1. Pennsylvania
  2. Allentown City
  3. 406 Ridge Avenue
$399,900

406 Ridge Avenue, Allentown City, PA 18102

  • 6 beds |
  • 4 baths |
  • 5,148 sqft
  • Property Icon Land
  • Property Year Built Icon Built in 1865
  • Property Lot Size Icon5,619sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $78/sqft
  • Property List Date Icon Listed 4 months ago

Property Description

*MULTIPLE OFFERS RECEIVED! HIGHEST & BEST OFFERS ARE DUE BY TOMORROW, TUE 03/25 AT 2PM!*! Discover this exceptional 3-unit mixed-use investment property, and offering immediate rental income of $3,500 PER MONTH, with a projected income of $5,500 per month with the offices! Each unit is thoughtfully designed with modern stainless steel appliances, elegant hardwood floors, and spacious layouts that attract quality tenants. Large vacant office on the 1st floor can be converted into two and is currently on the market for rent! The building features a freshly painted exterior, adding curb appeal and ensuring a low-maintenance investment. Conveniently located close to major highways US-22 and I-78 for easy commute, Bucky Boyle Park, Coca Cola Park, Lehigh Valley Mall, Allentown Airport, shops, restaurants, and so much more! Whether you’re a seasoned investor or just starting, this turnkey opportunity is perfect for long-term growth. Don’t miss your chance to own this income-producing mixed-use property! *COMMERCIAL & RESIDENTIAL CLEAR CO WILL BE PROVIDED* *CAP RATE W/APTS ONLY: 9. CAP RATE W/APTS & COMM SPACE: 15*

Listing Status:
Pending
Listing Office:
Keller Williams Northampton : (610) 867-8888
MLS ID:
753508

This listing courtesy of Keller Williams Northampton

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

S

Sheridan Elementary School

521 N 2nd St, Allentown, PA, 18102

Grades 1-5

0.15 miles away

H

Harrison-Morton Middle School

137 N 2nd St, Allentown, PA, 18101

Grades 6-8

0.26 miles away

B

Building 21 Allentown

265 Lehigh St, Allentown, PA, 18102

Grades 9-12

0.94 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.