827-829 W Linden St - Apartments FOR SALE


Allentown, PA 18101- City Center
$1,375,000 USD
484-866-2495
827-829 W Linden St, Allentown, PA for Sale
$1,375,000 USD
Apartments - FOR SALE
1/45
null | 7.67% Cap Rate

827-829 W Linden St
Allentown, PA 18101
City Center


HIGHLIGHTS

  • All BRAND NEW
  • PEX PLUMBING and all NEW Electric
  • Completely renovated, top to bottom
  • Located in HEART of ALLENTOWN, Fastest Growing City IN PA
  • No CAP EX, all new

OVERVIEW

OWN A CITY BLOCK generating $126,000 Gross Income & LOW expenses giving the lucky buyer a $105,441 NET INCOME. This property would be 10X if in NYC. This stunning, cash-flowing, turnkey, 7-unit investment property has gorgeous curb appeal and has been completely renovated from TOP to Bottom with NEW Hardwood Floors, New PEX plumbing, NEW Kitchens with new cabinets and mostly stainless steel appliances, New windows throughout, NEW Laundry Room, New roof, and Newly Paved PRIVATE Parking lot with Assigned spaces for the tenants. Each unit is massive and has a ton of sunlight. This property is extremely safe, is located next to a beautiful Church, the police station, and across from a massive parking garage that is used for the events held at the famous PPL center, home of the Phantoms, bringing in hundreds of thousands of fans. This property has guaranteed appreciation and is already rented at high rents to great tenants. One day a massive developer is going to make an offer on this city block and you can get a lottery ticket in a few years while making cash flow and owning an iconic downtown city property. *One of the sellers is a licensed real estate agent.

FOR SALE DETAILS

PRICE

$1,375,000 USD

PRICE/SF

$225 USD /SF

# OF UNITS

7

PRICE/UNIT

$196,429

CAP RATE

7.67%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

$126K GROSS, FULL RENOVATION

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,788 SF

ZONING

B-2

APN/PARCEL ID

549790968840-1

ASK ABOUT THIS PROPERTY

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484-866-2495

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