Listed by Steel City Realty
$325,000
3 Unit in Allentown (424 N 6th)
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,610
Units 3
Cap Rate 8.86%
NOI $28,781
Occupancy 100%
Price per SqFt $125
Year Built 1890
Buildings 1
Stories 3
Parking Spaces 2 spaces
Parking Per SqFt 0.77
Multifamily | 3 Units | $108,333/unit
Marketing description
Fully Occupied 3-Unit Investment Property with Parking – Allentown, PA Excellent opportunity to own a fully leased 3-unit building in Allentown with off-street parking. Unit 2 pays all utilities, while the landlord currently covers water, sewer, and trash for Units 1 and 3—offering a clear path to increase cash flow by shifting utilities to tenants at renewal. A strong value-add opportunity with potential to become a near expense-free asset.
Listing Contacts
Listed by Steel City Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$28,781.00
$2,398.42/mo
Valuation Metrics
0
DSCR
8.86%
Cap Rate
8.86%
ROI
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