614 N 8th St, Allentown, PA 18102
- $375,000
- 5
- BD
- 3
- BA
- 2,316
- SqFt
- List Price
- $375,000
- MLS#
- 782273
- Status
- ACTIVE
- Type
- Multifamily
- City
- Allentown
- Area
- Allentown-Central
- County
- Lehigh
- Bedrooms
- 5
- Bathrooms
- 3
- Living Area
- 2,316
- Lot Size
- 2,012
- Year Built
- 1900
Property Description
*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. The first floor unit is recently vacant and is looking for a owner occupied buyer or a new tenant. The unit was being rented for 1500 Dollars a monthThe occupied second unit offer a spacious renovated 3-bedroom/2-full baths 2nd Fl unit consists of a practical kitchen with newer appliances plus a laundry area that is being 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!
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Additional Information
- Property Taxes
- $2,558
- Acres
- 0.05
- Cooling
- None
- Living Area
- 2,316
- Lot Size
- 2,012
- Parking Spaces
- 2
- Region
- Allentown-Central
- School District
- Allentown
- Sewer
- Public Sewer
- Stories
- 3
- Subdivision
- Not In Development
- Utilities
- Cable Available
- Zoning
- R-Mh-Medium High Density
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Listing courtesy of Coldwell Banker Hearthside. Contact:
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