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Sold for $340,000 on 10/11/24
  • $340,000

    1124 W Linden St, Allentown, PA 18102

    5beds
    2,583sqft
    Office, Mixed Use, Multi Family, Apartment
    Built in 1900
    -- sqft lot
    $352,300 Zestimate®
    $132/sqft
    $1,656 Estimated rent

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    What's special

    Welcome to this well maintained 2-unit property nestled in a highly sought after neighborhood. This versatile property boasts 2 spacious apts & a storage space with ample square footage for all your storage needs. The detached 3-car garage adds convenience & value. The expansive 1st Fl apt features an open concept layout with a large eat-in kitchen/dining area flowing into a huge living room creating a perfect space for entertaining & family gatherings. This inviting layout ensures comfortable living with ample room for both relaxation & dining. The 2nd Fl apt offers generous living spaces with 2 full modern bathrooms, an updated kitchen & 4 sizable bedrooms. The apt also includes 2 spacious living areas providing flexibility for various living arrangements. Enjoy the outdoors with a walk-out deck which is perfect for relaxing or entertaining guests. This property is not only a comfortable residence but also a lucrative investment opportunity with a clear City CO. A gross income of $51,600 + net income of $45,000 this property boasts a remarkable cap rate of 12.5%. It's an excellent choice for first-time investors seeking a reliable income stream or a seasoned investors looking to expand their portfolio. Don’t miss out on this exceptional property that combines residential comfort & business potential!

    Zillow last checked: 7 hours ago

    Listing updated: October 15, 2024 at 12:15pm

    Listed by:

    Rick Matos 484-515-8705,

    IronValley RE of Lehigh Valley

    Bought with:

    Elias G. Boutros, RS293806

    TSB Property

    Source: GLVR,MLS#: 739703MLS LogoOriginating MLS: Lehigh Valley MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 4
    • Full bathrooms: 4
    Heating
    • Electric
    Cooling
    • Wall/Window Unit(s)
    Interior area
    • Total interior livable area: 2,583 sqft

    Property

    Parking
    • Total spaces: 3
    • Parking features: Detached, Garage
    • Has garage: Yes
    Features
    • Stories: 2
    Lot
    • Size: 3,659 sqft
    Details
    • Parcel number: 549689482655001
    • Zoning: R-H-HIGH DENSITY RESIDENT
    • Special conditions: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Office, Mixed Use, Multi Family, Apartment
    Materials
    • Brick
    Condition
    • Year built: 1900

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Allentown
    • Subdivision: Not in Development

    Other

    Other facts
    • Listing terms: Cash,Conventional
    Sell for more on Zillow
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    $352,300
    2% more+$7,046
    With Zillow Showcase(estimated)$359,346