1. Pennsylvania
2. Allentown City
3. 542 West Walnut Street

542 West Walnut Street, Allentown City, PA 18101

• 4,541 sqft

Property Description

Welcome to this completely updated, solid brick, 5 unit investment property, with hardwood floors everywhere. Tenants enjoy gas heat and cooking at their expense and ceiling fans for cooling. This building is across from City Center's new Walnut Street Commons, which has an attached parking garage*. All apartments have been upgraded with new appliances (SS fridges and new stoves), counter tops, tile bathrooms, ceiling fans and window blinds and are easy to rent. The pride of ownership shows in the clean and well maintained exterior and interior common spaces. Durable carpeting and rubber tread-protectors on the stairs help preserve the original hardwood. Security cameras both inside and outside, plus good exterior lighting add to the attractiveness of this building for tenants. The side yard and rear yard are fenced and locked, and the large fire escape provide a safe exit for all units. Large clean basement runs the length of the building and has access through a rear door under the 1st floor rear unit. Priced at a 7.2% CAP rate using current rents, there is upside in the rents to bring them to market rate. Proof of funds required prior to scheduling a tour. Tour offering times are limited due to schedules. Please call listing agent to discuss. Please do not try to gain access to the building, the yard, or bother the tenants. *The parking deck allows public parking. Check with the Allentown Parking Authority for monthly pass availability.

Listing Status:

Active

Listing Office:

HowardHanna TheFrederickGroup : (610) 398-0411

MLS ID:

757173

Interior

• Flooring: Hardwood
• A/C: Ceiling Fan(s)
• Heating: GasHot Water

Exterior

Construction

Location

Lot

Utilities

Financial

This listing courtesy of HowardHanna TheFrederickGroup