Attention savvy investors! Get ready to elevate your portfolio with this exceptional two-unit property located at 117.5 N Penn St in Allentown. Boasting a rare combination of a 1-bedroom and a 4-bedroom unit, this property promises diverse rental income streams. With a gross income of $27,000 and a net income of $23,252 annually, this investment is a true cash cow. Priced competitively at $230,000, and with the owner responsible for taxes, trash, and insurance, managing this property is a breeze. Tenants handle all other utilities, further enhancing your return. Situated in a prime location in Allentown, this property offers tremendous rental potential. Don't miss out on this golden opportunity to secure a lucrative investment with a strong cap rate for this area. Act now and make this income-generating asset yours today!
Sold for $230,000 on 06/03/24
$230,000
117.5 N Penn St, Allentown, PA 18102
5beds
1,200sqft
Townhouse, Multi Family
Built in 1895
871.2 Square Feet Lot
$244,000 Zestimate®
$192/sqft
$-- Estimated rent
Owner options
What's special
Zillow last checked: 7 hours ago
Listing updated: June 04, 2024 at 07:08am
Listed by:
Jennifer L. DeJesus 610-217-6330,
Steel City Realty
Bought with:
Marianita Velez
Better Homes&Gardens RE Valley
Source: GLVR,MLS#: 732484
Originating MLS: Lehigh Valley MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Baseboard, Electric
Cooling
- None
Interior area
- Total interior livable area: 1,200 sqft
Property
Parking
- Parking features: No Garage, On Street
- Has uncovered spaces: Yes
Features
- Levels: Two and One Half
- Stories: 2
Lot
- Size: 871.20 sqft
Details
- Parcel number: 640721160538001
- Zoning: R-H-HIGH DENSITY RESIDENT
- Special conditions: None
Construction
Type & style
- Home type: Townhouse
- Property subtype: Townhouse, Multi Family
Materials
- Brick
Condition
- Year built: 1895
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Location
- Region: Allentown
- Subdivision: Not in Development
Other
Other facts
- Listing terms: Cash,Conventional
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$244,000
2% more+$4,880
With Zillow Showcase(estimated)$248,880