701 N Jordan St, Allentown, PA 18102
- $649,900
- 6
- BD
- 5
- BA
- 4,120
- SqFt
- List Price
- $649,900
- MLS#
- 779785
- Status
- ACTIVE
- City
- Allentown
- Area
- Allentown-Central
- County
- Lehigh
- Neighborhood
- Not In Development
- Bedrooms
- 6
- Bathrooms
- 5
- Living Area
- 4,120
- Lot Size
- 2,657
- Year Built
- 1904
Property Description
This 5-unit mixed-use property offers two buildings on a single deed and a diversified income mix just a few blocks from the Allentown Waterfront development already reshaping this corridor. Unit 1 is a bar/restaurant with 2 bathrooms, Unit 2 is a mini mart, Unit 3 is a 1-bedroom/1-bathroom apartment currently owner-occupied and will be delivered at closing, Unit 4 is a 3-bedroom/1-bathroom apartment currently tenanted, and Unit 5 is a 3-bedroom/1-bathroom apartment currently tenanted with water included in the rent. The commercial spaces will be delivered vacant of business operations, giving a new owner a clean slate to operate, re-lease, or explore alternative uses with the city. With five diverse income streams under one deed, the upside potential here is significant for the right investor. Liquor license does not convey and must be obtained separately. This property has been family-owned for generations, the current owner is ready to retire and motivated to close. Do not let this one pass you by.
Additional Information
- Acres
- 0.06
- Cooling
- Central Air, Window/Wall, Window/Wall
- Interior Features
- Wired for Data
- Living Area
- 4,120
- Lot Size
- 2,657
- Region
- Allentown-Central
- School District
- Allentown
- Sewer
- Public Sewer
- Taxes
- $7,895
- Utilities
- Cable Available
- Zoning
- B1/R
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Listing provided by EXP Realty LLC
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