIZ benefits. MUST SEE MEDIA.
    Exterior Features

    Construction Brick Lot Dimensions 22.05 X 230 Parking Paved Lot Parking Spaces 15

    Interior Features

    Cooling Wall Ac Features BalconyFire EscapeHardwood Heat Type BaseboardElectric

    Property Features

    Electric 390 Gas 0 Gross Income 40632 Heat 0 Lot Size Source Tax Records Net Income 36132 Operating Expense 12727 Other Expenses 0 Possible Financing CashConventional Property Sub Type Category CommercialMixed UseRow/Townhouse Sewer Public Special Conditions Not Applicable Square Footage Source Tax Records Total Taxes 8137.86 Water Public Water Sewer 900 Zoning Code B-2-Central Business

    Listing provided courtesy of Exp Realty Llc.


    © 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 2020-12-02T12:12:59.23.
     
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    Clinton NJ, 08809