Turn key cash flowing 10-unit fully occupied clean and well maintained investment property in center city Allentown. Attractive cap rate at asking price. High quality building. Top Rents due to condition and location. Solid leases with long term tenants. Immediate re-rent. Thousands in upgrades to exterior and interior. Upgraded utilities. Low upkeep. Located next to the Neighborhood Improvement Zone’s (NIZ) with more than $1 billion of commercial investments and within the area targeted by PPL’s Live and work in Allentown grant incentive program for renters. Situated on a large lot. Ten cameras and video surveillance system included in sale; Solid construction, extra-high ceilings and unique architectural details — potential for luxury apartment development. Electric heat paid by tenants; in-unit hot water heaters and recently upgraded electric panels; all plumbing re-done 2005; available space for on-premises laundry and storage for tenant use. Roof in great condition.
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