614 N 8th St, Allentown, PA 18102
- $375,000
- 5
- BD
- 3
- BA
- 2,316
- SqFt
- List Price
- $375,000
- MLS#
- 782273
- Status
- ACTIVE
- City
- Allentown
- Area
- Allentown-Central
- County
- Lehigh
- Neighborhood
- Not In Development
- Bedrooms
- 5
- Bathrooms
- 3
- Living Area
- 2,316
- Lot Size
- 2,012
- Year Built
- 1900
Property Description
*Investment Opportunity* Welcome to this lucrative investment opportunity nestled in a prime rental location. This 2-unit property promises not only substantial strong rental income but also desirable amenities, making it an ideal addition to any investor's portfolio. Currently housing a tenant occupied 2-bedroom/1-bath 1st Fl unit with 2 off-street parking spots plus access to the basement for laundry that's rented at $1,250. The vacant spacious renovated 3-bedroom/2-full baths 2nd Fl unit consists of a modern kitchen with newer appliances plus a laundry area that can be easily rented for $1,850. It offers a total net income of $32,585 resulting in an impressive 11% cap rate! Located in a high-demand rental area, this property minimizes the risk of prolonged vacancies contributing to sustained profitability. You also have the flexibility to owner-occupy one unit & keep one unit rented. Seize this opportunity to acquire a lucrative investment property with substantial income potential. Whether you're a seasoned investor or exploring your first venture, this property promises attractive returns & enduring value. Schedule a viewing today & unlock the possibilities of real estate investment success!
Additional Information
- Acres
- 0.05
- Cooling
- None
- Living Area
- 2,316
- Lot Size
- 2,012
- Parking Spaces
- 2
- Region
- Allentown-Central
- School District
- Allentown
- Sewer
- Public Sewer
- Stories
- 3
- Taxes
- $2,558
- Utilities
- Cable Available
- Zoning
- R-Mh-Medium High Density
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Listing provided by Coldwell Banker Hearthside
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