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Sold for $470,000 on 07/18/24
  • $470,000

    334 N Law St, Allentown, PA 18102

    10beds
    3,528sqft
    Duplex, Multi Family, Multi Family, Apartment, Single Family Residence
    Built in 1915
    -- sqft lot
    $493,900 Zestimate®
    $133/sqft
    $1,616 Estimated rent

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    What's special

    ***Highest & Best due Tuesday (6/11) by 6pm*** Welcome to your next lucrative investment in the heart of a thriving rental market! This renovated 4-unit bldg offers an exceptional opportunity for any buyer. This property promises excellent rental income potential with a current annual income of $57,600, boasting a solid 10.25% cap rate: (2) 1BR/1BA apts at $900/mth & (2) 4BR/2BA apts at $1500/mth. Along with new siding & roof, all of the 4 units have been renovated: updated kitchens/bathrooms, flooring, new HW tanks + clear City CO. Located in a sought-after rental market area, this property benefits from high demand for quality housing. With a strong tenant pool & consistent rental history, you can expect minimal vacancies & reliable income streams. Whether you're an experienced investor or a first-time buyer, this turnkey property offers a hassle-free investment opportunity. With renovations already completed & tenants in place, you can start generating income from day one. Generating an impressive $57,600 in annual income at a 10.25% cap rate, this property offers a solid return on investment. With potential for future rent increases & appreciation you can capitalize on the steady growth of the local rental market. Close to amenities, public transportation & major roads, this property offers convenience & accessibility for tenants. From shopping & dining options to parks & entertainment, everything tenants need is within reach.

    Zillow last checked: 7 hours ago

    Listing updated: July 19, 2024 at 02:13pm

    Listed by:

    Rick Matos 484-515-8705,

    IronValley RE of Lehigh Valley

    Bought with:

    Matt Ricchio, RS347298

    Keller Williams Allentown

    Source: GLVR,MLS#: 739226MLS LogoOriginating MLS: Lehigh Valley MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 10
    • Bathrooms: 6
    • Full bathrooms: 6
    Heating
    • Electric
    Cooling
    • None
    Interior area
    • Total interior livable area: 3,528 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Off Street, Parking Pad, On Street
    • Has uncovered spaces: Yes
    Features
    • Stories: 3
    Lot
    • Size: 2,090 sqft
    Details
    • Parcel number: 640712055671001
    • Zoning: R-MH-MEDIUM HIGH DENSITY
    • Special conditions: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Duplex, Multi Family, Multi Family, Apartment, Single Family Residence
    Materials
    • Brick, Vinyl Siding
    Condition
    • Year built: 1915

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Allentown
    • Subdivision: Not in Development

    Other

    Other facts
    • Listing terms: Cash,Conventional
    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $493,900
    2% more+$9,878
    With Zillow Showcase(estimated)$503,778