Address
445 West Linden Street, Allentown, PA
Price
$ 750,000
Property Attributes
  • MLS#732689
  • TypeMulti-Family
  • CountyLEHIGH
  • CityAllentown
  • AreaAllentown-Central
  • NeighborhoodNot in Development
  • Zip18102
  • StyleApartment Style,Mixed Use,Row-End Unit
  • Year Built1890
  • Taxes$ 6077
  • Price$ 750,000
  • Bedrooms5
  • Full Bathrooms5
  • Half Bathrooms1
  • Sqr Footage2050
  • Lot Size1,786 SqFt
Data Source:
Greater Lehigh Valley MLS (GLVMLS)
Property Description

$75,600 Gross Income, $61,773 Net Income, 8.2% Cap. These prideful owners have invested over $100K to update this cashflowing, fully occupied, 6-unit garden-style apartment building with 5 residential units and 1 long-standing business commercial storefront. 4 units were renovated with fresh paint, new flooring, some new windows, updated bathrooms, and updated kitchens. 3 of the 1BR units are extremely large, and the other two are normal-sized. Long term tenant is in year 2 of a 6 year lease with option to renew. Well maintained roof. Tenants paying all utilities. These are great tenants, have been there for over a year and treat their apartments like a true home. Rare to find this type of property so close to the city center, in downtown with many properties being purchased by out-of-state (NYC) investors. SEE PHOTOS, Property is next to large commercial buildings and is located in downtown Allentown, within walking distance of all attractions, restaurants, and sports games, and near all interstates. The ownership group is listing over 25 multi-family units available in addition to this property. *Seller is a licensed real estate agent. ** PROJECTIONS are over $85,000 with slightly higher rents***

Price History
2/11/2024 Listed $750,000

General Features

Sewer Public
Construction Other,Vinyl
Cooling Wall AC
Features Fire Escape,Hardwood
Water Public
Water/Sewer 1750
Electric 1000
Subdivision Not in Development
Parking Spaces 6
County Lehigh
Zoning Code R-H-HIGH DENSITY RESIDENTIAL
School District Allentown

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 18102

Price
AVG $380K
$750K
Taxes
AVG $3,671
$6,077
Visits
AVG 114
20
Data Provided by Inside Real Estate®
Year Built
AVG 1898
1890

Areas We Cover