3-unit Projected 9.51% cap% at asking price. PROJECTED Potential $36,000 gross or more income and $28,551 Net income. That number includes using property management which could be transferred to new owner-or manage yourself and save. That includes projected rent of $1150 for the vacant which we will leave vacant as someone can buy and be an owner-occupant! Owners will rent out before closing if buyers ask for that. Owners recently invested $15K into this all-brick, 3-unit multifamily, located in the heart of Allentown with amazing curb appeal, parking in the rear, and recent improvements including NEW flooring in some units, updated plumbing with PEX piping and updated electrical. Offered with a CLEAR CO (certificate of occupancy). Parking spots behind the building could be increased. The property is walking distance to center city Allentown, next to new construction luxury apartments, and a few blocks from the new PPL Event Center, Da Vinci Science Center, Restaurants, Retail, Nightlife, and so much more. The seller has a few other properties to be listed shortly if someone wants to increase their quickly. One of the sellers is a licensed RE agent.
Sold for $265,000
Zillow last checked:
Listing updated:
Bought with:
james Reardon, RS342638
eXp Commercial
Source: Bright MLS,MLS#: PALH2006076
Price history
| Date | Event | Price |
|---|---|---|
| 9/28/2023 | Sold | $265,000-11.7%$148/sqft |
Source:  Bright MLS #PALH2006076 Report a problem | ||
| 8/27/2023 | Pending sale | $300,000$167/sqft |
Source:  GLVR #722218 Report a problem | ||
| 7/29/2023 | Listed for sale | $300,000$167/sqft |
Source: Bright MLS #PALH2006076 Report a problem | ||
| 6/23/2023 | Pending sale | $300,000$167/sqft |
Source: Bright MLS #PALH2006076 Report a problem | ||
| 6/13/2023 | Listed for sale | $300,000+50%$167/sqft |
Source: Bright MLS #PALH2006076 Report a problem | ||
| 1/10/2023 | Sold | $200,000-29.8%$112/sqft |
Source: GLVR #706062 Report a problem | ||
| 12/13/2022 | Pending sale | $284,900$159/sqft |
Source: GLVR #706062 Report a problem | ||
| 12/12/2022 | Listed for sale | $284,900$159/sqft |
Source: GLVR #706062 Report a problem | ||
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Estimated market value
$250,300
