702 8Th Street, Allentown, PA 18103

parkingSpaces 2
|Apartment
THB ฿16,727,154
USD $499,900
Published on: 10 Aug 2024
Last updated on: 24 Sep 2024
702 8Th Street, Allentown, PA 18103
702 8Th Street, Allentown, PA 18103
702 8Th Street, Allentown, PA 18103
+44
702 8Th Street, Allentown, PA 18103
  • 44
Property ID: 110093763659
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Apartment Style - Allentown, PA

702 8Th Street, Allentown, PA 18103
TURN-KEY INVESTMENT OPPORTUNITY in sought-after Downtown location. This 4-unit property has been fully-renovated from top to bottom, inside & out with nothing left to do but produce positive cashflow. Consisting of TWO 2-bed, 1-bath units that are renovated with new kitchens, baths, and brand new HVAC systems, another BRAND NEW 2-bed, 1-bath unit approx 1300+/- sq ft ready for occupancy, PLUS approx 1800+ sq ft lower level with 2 outside entrances for owner use/storage, or create additional cashflow. Current rents are $1,250/m(long term tenant), $1,500/m, & $2,000/m(projected), totaling $57,000/y gross income with NOI over $41,000/year, without including the entire lower level!! Recent updates throughout the building include: New Vinyl Facade, New Vinyl Windows throughout, New Decks, New Kitchens w/ Granite Tops, New HVAC units(all heat pumps w/ A/C), New Baths, Brand New 4 Meter Gang Electric Service. Truly a unique property that will not disappoint, don't miss out, schedule today!

Property Details

Basic Info

Property Type
Apartment
Listing Status
Active
Parking Spaces
2
Land Size
319.70 m2
Building Size
458.10 m2
Year Built
1930
Architecture Style
Other
Building Unit Count
4
Num Floors
2
County
Lehigh
Provider
Home Team Real Estate
Subdivision
Not in Development
Brokerage Office Name
Home Team Real Estate
Brokerage Office Phone
(610) 419-8888
Neighbourhoods
Allentown-South
Address
702 8Th Street, Allentown, PA 18103

Nearby Schools

TypeSchool nameDistrict name
ElementaryNot availableAllentown
HighNot availableAllentown
JuniorhighNot availableAllentown
MiddleNot availableAllentown
Contact Agent
Jesse J. Chupella
52 Highland Ave, Ste B, Bethlehem, PA 18017
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Jesse J. Chupella
52 Highland Ave, Ste B, Bethlehem, PA 18017
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      Property ID: 110093763659

      Data provided by Home Team Real Estate, MLS #: 743175
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