204 N 9th St, Allentown, PA 18102

3-unit Historic building 2 blocks from PPL building. Projected $49800 gross $42000 Net income 10% cap. Actuals rents are $1400/$1300 and $850 $42600 gross actual. All the utilities are separate so tenants pay, and the water is metered separated so you can charge tenants. Furnaces are 5 years old. Newer water heaters, Owner redid kitchens and has fixed all that has been needed. The 3 bedrooms easily can be $1550, and the 1 bedroom can be $1100. The units are large with beautiful wood floors throughout. The owner has painstakingly brought the historic look back to the building all repainted front with beautiful entranceway, He has all the wood floors back to life, beautiful woodwork in the hallway and stairs. All units are occupied with room to go up on the rents. This is downtown Allentown where it is easy to keep rented. Close to great restaurants and to major roads and highways.