3 Beds
3 Baths
1,950 SqFt
3 Beds
3 Baths
1,950 SqFt
Key Details
Property Type Townhouse
Sub Type Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 1,950 sqft
Price per Sqft $230
Subdivision Not In Development
MLS Listing ID 785877
Bedrooms 3
Full Baths 3
HOA Y/N No
Year Built 1900
Annual Tax Amount $2,503
Lot Size 1,045 Sqft
Acres 0.024
Property Sub-Type Townhouse
Property Description
Add a versatile income-producing property to your portfolio with this three-unit apartment building in the heart of Allentown! Each unit offers one bedroom and one full bathroom, providing a practical rental layout for tenants. The current tenants keep their apartments clean, and the utility setup helps keep ownership expenses manageable, with tenants responsible for their own heat and electric while the owner pays for water.
Looking beyond the current rental income? This property may offer an exciting future development opportunity. The potential to build up to seven stories could create additional possibilities for expanded income or redevelopment, subject to verification and approval by the City of Allentown. Buyers are encouraged to independently confirm current zoning, permitted uses, building height, density, and all applicable development requirements with the City.
Conveniently located near shopping, restaurants, parks, and major highways, this property offers both accessibility and long-term investment potential. Whether you're expanding your rental portfolio or exploring future development opportunities, this Allentown property is worth a closer look!
Location
State PA
County Lehigh
Area Allentown-Central
Direction West on Turner St between 7th and 8th St on the right hand side
Interior
Heating Baseboard
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Water Access Desc Public
Building
Story 3
Sewer Public Sewer
Water Public
Schools
School District Allentown
Others
Senior Community No
Tax ID 640701420499-1
Special Listing Condition None
Nearby Locations
"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