310 N N 9th St

Allentown, PA 18102

Projected $39600 gross $28500 net income 9.8% cap rate. This has a fully renovated 2-bedroom 1st floor apartment with all wood floors and nice kitchen. Good sized bedrooms and living space, Access to the basement for storage. Access to the backyard. The 2nd apartment is the 2nd and 3rd floors with 3-4 bedrooms and 2 full baths. Wood floors., nice sized rooms, large closets. Eat-in kitchen and also access to large outside deck. Rent the 1st floor for $1400 and 2ndfloor for $1800. Throw in the garage to one of the tenants for $200! And you can get to $3400 a month and get up to $40,800 gross rents. I actually used lower numbers and you can see how this will exceed and be over 10% cap rate. We can deliver vacant or will fill tenants for a buyer. This would be GREAT for a owner operator, Live and get enough rent to cover your mortgage payments! The numbers include all expenses/taxes and vacancy so will be easy to keep fully occupied and make great cash flow.