*Investment Opportunity* Welcome to this lucrative investment opportunity nestled in a prime rental location. This 2-unit property promises not only substantial strong rental income but also desirable amenities, making it an ideal addition to any investor's portfolio. Currently housing a tenant occupied 2-bedroom/1-bath 1st Fl unit with 2 off-street parking spots plus access to the basement for laundry that's rented at $1,250. The vacant spacious renovated 3-bedroom/2-full baths 2nd Fl unit consists of a modern kitchen with newer appliances plus a laundry area that can be easily rented for $1,850. It offers a total net income of $32,585 resulting in an impressive 11% cap rate! Located in a high-demand rental area, this property minimizes the risk of prolonged vacancies contributing to sustained profitability. You also have the flexibility to owner-occupy one unit & keep one unit rented. Seize this opportunity to acquire a lucrative investment property with substantial income potential. Whether you're a seasoned investor or exploring your first venture, this property promises attractive returns & enduring value. Schedule a viewing today & unlock the possibilities of real estate investment success! The seller will provide a clear certificate of occupancy from the City of Allentown.
734797
Single Family, 3+ Story
5
Lehigh
3 Full
1900
0.046
Acres
Public Water
3
Vinyl Siding
Public Sewer
2,316
Sq. Ft.
13
Not in Development
School Information
Allentown
Bathrooms
3
Total:3
Detailed Room Information
- Kitchen
- Eat-in Kitchen,Washer, Electric Oven, Oven, Range, Refrigerator
Interior Features
- Appliances
- Washer, Electric Oven, Oven, Range, Refrigerator, Dryer
- Flooring
- Tile, Vinyl, Laminate, Carpet
- Heating
- Electric Heating. Baseboard.
- Plumbing
- Electric Water Heater
- Basement
- Full
- Additional Interior Features
- Eat-in Kitchen
Exterior / Lot Features
- Parking
- 2 Parking Spaces.
- Exterior
- Vinyl
- Zoning
- R-MH-MEDIUM HIGH DENSITY RESIDENTIAL
Financial Considerations
Fee Simple
$2,541
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