Fantastic Allentown 2 unit near West Park -
- **Property Type**: 2-unit building in Allentown.
- **Rental Income**: Gross income of $29,856 and net income of $20,243.
- **Recently renovated 3-bedroom unit in excellent move-in condition and 1 bed 1 bath unit has had cosmetic upgrades in the last 2 years as well.
- **Interior Features**:
- Ceramic tiled kitchen and bathroom.
- Spacious rooms with replacement windows.
- Laminate floors for durability.
- **Utilities**: Separate gas, forced air heating systems.
- **Outdoor Features**: Private, fenced backyard.
- **Roof**: Newer rubber roof.
- **Investment Metrics**:
- Cap rate over 8%.
- Debt coverage ratio (DCR) over 1.35%.
Perfect turn key 2 unit with cashflow or a great "House Hack" opportunity to live in one unit and hedge out your mortgage with the rental income on the other unit. Do not wait on this property!
Sold for $255,000 on 11/08/24
$255,000
122.5 N Franklin St, Allentown, PA 18102
4beds
1,734sqft
Multi Family, Apartment
Built in 1905
-- sqft lot
$263,800 Zestimate®
$147/sqft
$-- Estimated rent
Owner options
What's special
Zillow last checked: 7 hours ago
Listing updated: November 08, 2024 at 09:51am
Listed by:
Frank J. Renaldi, Jr. 484-788-8682,
CENTURY 21 Pinnacle
Bought with:
Jesse S. Moyer, RS288975
IronValley RE of Lehigh Valley
Source: GLVR,MLS#: 745870
Originating MLS: Lehigh Valley MLS

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced Air, Gas
Cooling
- Wall/Window Unit(s)
Interior area
- Total interior livable area: 1,734 sqft
Property
Parking
- Total spaces: 2
Details
- Parcel number: 549669458022001
- Zoning: R-MH
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Apartment
Materials
- Brick
Condition
- Year built: 1905
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available
Community & neighborhood
Location
- Region: Allentown
- Subdivision: Not in Development
Other
Other facts
- Listing terms: Cash,Conventional,FHA,VA Loan
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$263,800
2% more+$5,276
With Zillow Showcase(estimated)$269,076