638 N 12th St, Allentown, PA 18102

Turn key, clear C.O. and Rental Inspection from City of Allentown with high quality tenants - this well-located 2-unit is priced at a 11.1% cap rate, and offering a whopping 20.5% leveraged cash-on-cash return (80% LTV, 4.25%, 20 year term). Mortgage lenders will love the debt-coverage ratio of 1.87%. High quality tenants love the nice units. Large 3 b/r on 2nd/3rd floors with spacious rooms. 1st floor 1 b/r has 1.5 baths. Both occupied under 1-year leases. On-site washer/dryer, nice rear yard and deck for occupant's enjoyment. Separate deed t2-car detached garage across rear alley, with electric opener. Savvy owner-occupants could buy this home for $3,850 (3.5% down) - and live for FREE in unit 1 while collecting rent from unit 2. Mortgage payment, including taxesand insurance, would be only $860/mo. Clear C.O. and Rental Inspection from City of Allentown. This is a strong investment vehicle.