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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

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    $1,444/mo

    Est. payment

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    $1,444/mo

    Est. payment

    What's special

    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!

    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#: 732484MLS LogoOriginating 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