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Buy a multi-family propertyat 1024 West Turner Street, Allentown City, PA 18102

$339,000

$0/mo

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Multifamily

2,588 Sq. Ft.

2,300 Sq. Ft. lot

4 Bedrooms

2 Bathrooms

320 Days on market

718714 MLS ID

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About 1024 West Turner Street multi-family property

OPEN SHOWING Saturday June 10 from 11am - 1pm. $45,600 annual Money Machine. $38k net. Detached and Renovated. 2 unit with 5 car garages. Set up for profit. SEPARATE UTILITIES. Efficient gas heat, gas hot water and electric all paid by the tenants. 2 ATTRACTIVE UNITS Plus 5 CAR GARAGES. The Garages are like having a 3rd unit renting for $800 that never has toilets, kitchens or flooring to repair/update. The apartments are spacious with both having been renovated with modern kitchens and bathrooms. EASY TO RENT. Fully occupied, located steps away from the expanding downtown renaissance (over $1B in development). LOW TAXES. Operating cost are critical to your bottom line. Very low real estate taxes of just $1600 per unit, including the 5 car garages, add more punch to profit! This is a TURN KEY established investment rental operation. Start building or add to a profitable income property portfolio in one of the hottest rental markets in the region. Opportunity knocks!
OPEN SHOWING Saturday June 10 from 11am - 1pm. $45,600 annual Money Machine. $38k net. Detached and Renovated. 2 unit with 5 car garages. Set up for profit. SEPARATE UTILITIES. Efficient gas heat, gas hot water and electric all paid by the tenants. 2 ATTRACTIVE UNITS Plus 5 CAR GARAGES. The Garages are like having a 3rd unit renting for $800 that never has toilets, kitchens or flooring to repair/update. The apartments are spacious with both having been renovated with modern kitchens and bathrooms. EASY TO RENT. Fully occupied, located steps away from the expanding downtown renaissance (over $1B in development). LOW TAXES. Operating cost are critical to your bottom line. Very low real estate taxes of just $1600 per unit, including the 5 car garages, add more punch to profit! This is a TURN KEY established investment rental operation. Start building or add to a profitable income property portfolio in one of the hottest rental markets in the region. Opportunity knocks!

Property details

Bathrooms

2 bathrooms

2 full bathrooms

Bedrooms

4 bedrooms

House

2,588 square footage

Built in 1895

3 stories

Brick

Cooling

No Air

Expenses

Operating expense: $7,620

Water

Public

Home Owner's Association

Lehigh Valley MLS

Income

Gross income: $45,600

Net income: $35,730

Listing

MLNumber: 718714

Listing price: $339,000

Listing date: 2023-06-08 00:00:00

Not Applicable

Location

Area: Allentown-Central

County: Lehigh

Subdivision: Old Allentn Historic

Lot

0.053 acres

2,300 square footage

Miscellaneous

Features: Balcony

Parking

5 spaces

Garage

Property

Property key: 42077 549780751627 1 1 56037044

Property sub type: Investment Property

Property type: Investment Property

Zoning code: R-MH-MEDIUM HIGH DENSITY RESIDENTIAL

Apartment Style

Detached

Schools

School district: Allentown

Sewer

WaterSewer: 914

Public

Taxes

Total taxes: $3,207

Tax crs pa MUI: 998336850

Utilities

Electric: 928

Monthly cost

Estimated monthly cost

$2,392/mo

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

Sale and tax history

Sales history

Date

Jun 28, 2023

Price

$355,000

Date

Feb 10, 2021

Price

$170,000

Date

Apr 1, 2005

Price

$106,000

DatePrice
Jun 28, 2023$355,000
Feb 10, 2021$170,000
Apr 1, 2005$106,000

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$318,660

+$10,170

$328,830

Seller agent commission$10,170 (3%)*

$0 (0%)

Buyer agent commission$10,170 (3%)*

$10,170 (3%)*

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

Get $10,170 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 11:41 a.m.

Courtesy of Bellman & Radcliff (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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