$1,075,000/mo

39 North 11Th Street, Allentown City, PA 18101

  • 9 beds |
  • 7 baths |
  • 5,604 sqft
  • Property Icon Rental
  • Property Year Built Icon Built in 1900
  • Property Lot Size Icon4,617sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $192/sqft
  • Property List Date Icon Listed 10 days ago

Property Description

9.4% Cap Rate - Renovated Money Maker Generating $118,380 Gross Income and $101,327. This beautiful, cash-flowing, turnkey, 7-unit multi-family investment property has multiple units completely renovated including NEW Hardwood Flooring, New Kitchens, New Paint, Newer Appliances, New windows in some units, New bathrooms in some units including vanities, and the best part, SEPARATED WATER, so all unities are on the tenants and this property just generates profit. Tenants love central air! Six apartments have high-efficiency heat pumps for heat and AC and split units for heating and air conditioning in the carriage house. The property’s lovely courtyard is a great outdoor space for tenants, and the top two apartments offer balconies with great views. The units are spacious and have plenty of sunlight. This area of town has become a hotspot for investors with consistent tenants in the area due to warehouse and retail development. Now fully rented! *One of the sellers is a Licensed real estate agent.

Listing Status:
Active
Listing Office:
EXP Realty LLC : (888) 397-7352
MLS ID:
760476
  • General: Balcony
  • Flooring: Hardwood
  • A/C: Central Air
  • Heating: Forced Air

This listing courtesy of EXP Realty LLC

Location

Schools Nearby

M

McKinley Elementary School

1124 W Turner St, Allentown, PA, 18102

Grades 1-5

0.11 miles away

F

Francis D. Raub Middle School

102 S Saint Cloud St, Allentown, PA, 18104

Grades 6-8

0.84 miles away

B

Building 21 Allentown

265 Lehigh St, Allentown, PA, 18102

Grades 9-12

0.66 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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