1501 W Chew St - Storefront Retail/Residential FOR SALE


Allentown, PA 18102- Allentown City Historic District
$588,900 USD
484-866-2495
1501 W Chew St, Allentown, PA for Sale
$588,900 USD
Storefront Retail/Residential - FOR SALE
1/34
null | 8.11% Cap Rate


OVERVIEW

Immediate income with upside: this cashflowing, fully rented 9-unit mixed-use brick property is offered with a clear Certificate of Occupancy from the City—no work required. Situated on a visible corner in the desirable West End, this turn-key investment features a balanced mix of residential, commercial, and garage income streams. The property includes (2) true two-bedroom apartments, (1) studio/one-bedroom apartment, a long-term updated nail salon tenant, and (5) single-bay garages. Current Gross Income is $57,660 with Operating Expenses of only $9,901, producing an Actual Net Operating Income of $47,759 @ full occ, self-managed. Projected Gross climbs to $67,560. Residential units feature hardwood floors and solid layouts, while the commercial space is updated, attractive, and leased to a reliable long-term tenant. Additional upside potential exists by converting the large basement workroom into tenant storage and coin-operated laundry, further increasing revenue. With durable brick construction, efficient expense structure, diversified income from apartments, commercial, and garages, and compliance already cleared with the city, this property offers investors immediate cash flow, minimal risk, and long-term appreciation. A rare opportunity to acquire a stabilized, high-performing West End Allentown investment with upside built in.

FOR SALE DETAILS

PRICE

$588,900 USD

PRICE/SF

$248 USD /SF

CAP RATE

8.11%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

$47K NET INCOME

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1910

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,161 SF

ZONING

R-MH

APN/PARCEL ID

549750920336-1

ASK ABOUT THIS PROPERTY

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484-866-2495

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484-866-2495

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