Carrie Ward - Commercial Real Estate Showcase

Carrie Ward Property Listings
Hanna Commercial Real Estate
3500 Winchester Rd
Suite 201
Allentown, PA 18104-2263

220 - 222 N 6th Street

Allentown, PA 18102-4133 - Center City-Lehigh MF Submarket

Property Type:Multi-Family Number of Units:10 Status:Existing Year Built:1920
Stories:4 Building Size:10,435 SF Land Area:.12 AC (5,419 SF)
For Sale Price:$750,000 Price/Unit:$75,000.00 Cap Rate:7.80 % GRM:-


Sale Notes:
Rare downtown multi-unit with unique architectural details Continue cash flow or dramatically increase c.f. with upscale rehab Participate in the Allentown urban renaissance (NYT, Fortune, Atlantic articles) Strong rental history and Allentown rents are rising Near $1 Billion in developement and re-development Five on-site parking available / space for on-site laundry & storage

Allentown identified by Urban Land Institute as one of six transforming communities nation-wide (April 2016) Buy and Hold strong rental history instantly increase your CAP more than a percentage point bringing units to market rent Or Convert Rare mix of spacious, high-ceiling apts in solid building with on-property parking that invites conversion to attractive, luxury apts Plus add on-site laundry & storage for extra income Over $1 Billion in new and re-development just a few blocks away see national press articles in New York Times, Fortune, and Atlantic Each unit has upgraded electric and plumbing, in-unit electric panels and hot water heaters tenants pay electric heat

Hanna Commercial Real Estate
Carrie Ward
(484) 347-2359

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