Beds6
Baths4
Sq.Ft.3,360
Year1880
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Status:
Active
Property Type:Apartment Style
MLS #:708849
Sq. Feet:3,360
On Site:6 Days
Lot Size:0.16 Acres
County:Lehigh
19 unit Property. Please look at the numbers! Without doing anything you will have $76,000.00 gross income, $62200 Net Income! Then as tenants leave renovate and get the rents up to 1300 plus. AND the garages all can be built on and could be knocked down to build new townhouses. This has 19 total units- 4-unit mixed multi-family property in Allentown with 15 rentable car garages. Located in an up-and-coming neighborhood, the property consists of 4 residential units and 1 commercial space building with 15 individual car garages, all of which are currently rented. The property is located next to the $45MM project, Towers 6, a 145K SF, 12-story, Retail, and Class A office space. 2 apartments are now renovated and will be at $1250 and $1350, The other 2 can be $1450 and $1200 easily after tenants leave and do some flooring and Kitchen. Now that sellers made these changes come and make an offer.
114 South 8th St, Allentown, PA 18101
MLS# 708849 - Allentown, PA apartment style for sale for sale in
This 3360 sq/ft home has 6 bedrooms and 4 bathrooms and is located at 114 South 8th St., Allentown, PA, 18101, with a list price of $674,999. This Allentown home for sale is located in Lehigh County on 0.16 acres.
View additional information about 114 South 8th St below. The information is provided by the listing broker and will include; type of construction, school information, taxes, property interior and exterior details, waterfront view information, and any neighborhood amenity details that you will find in
If you would like to request more information on 114 South 8th St. please contact our Homeway Real Estate team. We are available to help you with MLS 708849, or any other detached for sale in Allentown, PA that meets your search criteria. Please continue to use our website to search for homes for sale in the Allentown area!
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Community Information
Address:114 South 8th St, Allentown, PA 18101
Area:Allentown-Central
County:Lehigh
City:Allentown
School System:Allentown
Zip Code:18101
Architecture
Bedrooms:
6
Bathrooms:
4
Year Built:1880
Stories:3.0
Construction: Brick, Stucco, Vinyl
Parking: Garage
Features / Amenities
Cooling: Wall AC
Heat Type: Baseboard
Property Features
Lot Size:
0.16 Acres
Features: Fire Escape
Sewer: Public
Water: Public
Electric: 500
Gas: 0
Zoning:R-H-HIGH DENSITY RESIDENTIAL
Tax and Financial Info
Gross Income: $76, 500
Operating Expense: $16, 082
Net Income: $60, 418
Operating Expense: $16, 082
Possible Financing: Cash, Conventional
Total Taxes: $4, 782
Schools
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114 South 8th St Allentown, PA 18101
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Listing Information Last Updated 3/24/2023
Listing provided courtesy of Exp Realty LLC.
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The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information deemed reliable but is not guaranteed.
