6,500 SqFt
6,500 SqFt
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 6,500 sqft
Price per Sqft $165
MLS Listing ID PALH2012538
Year Built 1890
Annual Tax Amount $8,053
Tax Year 2022
Lot Size 4,616 Sqft
Acres 0.11
Lot Dimensions 40.00 x 115.32
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
This beautifully renovated, fully occupied 7-unit multifamily property is a cash-flowing investment powerhouse. Several units have been recently upgraded with new hardwood flooring, modern kitchens, fresh paint, updated bathrooms, and newer appliances. Select units also feature new windows and updated vanities, providing tenants with a high-quality living experience.
One of the most valuable upgrades? Individually metered water — all utilities are paid by the tenants, maximizing your net income.
Tenants enjoy central air in most units, with six apartments equipped with high-efficiency heat pumps for both heating and cooling. The carriage house boasts split-unit systems offering year-round comfort. The property also features a charming courtyard for outdoor enjoyment and balconies in the top-floor units with scenic views.
Units are spacious, bright, and easy to rent. Located in a rapidly developing area benefiting from ongoing warehouse and retail expansion, this property consistently attracts reliable tenants.
Now fully leased and producing strong returns, this investment opportunity is ideal for those seeking stable cash flow with minimal maintenance.
One of the sellers is a licensed real estate agent.
Location
State PA
County Lehigh
Area Allentown City (12302)
Zoning R-H
Interior
Hot Water Electric
Heating Heat Pump(s)
Cooling Central A/C
Inclusions All appliances
Heat Source Electric
Exterior
Garage Spaces 7.0
Water Access N
View City
Accessibility 2+ Access Exits
Total Parking Spaces 7
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Allentown
Others
Tax ID 549689792985-00001
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
Virtual Tour https://youtu.be/XLCd20tAM10?si=bpZJbSD7SPnQJemn
