***CAP rate of 18%***DETACHED 3 units plus a garage. All occupied. Tenants pay for electric heat and hot water. 2 units in front building 1 in rear building above the garage. Rents are $750 1st flr front, $800 2nd fl front, $675 rear building with garage. Garage is rented for $125/month.Gross yearly rent is $28,200 with a Net of $22,221. CAP rate of 18%Being SOLD AS-IS
Off market
$273,800
515 N Lumber St, Allentown, PA 18102
5beds
1,908sqft
MultiFamily
Built in 1880
-- sqft lot
$273,800 Zestimate®
$144/sqft
$1,900 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Baseboard, Electric
Features
- Doors: Storm Door(s)
- Windows: Storm Window(s)
Interior area
- Total interior livable area: 1,908 sqft
Property
Parking
- Total spaces: 1
- Parking features: Garage - Attached, None
Features
- Exterior features: Brick
Lot
- Size: 2,178 sqft
Details
- Parcel number: 5497922890821
- Zoning: R-MH
- Zoning description: R-MH
Construction
Type & style
- Home type: MultiFamily
Materials
- special
Condition
- Year built: 1880
Utilities & green energy
- Sewer: Public
- Water: Public
Community & neighborhood
Location
- Region: Allentown
Other
Other facts
- WaterSource: Public
- StoriesTotal: 3.0
- GarageYN: true
- HeatingYN: true
- NumberOfUnitsTotal: 3
- LivingAreaSource: Tax Records
- GrossIncome: 28200
- BuildingFeatures: Storm Windows, Storm Doors, Wall-to-Wall Carpet
- ParkingFeatures: Garage
- DoorFeatures: Storm Door(s)
- WindowFeatures: Storm Window(s)
- LotDimensionsSource: Tax Records
- LotSizeSource: Tax Records
- AboveGradeFinishedAreaSource: Tax Records
- Cooling: No Air
- Sewer: Public
- Zoning: R-MH
- ZoningDescription: R-MH
- OperatingExpense: 5979
- NetOperatingIncome: 22221
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$273,800
2% more+$5,476
With Zillow Showcase(estimated)$279,276