134 138 7th Active Save Request In-Person Tour Request Virtual Tour
Allentown City,PA 18101
Key Details
Property Type Condo, Commercial
Sub Type Apartment Style,Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 12,214 sqft
Price per Sqft $200
Subdivision Not In Development
MLS Listing ID 729724
Bedrooms 17
Full Baths 12
Half Baths 2
Year Built 1900
Annual Tax Amount $10,745
Lot Size 6,379 Sqft
Property Description
Property sold with Clear CO!! Developers Dream! Located in the NIZ Neighborhood Improvement Zone and Opportunity Zone this investment opportunity consists of 15 Units - 12 Residential Units and 3 commercial spaces. Because of its proximity to the new Downtown development this property is a great opportunity for a developer to demo/repurpose the building or renovate what’s existing and raise rents. All units have room to renovate and raise rents making it a great value add opportunity. All units have electric heat and hot water and electric ranges - all units have separate utilities. The property has frontage facing 7th Street and which is the main arteries into downtown Allentown. Located steps from the new downtown development which includes over 1 Billion Dollars of development - the PPL Event Center, Restaurants, Retail, Nightlife, and so much more. 134 - 138 N. 7th Street is an excellent long term value add opportunity in the most up and coming area in Allentown. This property is a must see!
Location
State PA
County Lehigh
Area Allentown-Central
Interior
Cooling No Air
Exterior
Parking Features None
Building
Story 3.0
Sewer Public
Water Public
New Construction No
Schools
School District Allentown
Others
Financing Cash,Conventional
Special Listing Condition Not Applicable