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Buy a multi-family propertyat 134 138 7th, Allentown City, PA 18101

$1,749,900

$0/mo

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Multifamily

12,214 Sq. Ft.

6,379 Sq. Ft. lot

17 Bedrooms

14 Bathrooms

381 Days on market

714639 MLS ID

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About 134 138 7th multi-family property

Developers Dream! Located in the NIZ Neighborhood Improvement Zone and Opportunity Zone this investment opportunity consists of 15 Units - 12 Residential Units and 3 commercial spaces. Because of its proximity to the new Downtown development this property is a great opportunity for a developer to demo/repurpose the building or renovate what's existing and raise rents. All units have room to renovate and raise rents making it a great value add opportunity. All units have electric heat and hot water and electric ranges - all units have separate utilities. The property has frontage facing 7th Street and which is the main arteries into downtown Allentown. Located steps from the new downtown development which includes over 1 Billion Dollars of development - the PPL Event Center, Restaurants, Retail, Nightlife, and so much more. 134 - 138 N. 7th Street is an excellent long term value add opportunity in the most up and coming area in Allentown. This property is a must see!
Developers Dream! Located in the NIZ Neighborhood Improvement Zone and Opportunity Zone this investment opportunity consists of 15 Units - 12 Residential Units and 3 commercial spaces. Because of its proximity to the new Downtown development this property is a great opportunity for a developer to demo/repurpose the building or renovate what's existing and raise rents. All units have room to renovate and raise rents making it a great value add opportunity. All units have electric heat and hot water and electric ranges - all units have separate utilities. The property has frontage facing 7th Street and which is the main arteries into downtown Allentown. Located steps from the new downtown development which includes over 1 Billion Dollars of development - the PPL Event Center, Restaurants, Retail, Nightlife, and so much more. 134 - 138 N. 7th Street is an excellent long term value add opportunity in the most up and coming area in Allentown. This property is a must see!

Property details

Bathrooms

14 bathrooms

12 full bathrooms

2 half bathrooms

Bedrooms

17 bedrooms

House

12,214 square footage

Built in 1900

3 stories

Brick

Stucco

Vinyl

Cooling

No Air

Expenses

Operating expense: $32,431

Water

Public

Home Owner's Association

Lehigh Valley MLS

Income

Gross income: $200,568

Net income: $168,137

Listing

MLNumber: 714639

Listing price: $1,749,900

Listing date: 2023-04-11 00:00:00

Not Applicable

Location

Area: Allentown-Central

County: Lehigh

Subdivision: Not in Development

Lot

0.146 acres

6,379 square footage

Property

Property key: 42077 640701623265 1 1 8783031

Property sub type: Investment Property

Property type: Investment Property

Zoning code: B-2-Central Business

Apartment Style

Commercial

Schools

School district: Allentown

Sewer

WaterSewer: 4760

Public

Taxes

Total taxes: $10,185

Tax crs pa MUI: 998367141

Utilities

Electric: 1248

Monthly cost

Estimated monthly cost

$12,347/mo

All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

Schools

Allentown enrollment policy is not based solely on geography. Please check the school district website to see all schools serving this home.

Private schools

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$1,644,906

+$52,497

$1,697,403

Seller agent commission$52,497 (3%)*

$0 (0%)

Buyer agent commission$52,497 (3%)*

$52,497 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property

Get $52,497 more selling your home
with an Unreal Estate agent

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State

  • Real Estate for Sale in Pennsylvania

Unreal Estate checked: Aug 8, 2023 at 4:37 p.m.

Data updated: Apr 12, 2023 at 9:41 a.m.

Courtesy of BHHS Regency Real Estate (missing listing office phone)
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright.
Compilation © 2024 Greater Lehigh Valley REALTORS®. All Rights Reserved.

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