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 renovated with newer appliances. The unit was being rented for $1500. The occupied second unit offer a spacious renovated 3-bedroom/2-full baths spread between 2nd and 3rd floors. This unit which consists of a practical kitchen and laundry hook ups, is being rented for $1,785. It offers a total net income of $39,420 resulting in an impressive cap rate over 10%! 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. Owner is moving out of state and has really invested in this property especially with renovations in the first floor unit and recent complete roof replacement in 2026. 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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