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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

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    $1,598/mo

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    $1,598/mo

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    What's special

    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!

    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#: 745870MLS LogoOriginating 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