Exceptional Investment Opportunity - Fully Occupied 3-Unit Property
Attention astute investors! Your search for a high-performing income property ends here. This well maintained 3-unit gem, fully occupied with tenants covering their utilities, is your ticket to financial success. With a robust gross annual income of $37,716 and efficiently managed expenses at $3,492, including taxes, insurance, and common meter costs, this property delivers an impressive net income of $34,224 annually. What's more, all units come with existing leases and deposits, ensuring stability from day one. This investment boasts an enviable cap rate of approximately 10+%. Don't let this golden opportunity slip through your fingers—contact us today and secure your spot in the world of lucrative real estate investments!
Sold for $319,500 on 02/20/24
$319,500
717 W Washington St, Allentown, PA 18102
4beds
1,968sqft
Townhouse, Multi Family
Built in 1900
1,916.64 Square Feet Lot
$333,400 Zestimate®
$162/sqft
$2,328 Estimated rent
Owner options
What's special
Zillow last checked: 7 hours ago
Listing updated: February 21, 2024 at 09:26am
Listed by:
Jennifer L. DeJesus 610-217-6330,
Steel City Realty
Bought with:
Felisha M. Ortiz
Realty One Group Exclusive
Source: GLVR,MLS#: 729714
Originating MLS: Lehigh Valley MLS

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Electric
Cooling
- None
Interior area
- Total interior livable area: 1,968 sqft
Property
Parking
- Parking features: Off Site
Features
- Stories: 3
Lot
- Size: 1,916 sqft
- Dimensions: 16 x 120
Details
- Parcel number: 549794242521001
- Zoning: R-MH-MEDIUM HIGH DENSITY
- Special conditions: None
Construction
Type & style
- Home type: Townhouse
- Property subtype: Townhouse, Multi Family
Materials
- Brick
Condition
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Security
- Security features: Smoke Detector(s)
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 .
$333,400
2% more+$6,668
With Zillow Showcase(estimated)$340,068