702 8th St Allentown, PA

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Th St, Allentown, Home For Sale

Price: $524,900
Address: 702 8th St
City: Allentown
State: PA
Zip:
Amenities: AC,Storage
Fee: No
Square Feet: 1800
Provided By: RealtyWW

Description:

TURN-KEY INVESTMENT OPPORTUNITY in sought-after Downtown location. This 4-unit property has been fully-renovated from top to bottom, inside and out with nothing left to do but produce positive cashflow. Consisting of TWO 2-bed, 1-bath units that are renovated with new kitchens, baths, and brand new HVAC systems, another BRAND NEW 2-bed, 1-bath unit approx 1300+/- sq ft ready for occupancy, PLUS approx 1800+ sq ft lower level with 2 outside entrances for owner use/storage, or create additional cashflow. Current rents are $1, 250/m(long term tenant), $1, 500/m, and $2, 000/m(projected), totaling $57, 000/y gross income with NOI over $41, 000/year, without including the entire lower level!! Recent updates throughout the building include: New Vinyl Facade, New Vinyl Windows throughout, New Decks, New Kitchens w/ Granite Tops, New HVAC units(all heat pumps w/ A/C), New Baths, Brand New 4 Meter Gang Electric Service. Truly a unique property that will not disappoint, don't miss out, schedule today!

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