614 8th Street
Allentown,
PA
18102
Property Details
List Price: |
$295,000 |
Beds: |
5 |
Baths: |
3 |
Status: |
Active |
SqFt: |
2316 |
Agency: |
Iron Valley Real Estate of Lehigh Valley |
Description/Comments
Lot Size: |
-- |
Property Type: |
Residential |
Year Built: |
1900 |
Notes: |
*Investment Opportunity* Welcome to this lucrative investment opportunity nestled in a prime rental location. This 2-unit property promises not only substantial strong rental income but also desirable amenities, making it an ideal addition to any investor's portfolio. Currently housing a tenant occupied 2-bedroom/1-bath 1st Fl unit with 2 off-street parking spots plus access to the basement for laundry that's rented at $1,250. The vacant spacious renovated 3-bedroom/2-full baths 2nd Fl unit consists of a modern kitchen with newer appliances plus a laundry area that can be easily rented for $1,850. It offers a total net income of $32,585 resulting in an impressive 11% cap rate! Located in a high-demand rental area, this property minimizes the risk of prolonged vacancies contributing to sustained profitability. You also have the flexibility to owner-occupy one unit & keep one unit rented. Seize this opportunity to acquire a lucrative investment property with substantial income potential. Whether you're a seasoned investor or exploring your first venture, this property promises attractive returns & enduring value. Schedule a viewing today & unlock the possibilities of real estate investment success! The seller will provide a clear certificate of occupancy from the City of Allentown. |
MlsNumber: |
734797 |
Estimate Your Monthly Payment
Listing Provided By: |
Iron Valley Real Estate of Lehigh Valley, original listing |
Name: |
Iron Valley Real Estate of Lehigh Valley |
Phone: |
(484) 241-1011 |
Office Name: |
IronValley RE of Lehigh Valley |
Office Phone: |
(610) 766-7200 |
Agent Name: |
Rick Matos |
Disclaimer: |
Copyright © 2024 Greater Lehigh Valley REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |