334 Law Street, Allentown City, PA 18102 | MLS 737521 | Listing Information | Berkshire Hathaway HomeServices Paul Ford, REALTORS | Berkshire Hathaway HomeServices Paul Ford, REALTORS
FOR SALE
$540,000  

334 Law Street
Allentown City, PA 18102

Apartment
Residential
10
Beds
6
Baths
3,528
Sq. Ft.
0.048
Acres Lot
Courtesy: IronValley RE of Lehigh Valley
Welcome to your next lucrative investment in the heart of a thriving rental market! This renovated 4-unit bldg offers an exceptional opportunity for any buyer. This property promises excellent rental income potential with a current annual income of $57,600, boasting a solid 9% cap rate: (2) 1BR/1BA apts at $900/mth & (2) 4BR/2BA apts at $1500/mth. Along with new siding & roof, all of the 4 units have been renovated: updated kitchens/bathrooms, flooring, new HW tanks + clear City CO. Located in a sought-after rental market area, this property benefits from high demand for quality housing. With a strong tenant pool & consistent rental history, you can expect minimal vacancies & reliable income streams. Whether you're an experienced investor or a first-time buyer, this turnkey property offers a hassle-free investment opportunity. With renovations already completed & tenants in place, you can start generating income from day one. Generating an impressive $57,600 in annual income at a 9% cap rate, this property offers a solid return on investment. With potential for future rent increases & appreciation, you can capitalize on the steady growth of the local rental market. Close to amenities, public transportation & major thoroughfares, this property offers convenience & accessibility for tenants. From shopping & dining options to parks & entertainment, everything tenants need is within reach. Don't miss out on this exceptional investment opportunity in a thriving rental market!
737521
Apartment, Colonial, 3+ Story
10
Lehigh
6 Full
1915
0.048 Acres
Public Water
3
Brick, Vinyl Siding
Public Sewer
3,528 Sq. Ft.
20
Not in Development
School Information
Allentown
Bathrooms
6
Total:6
Detailed Room Information
Kitchen
Eat-in Kitchen,Oven, Range, Refrigerator
Interior Features
Appliances
Oven, Range, Refrigerator
Flooring
Tile, Laminate
Heating
Electric Heating. .
Plumbing
Electric Water Heater
Additional Interior Features
Eat-in Kitchen
Exterior / Lot Features
Parking
2 Parking Spaces.
Exterior
Brick, Vinyl
Patio
Deck
Zoning
R-MH-MEDIUM HIGH DENSITY RESIDENTIAL
Additional Exterior/Lot Features
Deck,.
Financial Considerations
Fee Simple
$4,354
Courtesy: IronValley RE of Lehigh Valley
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