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614 8th Street
Allentown, PA 18102

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Property Details


List Price: $295,000
Beds: 5
Baths: 3
Status: Active
SqFt: 2316
Agency: Iron Valley Real Estate of Lehigh Valley

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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


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.


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