Pristine 3 Unit Apartments In ALLENTOWN - $425,000 (On Market)
Address: 32 N 2nd St, Allentown, PA 18101
List Price: $425,000
Property Type: Mixed Use
Year Built: N/A
Year Renovated: N/A
Building Size: 2,944 SF
Price Per Square Foot: $144.36
Lot Square Footage: N/A
Occupancy: 2 Units Tenant Occupied
Frontage: N/A
Units: 3
Cap Rate: 10.21%
Remarks:
10% Projected cap at asking price. $56400 gross income $43393 net income. Both apartments in pristine condition. 1st floor 2 bedroom living room/dining, kitchen bath. rented at 1100 to long term tenant--should be $1250 plus. Apartment 1 has access to the yard with large, covered porch. Apartment 2 upstairs on 2nd and 3rd floor is 3/4 BDR's with all new flooring and paint rented at $1600. Tenants pay electric and heat. Oversized garage/warehouse in great condition. Rent the garage and lot across street for $2000. Or build on the lot as it is zoned high density residential. Roof is 4 years old. Owner will order the City CO inspection. Great for an end user to use garage and get the residential income. Truly great property near the new waterfront project and close to the center of Allentown. The empty lot across alley from garage is part of the sale- 30 N Bryan St PA APN 640731996333 001 zoned residential--can build or use as parking for garage.
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