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Pumsu Lim

stagesite-2.test@chime.me +1(506) 970-3459

$ 575,000

Est. payment | -/mo

2,220 Sqft Lot

Save

$ 575,000

Est. payment | -/mo

Save

2,220 Sqft Lot

Open House

Fri Apr 24, 3:00pm - 5:00pm

Key Details

Property Type Multi-Family

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Lot Size 2,220 Sqft

MLS Listing ID PALH2015224

Style Other

Total Units 4

Short Sale No

Originating MLS BRIGHT

Property Description

Annual Income: $61,020.00 Net Operating Income (NOI): $48,499.06. Prime Investment Opportunity: Turn-Key 4-Unit 100% occupied Brick Multi-Family in Allentown. Presenting a meticulously maintained, all-brick 4-unit residential building located in the heart of Allentown at 135 N 8th Street. This property offers a robust mix of units and consistent cash flow, making it an ideal addition to a savvy investor's portfolio or a perfect house-hacking opportunity. Right in the heart of the Old Allentown Historic District. Situated just one minute from the vibrant center of Allentown, this property offers a rare combination of historical charm and steady cash flow in one of the city's most sought-after rental corridors.Property Overview This fully occupied multi-family building is a turnkey opportunity for seasoned investors or those looking to expand their portfolio in a high-demand areaFinancial Performance :efficient Expense Ratio: Low owner-paid utilities and well-managed operating costs. Unit Breakdown & Revenue The building features a diverse unit mix to maximize occupancy and appeal to a wide range of tenants. Property Features & Updates Solid Construction: Classic all-brick exterior provides durability and timeless curb appeal with minimal maintenance.Prime Location: Situated in the 18102 zip code, tenants enjoy easy access to downtown Allentown's amenities, dining, and public transportation.Proven Track Record: Conservative 5% vacancy is already factored into the financial projections, showing a high-performing asset.Investment Summary with a Net Profit of over $48,000 annually, this property stands out as a high-yield asset in a growing market. The heavy lifting has been done—bring your portfolio to the next level with this stable, brick-and-mortar investment.Schedule your private showing today and secure your position in the Allentown rental market. Seller has a lot more properties to sell. 106 N 8th is also listed-1 block away. Looking to expand your portfolio? Like this property all of his properties are fully occupied and all are renovated--not a rug in any of them! Showings will be limited to accomadate tenants. Property will be sold with a cleared CO from the city of Allentown!

Location

State PA

County Lehigh

Area Allentown City (12302)

Zoning B-2

Interior

Hot Water Electric

Heating Baseboard - Electric

Cooling None

Flooring Ceramic Tile, Engineered Wood, Luxury Vinyl Plank

Fireplace N

Heat Source Electric

1-purchase type For Sale

Exterior

Waterfront N

Water Access N

Roof Type Architectural Shingle

Accessibility 2+ Access Exits

Parking Type On Street

Building

New Construction N

Foundation Brick/Mortar, Stone, Concrete Perimeter

Lot Dimensions 19.00 x 120.00

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade, Below Grade

Schools

School District Allentown

Others

Tax Amount $4,029

Tax Year 2025

Tax ID 640701216295-00001

Ownership Fee Simple

Special Sale Standard

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Listed by james Reardon • eXp Commercial

135 N 8TH ST Allentown, PA 18102