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  • $229,000

    1406 S Jefferson St, Allentown, PA 18103

    3beds
    2,288sqft
    Single Family Residence
    Built in 1944
    5,575 sqft lot
    $248,600 Zestimate®
    $100/sqft
    $-- HOA

    What's special

    Introducing an exceptional Home for the near Future, OR investment opportunity in Allentown! This three-bedroom single-family home at 1406 S Jefferson St, currently leased until 10/31/24 with tenants in place since 10/2022, offers a remarkable gross income of $22,992 and a substantial net income of $19,346.68. With tenants covering all utilities and the owner handling taxes, insurance, and trash removal, this property is hassle-free. Additionally, the well-maintained, fenced yard and parking space for up to three cars in the driveway enhance its appeal. Priced competitively at $230,000, this property boasts an attractive cap rate of approximately 8.41%, ensuring a solid return on your investment. Don't miss out on this golden opportunity to diversify your portfolio with a property that combines reliable income and great features. Contact us today, and secure your investment in this Allentown gem!

    Zillow last checked: 7 hours ago

    Listing updated: February 29, 2024 at 05:14am

    Listed by:

    Jennifer L. DeJesus 610-217-6330,

    Steel City Realty

    Bought with:

    Jeremy E. Wheeler

    IronValley RE of Lehigh Valley

    Source: GLVR,MLS#: 732150MLS LogoOriginating MLS: Lehigh Valley MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 1
    • 1/2 bathrooms: 1
    Dining room
    • Features: Dining Area
    Kitchen
    • Features: Eat-in Kitchen
    Heating
    • Baseboard, Electric, Oil
    Cooling
    • None
    Appliances
    • Included: Washer, Refrigerator, Electric Water Heater
    Features
    • Basement: Full
    • Has fireplace: No
    Interior area
    • Total structure area: 2,288
    • Total interior livable area: 2,288 sqft
    • Finished area above ground: 1,144
    • Finished area below ground: 1,144

    Property

    Parking
    • Total spaces: 3
    Features
    • Stories: 2
    Lot
    • Size: 5,575 sqft
    • Features: 1-6000 sq. ft.
    Details
    • Parcel number: 549693038168001
    • Zoning: R-M-MEDIUM DENSITY RESIDENTIAL

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Other
    • Property subtype: Single Family Residence
    • Attached to another structure: Yes
    Materials
    • Brick
    • Roof: Asphalt
    Condition
    • Year built: 1944

    Utilities & green energy

    • Electric: Circuit Breakers, 200 Amp Service
    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Security
    • Security features: Smoke Detector(s)
    Location
    • Region: Allentown
    • Subdivision: Not in Development

    HOA & financial

    HOA
    • Has HOA: Yes

    Other

    Other facts
    • Listing terms: Cash,Conventional
    • Ownership: Fee Simple
    Services availability
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    An equal housing lender. NMLS #10287.

    Sell for more than others on Zillow

    Get a complimentary Zillow Showcase℠ listing and you could sell for .

    $248,600
    2% more+ $4,972
    With Showcase(estimated)
    $253,572