442 N 5th St, Allentown, PA 18102

442 N 5th St has 8 LARGE AND UPDATED 1 bedroom units with a secure and gated parking lot for the tenants. 6 units have been recently RENOVATED with NEW KITCHENS, BATHROOMS,FLOORING, WINDOWS, NEW FRONT DOOR and NEW RUBBER ROOF completed 2021! GROSS INCOME~ $89220 ~ 5.9% CAP RATE with units paying below market rent for location and additional parking rent. The units are light and bright with high ceilings generous size rooms and good storage. The complex has been well maintained and cared for and shows nicely. 7.3 CAP with MARKET RENTS, Some UNITS could be RECONFIGURED to be TWO BEDROOM UNITS and have capacity to have washer/dryers in units. The building is located in a very residential part of the city with a playground and park near by and is also close to PPL Center, restaurants, transportation, shopping and schools. SEE VIDEO and schedule a appointment! Please contact for showings and provide Proof of Funds 2023-07-05