PA > Allentown
Allentown, PA 18101,827-829 LINDEN ST W
Allentown, PA 18101,827-829 LINDEN ST W
Allentown, PA 18101,827-829 LINDEN ST W
Allentown, PA 18101,827-829 LINDEN ST W
Allentown, PA 18101,827-829 LINDEN ST W
Allentown, PA 18101,827-829 LINDEN ST W
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Melissa Washington

Melissa Washington

+1(410) 988-3622
Listed by james J Reardon • eXp Commercial
$ 1,325,000
Est. payment | /mo

6,788 SqFt

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$ 1,325,000
Est. payment | /mo
Save Virtual Tour

6,788 SqFt

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 6,788 sqft

Price per Sqft $195

MLS Listing ID PALH2012548

Year Built 1900

Annual Tax Amount $9,384

Tax Year 2023

Lot Size 2,613 Sqft

Acres 0.06

Lot Dimensions 20.00 x 140.00

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

OWN A CITY BLOCK generating $126,000 Gross Income & LOW expenses giving the lucky buyer a $105,441 NET INCOME, 7.67% CAP RATE. This property would be 10X if in NYC. This stunning, cash-flowing, turnkey, 7-unit investment property has gorgeous curb appeal and has been completely renovated from TOP to Bottom with NEW Hardwood Floors, New PEX plumbing, NEW Kitchens with new cabinets and mostly stainless steel appliances, New windows throughout, NEW Laundry Room, New roof, and Newly Paved PRIVATE Parking lot with a few spaces for the tenants. Each unit is massive and has a ton of sunlight. This property is extremely safe, is located next to a beautiful Church, the police station, and across from a massive parking garage that is used for the events held at the famous PPL Center, home of the Phantoms, bringing in hundreds of thousands of fans. This property has guaranteed appreciation and is already rented at high rents to great tenants. One day a massive developer is going to make an offer on this city block and you can get a lottery ticket in a few years while making cash flow and owning an iconic downtown city property. *One of the sellers is a licensed real estate agent.

Location

State PA

County Lehigh

Area Allentown City (12302)

Zoning B-2

Interior

Hot Water Electric

Heating Baseboard - Electric

Cooling Central A/C

Inclusions All appliances

Heat Source Electric

Exterior

Water Access N

Accessibility None

Garage N

Building

Foundation Block, Stone

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Allentown

Others

Tax ID 549790968840-00001

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Conventional, Cash

Listing Terms Conventional, Cash

Financing Conventional,Cash

Special Listing Condition Standard

Virtual Tour https://youtu.be/n_HRruuOXE8

Bright MLS (BMLS)
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(410) 988-3622

melissawashingtonrealtor@gmail.com

10321 Southern Maryland Blvd, Dunkirk, MD, 20754, USA

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827-829 LINDEN ST W