Allentown, PA 18102,736-N 9TH
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Allentown, PA 18102,736-N 9TH
Allentown, PA 18102,736-N 9TH
Allentown, PA 18102,736-N 9TH
Allentown, PA 18102,736-N 9TH

$250,000

Est. payment /mo

$247,000

1.2%
Est.Price: ?

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736-N 9TH Allentown, PA 18102

1,539 SqFt

SOLD DATE : 03/29/2024

Key Details

Sold Price $250,000

Property Type Multi-Family

Sub Type Interior Row/Townhouse

Listing Status Sold

Purchase Type For Sale

Square Footage 1,539 sqft

Price per Sqft $162

MLS Listing ID PALH2007576

Sold Date 03/29/24

Style Colonial

Abv Grd Liv Area 1,539

Originating Board BRIGHT

Year Built 1900

Annual Tax Amount $2,389

Tax Year 2023

Lot Size 1,246 Sqft

Acres 0.03

Lot Dimensions 14x89

Property Description

$31200 gross and $25200 net income over 10% cap rate 2-unit investment property in the Heart of Allentown. Property comes with 100% clear CO from the city of Allentown. 1st floor renovated one bedroom unit with access to the yard will be left vacant form showings. Seller could rent it after there is an agreement. 2nd floor is month to month at $1250 in a large 2-bedroom apartment which can be rented at $1475. The savvy investor can easily exceed these projected numbers The heat and electric are all separated, and you can charge them for water/sewer. Buyer does not need to worry about any city repairs, just get the rents where they can be and have great cash flowing property. Leaving unit vacant has tenants lined up for $1150. People who do not think we can get these rents don't get the market. Great rental market! Come take advantage. Rental in the area do not stay vacant.

Location

State PA

County Lehigh

Area Allentown City (12302)

Zoning R-MH-MEDIUM HIGH DENSITY

Rooms

Basement Outside Entrance

Interior

Hot Water Electric

Heating Baseboard - Hot Water

Cooling None

Heat Source Natural Gas

Exterior

Waterfront N

Water Access N

Accessibility 2+ Access Exits

Garage N

Building

Foundation Stone

Sewer Public Sewer

Water Public

Architectural Style Colonial

Additional Building Above Grade

New Construction N

Schools

School District Allentown

Others

Tax ID 549783485071 001

Ownership Fee Simple

SqFt Source Estimated

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by james J Reardon • eXp Commercial
Bought with james J Reardon • eXp Commercial
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