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Buy a multi-family propertyat 148 South 7Th Street, Allentown City, PA 18101

$1,200,000

$0/mo

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Multifamily

6,102 Sq. Ft.

7,100 Sq. Ft. lot

0 Bathrooms

324 Days on market

718619 MLS ID

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About 148 South 7Th Street multi-family property

Investment Opportunity available for sale in Downtown Allentown, PA. This mixed-use four (4) unit property is +/- 6,102 SF that features a ground-level retail space of +/- 3,450 SF; three (3) two-bedroom (1) bathroom residential apartments that are ready to be leased for $1,950 to $2,000 per month based on area comps. The building was completely renovated throughout, with all the residential units comprised of breathtaking views through the newly replaced bay windows. All the units are separately metered and offer mini-split air units along with washer and dryer hookups. The retail space is zoned B-2, which allows use for an Art gallery, Restaurant, Trade School, And a wide variety of Personal Services. The building is located one block from major Development such as (NIZ) Neighborhood Improvement Zone. The NIZ is a State Tax district created in 2011 that is being utilized to encourage development and revitalization in the center city of Allentown, PA.
Investment Opportunity available for sale in Downtown Allentown, PA. This mixed-use four (4) unit property is +/- 6,102 SF that features a ground-level retail space of +/- 3,450 SF; three (3) two-bedroom (1) bathroom residential apartments that are ready to be leased for $1,950 to $2,000 per month based on area comps. The building was completely renovated throughout, with all the residential units comprised of breathtaking views through the newly replaced bay windows. All the units are separately metered and offer mini-split air units along with washer and dryer hookups. The retail space is zoned B-2, which allows use for an Art gallery, Restaurant, Trade School, And a wide variety of Personal Services. The building is located one block from major Development such as (NIZ) Neighborhood Improvement Zone. The NIZ is a State Tax district created in 2011 that is being utilized to encourage development and revitalization in the center city of Allentown, PA.

Property details

House

6,102 square footage

Built in 1960

Brick

Cooling

Central AC

Expenses

Operating expense: $20,389

Water

Public

Home Owner's Association

Lehigh Valley MLS

Income

Gross income: $105,000

Net income: $79,361

Listing

MLNumber: 718619

Listing price: $1,200,000

Listing date: 2023-06-07 00:00:00

Not Applicable

Location

Area: Allentown-Central

County: Lehigh

Subdivision: Not in Development

Lot

0.163 acres

7,100 square footage

Parking

10 spaces

Paved Lot

Property

Property sub type: Investment Property

Property type: Investment Property

Zoning code: B-2-CENTRAL BUSINESS

Commercial

Mixed Use

Schools

School district: Allentown

Sewer

WaterSewer: 1000

Public

Taxes

Tax crs pa MUI: 998361436

Utilities

Electric: 600

Monthly cost

Estimated monthly cost

$8,467/mo

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

Schools

This home is within the Allentown City School District.

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$1,128,000

+$36,000

$1,164,000

Seller agent commission$36,000 (3%)*

$0 (0%)

Buyer agent commission$36,000 (3%)*

$36,000 (3%)*

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

Get $36,000 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: Jun 12, 2023 at 9:41 a.m.

Courtesy of Keller Williams 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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