$ 395,000
22 South 13th Street Allentown City, PA 18102
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$ 395,000
Est. payment | /mo
5 Beds
5 Baths
2,404 SqFt
$ 395,000
Est. payment | /mo
5 Beds
5 Baths
2,404 SqFt
Key Details
Property Type Condo, Townhouse
Sub Type Apartment Style,Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 2,404 sqft
Price per Sqft $164
Subdivision Not In Development
MLS Listing ID 748083
Bedrooms 5
Full Baths 5
Year Built 1905
Annual Tax Amount $2,974
Property Description
Investment Opportunity: 5-Unit Property in Allentown with Income-Generating Potential!
Unlock a unique investment in the heart of Allentown with this versatile 5-unit building designed to maximize rental income! This property includes one spacious apartment and four shared rooms, creating a perfect mix of traditional and co-living spaces. This setup caters to the growing demand for affordable, flexible housing options, ideal for students and young professionals seeking budget-friendly spaces.
Diverse Income Streams: Maximize revenue with both private and co-living spaces, reducing vacancy risks and increasing occupancy.
High Demand Rental Market: Allentown is growing, and there’s an increasing need for affordable housing options. Shared rooms appeal to young professionals and students looking for budget-friendly living, creating a consistent tenant pipeline.
Efficient Management and Turnover: This property’s setup allows for efficient management and faster tenant turnover in shared rooms, making it easier to maintain high occupancy levels.
Value-Add Potential: Minor upgrades could boost rents and enhance property value.
Strong Market Fundamentals: Allentown’s job growth and revitalization create a high-demand rental market, perfect for a stable tenant base.
This is an excellent opportunity to own an income-generating property that benefits from Allentown's rental demand trends and offers versatile leasing options for high returns.
Unlock a unique investment in the heart of Allentown with this versatile 5-unit building designed to maximize rental income! This property includes one spacious apartment and four shared rooms, creating a perfect mix of traditional and co-living spaces. This setup caters to the growing demand for affordable, flexible housing options, ideal for students and young professionals seeking budget-friendly spaces.
Diverse Income Streams: Maximize revenue with both private and co-living spaces, reducing vacancy risks and increasing occupancy.
High Demand Rental Market: Allentown is growing, and there’s an increasing need for affordable housing options. Shared rooms appeal to young professionals and students looking for budget-friendly living, creating a consistent tenant pipeline.
Efficient Management and Turnover: This property’s setup allows for efficient management and faster tenant turnover in shared rooms, making it easier to maintain high occupancy levels.
Value-Add Potential: Minor upgrades could boost rents and enhance property value.
Strong Market Fundamentals: Allentown’s job growth and revitalization create a high-demand rental market, perfect for a stable tenant base.
This is an excellent opportunity to own an income-generating property that benefits from Allentown's rental demand trends and offers versatile leasing options for high returns.
Location
State PA
County Lehigh
Area Allentown-Central
Interior
Cooling No Air
Building
Sewer Public
Water Public
New Construction Yes
Schools
School District Allentown
Others
Financing Cash,Conventional,FHA,VA
Special Listing Condition Not Applicable
Listed by Steel City Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
heather.m@morganelliproperties.com
1124 Linden Street, Bethlehem, Pennsylvania, 18018, USA