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
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