614 8Th Street, Allentown City, PA 18102 | MLS 734797 | Listing Information | Berkshire Hathaway HomeServices Paul Ford, REALTORS | Berkshire Hathaway HomeServices Paul Ford, REALTORS
Pending
$295,000  

614 8Th Street
Allentown City, PA 18102

Single Family
Residential
5
Beds
3
Baths
2,316
Sq. Ft.
0.046
Acres Lot
Courtesy: IronValley RE of Lehigh Valley
*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
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
Courtesy: IronValley RE of Lehigh Valley
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