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Sold for $265,000 on 06/14/24
  • $265,000

    508 N Silk St, Allentown, PA 18102

    6beds
    --sqft
    Multi Family
    Built in 1917
    -- sqft lot
    $280,600 Zestimate®
    $--/sqft
    $1,637 Estimated rent

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    $1,637/mo

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    $1,637/mo

    Rent Zestimate®

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    $1,660/mo

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    $1,660/mo

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    What's special

    Welcome to your next lucrative investment opportunity in the heart of Center City Allentown! Introducing a fantastic 2-unit duplex strategically located near public transportation hubs, ensuring convenient access for tenants and maximizing rental potential. Key Features: **Prime Location: Located in vibrant Center City Allentown, this property enjoys proximity to the amenities that city living has to offer. **Investment Gem: With a remarkable 9.00% cap rate, this duplex promises an impressive return on investment from day one. ** Dual Units: Highlighting two separate units, each with its distinct charm, this property offers flexibility and multiple income streams. **Revenue Rental: Perfect for savvy investors seeking consistent cash flow, this duplex is primed to generate significant rental income. Whether you're a seasoned investor looking to expand your portfolio or a newcomer eager to dive into the world of real estate, this duplex presents an unparalleled opportunity. Don't miss out on the chance to secure your financial future with this revenue-generating gem in Center City Allentown. Contact us today to schedule a viewing and seize this exceptional investment opportunity! Garages are not part of this property.

    Zillow last checked: 7 hours ago

    Listing updated: June 14, 2024 at 09:51am

    Listed by:

    Adalgisa Peralta 732-585-3024,

    Coldwell Banker Hearthside

    Bought with:

    Dan Russoli, RS321968

    Coldwell Banker Hearthside

    Source: GLVR,MLS#: 734796MLS LogoOriginating MLS: Lehigh Valley MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Gas
    Cooling
    • None

    Property

    Parking
    • Parking features: No Garage, On Street
    • Has uncovered spaces: Yes
    Features
    • Levels: Two and One Half
    • Stories: 2
    Lot
    • Size: 1,500 sqft
    • Dimensions: 30 x 50
    Details
    • Parcel number: 549792682429 001
    • Zoning: R-Mh-Medium High Density
    • Special conditions: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Brick
    Condition
    • Unknown
    • Year built: 1917

    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 .
    $280,600
    2% more+$5,612
    With Zillow Showcase(estimated)$286,212