1 of 37
Tools
Size
10
Bedrooms
6
Full Baths
3,528 Sq Ft.
interior
0.05 Acres
Exterior
Financial
$479,000
Change Currency
$136
Price Per Sqft
$4,354
Annual taxes
Listing Details
Multi Family
Property type
1915
Year Built
11448016
Web Id
739226
MLS ID
6
Days Posted
Description
334 Law Street, Allentown, PA 18102
***Highest & Best due Tuesday (6/11) by 6pm*** Welcome to your next lucrative investment in the heart of a thriving rental market! This renovated 4-unit bldg offers an exceptional opportunity for any buyer. This property promises excellent rental income potential with a current annual income of $57,600, boasting a solid 10.25% cap rate: (2) 1BR/1BA apts at $900/mth & (2) 4BR/2BA apts at $1500/mth. Along with new siding & roof, all of the 4 units have been renovated: updated kitchens/bathrooms, flooring, new HW tanks + clear City CO. Located in a sought-after rental market area, this property benefits from high demand for quality housing. With a strong tenant pool & consistent rental history, you can expect minimal vacancies & reliable income streams. Whether you're an experienced investor or a first-time buyer, this turnkey property offers a hassle-free investment opportunity. With renovations already completed & tenants in place, you can start generating income from day one. Generating an impressive $57,600 in annual income at a 10.25% cap rate, this property offers a solid return on investment. With potential for future rent increases & appreciation you can capitalize on the steady growth of the local rental market. Close to amenities, public transportation & major roads, this property offers convenience & accessibility for tenants. From shopping & dining options to parks & entertainment, everything tenants need is within reach.
This is an Active listing.
Broker Office Phone Number: 610-766-7200
Copyright © 2024Greater 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.
This is an Active listing.
Broker Office Phone Number: 610-766-7200
Copyright © 2024Greater 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.
Price History
date | Price | variance | type |
---|---|---|---|
6/11/2024 | $479,000 | - | Listed |
6/4/2024 | $540,000 | - | off market |
5/8/2024 | $540,000 | - | Listed |
Listing By: IronValley RE of Lehigh Valley via Data Source: Greater Lehigh Valley REALTORS
listing agent: Rick Matos