3-unit Projected 9.51% cap% at asking price. PROJECTED Potential $36,000 gross or more income and $28,551 Net income. That number includes using property management which could be transferred to new owner-or manage yourself and save. That includes projected rent of $1150 for the vacant which we will leave vacant as someone can buy and be an owner-occupant! Owners will rent out before closing if buyers ask for that. Owners recently invested $15K into this all-brick, 3-unit multifamily, located in the heart of Allentown with amazing curb appeal, parking in the rear, and recent improvements including NEW flooring in some units, updated plumbing with PEX piping and updated electrical. Offered with a CLEAR CO (certificate of occupancy). Parking spots behind the building could be increased. The property is walking distance to center city Allentown, next to new construction luxury apartments, and a few blocks from the new PPL Event Center, Da Vinci Science Center, Restaurants, Retail, Nightlife, and so much more. The seller has a few other properties to be listed shortly if someone wants to increase their quickly. One of the sellers is a licensed RE agent.
Sold for $265,000 on 09/28/23
$265,000
425 W Liberty St, Allentown, PA 18102
3beds
3baths
1,792sqft
Townhouse
Built in 1898
-- sqft lot
$309,100 Zestimate®
$148/sqft
$2,094 Estimated rent
Owner options
What's special
Zillow last checked: 7 hours ago
Listing updated: September 28, 2023 at 05:02pm
Listed by:
james Reardon 484-866-2495,
eXp Commercial
Bought with:
james Reardon, RS342638
eXp Commercial
Source: Bright MLS,MLS#: PALH2006076
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
Basement
- Area: 0
Heating
- Baseboard, Electric
Cooling
- Window Unit(s)
Appliances
- Included: Electric Water Heater
Features
- Basement: Concrete,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 1,792
- Total interior livable area: 1,792 sqft
Property
Parking
- Total spaces: 2
- Parking features: Free, Off Street, On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: 2+ Access Exits
Features
- Exterior features: Lighting, Sidewalks, Street Lights
- Pool features: None
- Has view: Yes
- View description: City
Lot
- Size: 1,920 sqft
- Dimensions: 16.00 x 120.00
- Features: Unknown Soil Type
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 64071345757400001
- Zoning: R-MH
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Townhouse
Materials
- Brick
- Foundation: Stone
Condition
- Good
- New construction: No
- Year built: 1898
Utilities & green energy
- Electric: 100 Amp Service
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Allentown
- Municipality: ALLENTOWN CITY
HOA & financial
Other financial information
- Total actual rent: 36000
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Income includes: Apartment Rentals
- Listing terms: Conventional,FHA,Cash
- Ownership: Fee Simple
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$309,100
2% more+$6,182
With Zillow Showcase(estimated)$315,282