Allentown, PA 18102,PORTFOLIO-6 BLDG-37 UNITS
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Allentown, PA 18102,PORTFOLIO-6 BLDG-37 UNITS
Allentown, PA 18102,PORTFOLIO-6 BLDG-37 UNITS
Allentown, PA 18102,PORTFOLIO-6 BLDG-37 UNITS
Allentown, PA 18102,PORTFOLIO-6 BLDG-37 UNITS

$2,000,000

Est. payment /mo

$2,299,999

13.0%
Est.Price: ?

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PORTFOLIO-6 BLDG-37 UNITS Allentown, PA 18102

SOLD DATE : 02/20/2020

Key Details

Sold Price $2,000,000

Property Type Commercial

Sub Type Five Or More Units

Listing Status Sold

Purchase Type For Sale

Subdivision Old Allentown

MLS Listing ID PALH109164

Sold Date 02/20/20

HOA Y/N N

Originating Board BRIGHT

Year Built 1900

Annual Tax Amount $28,218

Tax Year 2018

Property Description

CONFIDENTIAL LISTING: Pride of ownership is readily apparent in both the physical appearance and the financial details for this six property portfolio. All 37 units (consisting of 9 apartments and 28 furnished rooms) have been continuously rented at near 0% vacancy for years. This is a turn-key opportunity for any investor as there is no deferred maintenance on six properties located in the high-demand area of downtown Allentown. Rents are still slightly below market and all properties and units will have up-to-date and clear Allentown Certificate of Occupancy Permits prior to sale. All six properties are within 1 mile of each other in center city Allentown surrounding the designated Neighborhood Improvement Zone. Please register via the Covenant of Confidentiality. Guided group tour led by the owner is scheduled for Saturday, February 2 at 11:00 a.m. Please submit offers by Wednesday, February 6th at 5:00 p.m. EST.

Location

State PA

County Lehigh

Area Allentown City (12302)

Zoning RH AND RM

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Window Unit(s)

Heat Source Natural Gas

Exterior

Water Access N

Accessibility None

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Allentown

Others

Tax ID NO TAX RECORD

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Carrie C Ward • Howard Hanna The Frederick Group
Bought with Carrie C Ward • Howard Hanna The Frederick Group

Michael Habib

Agent | License ID: 2185004

+1(201) 250-9161

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