827-829 LINDEN ST W new to site Save Request In-Person Tour Request Virtual Tour
Allentown,PA 18101
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