39-41 N 11th St - Apartments FOR SALE


Allentown, PA 18101- City Center
$1,290,000 USD
484-866-2495
39-41 N 11th St, Allentown, PA for Sale
$1,290,000 USD
Apartments - FOR SALE
1/26
null | 7.85% Cap Rate

39-41 N 11th St
Allentown, PA 18101
City Center


HIGHLIGHTS

  • Center City, ALWAYS OCCUPIED
  • Fantastic Tenants
  • Large Bedrooms, Large Units, nice Kitchens, Big Windows
  • Long term tenants
  • Major Renovations to Exterior and interior.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,290,000 USD

PRICE/SF

$214 USD /SF

# OF UNITS

6

PRICE/UNIT

$215,000

CAP RATE

7.85%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,507 SF

ZONING

R-H

APN/PARCEL ID

549689792985-1

ASK ABOUT THIS PROPERTY

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484-866-2495

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484-866-2495

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