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Key Details
Sold Price $349,900
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 2,912 sqft
Price per Sqft $120
Subdivision Not In Development
MLS Listing ID 712737
Sold Date 05/20/23
Bedrooms 4
Full Baths 4
Year Built 1885
Annual Tax Amount $8,938
Lot Size 6,011 Sqft
Property Description
Looking for a lucrative investment opportunity? Look no further than this impressive property featuring 4 units, including 3 spacious apartments and 1 commercial storefront. With 2 one-bedroom apartments and a 1 two-bedroom apartment, this income property offers a range of options to meet the needs of your tenants. And if you're looking for a cash cow, this property delivers!
With an 8% plus CAP Rate and a monthly cash flow of over $600 this property definitely meets the criteria for a good investment.
With strong rental income possibilities and low maintenance costs, you can enjoy a steady stream of revenue without breaking the bank on upkeep, centrally located near restaurants, shopping centers, major highways. Whether you're a seasoned real estate investor or just starting out, this property is a smart choice for those seeking a solid return on investment. Don't miss out on this fantastic opportunity to generate passive income through income living – schedule a tour today!
Location
State PA
County Lehigh
Area Allentown-South
Interior
Cooling No Air, Wall AC
Exterior
Parking Features Paved Lot
Garage Spaces 3.0
Building
Story 2.0
Sewer Public
Water Public
New Construction No
Schools
School District Allentown
Others
Financing Cash,Conventional,FHA
Special Listing Condition Not Applicable
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Bought with BHHS Regency Real Estate