Portfolio-6 Bldg-37 Units

    ALLENTOWN, PA 18102
    • $2,299,999
    • STATUS: Active
    • ON SITE: 287 days
    • ID#: PALH109164
    $2,299,999
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1900
    County:

    School Ratings & Info

    School District:

    Description

    CONFIDENTIAL LISTING: Pride of ownership is readily apparent in both the physical appearance and the financial details for this six property portfolio. All 37 units (consisting of 9 apartments and 28 furnished rooms) have been continuously rented at near 0% vacancy for years. This is a turn-key opportunity for any investor as there is no deferred maintenance on six properties located in the high-demand area of downtown Allentown. Rents are still slightly below market and all properties and units will have up-to-date and clear Allentown Certificate of Occupancy Permits prior to sale. All six properties are within 1 mile of each other in center city Allentown surrounding the designated Neighborhood Improvement Zone. Please register via the Covenant of Confidentiality. Guided group tour led by the owner is scheduled for Saturday, February 2 at 11:00 a.m. Please submit offers by Wednesday, February 6th at 5:00 p.m. EST.

    Monthly Payment Calculator

    ©2019 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2019-11-14T23:52:19.267.
    www.bremove.com/homes/91340318

    Portfolio-6 Bldg-37 Units ALLENTOWN, PA 18102

    • Price: $2,299,999
    • Status: Active
    • ID#: PALH109164
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1900
    Built
    Neighborhood:
    Old Allentown
    County:
    Lehigh
    Area:
    Allentown City (12302)
    School District:
    Allentown
    Property Description
    CONFIDENTIAL LISTING: Pride of ownership is readily apparent in both the physical appearance and the financial details for this six property portfolio. All 37 units (consisting of 9 apartments and 28 furnished rooms) have been continuously rented at near 0% vacancy for years. This is a turn-key opportunity for any investor as there is no deferred maintenance on six properties located in the high-demand area of downtown Allentown. Rents are still slightly below market and all properties and units will have up-to-date and clear Allentown Certificate of Occupancy Permits prior to sale. All six properties are within 1 mile of each other in center city Allentown surrounding the designated Neighborhood Improvement Zone. Please register via the Covenant of Confidentiality. Guided group tour led by the owner is scheduled for Saturday, February 2 at 11:00 a.m. Please submit offers by Wednesday, February 6th at 5:00 p.m. EST.
    Exterior Features

    Construction Materials Brick Garage YN No Parking Types Off StreetOn Street Riparian Rights YN No Water Access YN No Water Oriented YN No Waterfront YN No

    Interior Features

    Building Area Total 0.00 Cooling Window Unit(S) Heating Forced Air Heating YN Yes Net Square Feet 0.00

    Property Features

    Acceptable Financing CashConventional Accessibility Features None Annual Gross Expense 96057.00 Association YN No Business Type Apartment Building Central Air YN No Cooling Fuel Electric Electric Expense 11353.00 Gross Income 279566.00 Heating Fuel Natural Gas Hot Water Natural Gas Insurance Expense 11358.00 Maintenance Expense 11488.00 Navigable Water YN N Net Operating Income 183509.00 New Construction YN No Operating Expense 96057.00 Operating Expense Includes Cable TvInsurance Original MLSNumber 301384807789 Other Expense 14521.00 Owner Pays All UtilitiesCable TvInsuranceRepairsSewerTaxes - Real EstateWater Ownership Interest Fee Simple Possession Negotiable Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 28218.0 Tax Assessment Amount 0.0 Total Actual Rent 291280.00 Vacation Rental YN No Water Source Public Zoning Rh And Rm

    Listing courtesy of Howard Hanna The Frederick Group.
    ©2019 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2019-11-14T23:52:19.267.
     
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