26 S Penn St, Allentown, PA 18102

WOW! This completely gut renovated 2 unit is beautiful. This property boasts brand new electrical, new plumbing, new insulated sheetrock walls, brand new kitchens and bathrooms, new windows, new flooring throughout, new doors, and over the top shadowboxing and custom trim work! No stone left unturned. Windows are black on the outside, and white inside. Units are bright and airy. With all permits closed out, this building has a fresh CO. Both units are HUGE. The two bedroom is almost 900 square feet, and the three bedroom spanning floors 2 and 3 is almost 1400 square feet. Delivered vacant, you can pick your own tenants, or live in one unit and rent the other. Rents projected at $1950 for the 3 bedroom, and $1500 for the two bedroom. NOI projected to be about $32,000 per year (check attached pro forma). Makes this almost new construction property a 9.15% cap rate!