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    962 W Hamilton Street

    Allentown City, PA 18101
    • $650,000
    • STATUS: Available
    • ON SITE: 10 days
    • ID#: 654355
    UPDATED: 52 min ago
    $650,000
    • 3
      BEDS
    • 0.16
      ACRES
    • 3
      BATHS
    • 0
      1/2 BATHS
    • 3,264
      SQFT
    • $199
      $/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) $54,000 GROSS, $43,160 NET, 6.64% CAP RATE @ ASKING. VALUE ADD, 4-UNIT, cash-flowing, fully occupied, MIXED MULTI-FAMILY situated on a 7,100SF lot in downtown. Building totals 3,260+SF with 30 paved parking spaces. 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 960 W Hamilton (connected) or available with 20MM+ downtown portfolio. See images for NIZ benefits. See Aerial drone & VIRTUAL TOUR to view the property.

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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 2020-11-30T21:12:57.947.
    www.seeinsidethehouse.com/homes/112032225
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    962 W Hamilton Street Allentown City, PA 18101

    • Price: $650,000
    • Status: Available
    • Updated: 52 min ago
    • ID#: 654355
    3
    Beds
    3
    Baths
    0
    ½ Baths
    0.16
    Acres
    3,264
    SQFT
    $199
    $/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) $54,000 GROSS, $43,160 NET, 6.64% CAP RATE @ ASKING. VALUE ADD, 4-UNIT, cash-flowing, fully occupied, MIXED MULTI-FAMILY situated on a 7,100SF lot in downtown. Building totals 3,260+SF with 30 paved parking spaces. 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 960 W Hamilton (connected) or available with 20MM+ downtown portfolio. See images for NIZ benefits. See Aerial drone & VIRTUAL TOUR to view the property.
    Exterior Features

    Construction Brick Lot Dimensions 30.89 X 230 Parking Off SitePaved Lot Parking Spaces 30

    Interior Features

    Baths Semi Modern Cooling Wall Ac Heat Type Baseboard

    Property Features

    Electric 400 Gas 0 Gross Income 54000 Heat 0 Lot Size Source Tax Records Net Income 43160 Operating Expense 10840 Other Expenses 0 Possible Financing CashConventional Property Sub Type Category Apartment StyleCommercialMixed Use Sewer Public Special Conditions Not Applicable Square Footage Source Tax Records Total Taxes 7240.47 Water Public Water Sewer 600 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 2020-11-30T21:12:57.947.
     
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    Keller Williams Real Estate
    6 State Route 173, Suite 202
    Clinton NJ, 08809