318 N 7th St Unit 318, Allentown, PA 18102
- $405,000
- 5
- BD
- 3
- BA
- List Price
- $405,000
- MLS#
- 778222
- Status
- PENDING
- City
- Allentown
- Area
- Allentown-Central
- County
- Lehigh
- Neighborhood
- Not In Development
- Bedrooms
- 5
- Bathrooms
- 3
- Year Built
- 1890
Property Description
Three-unit investment property generating $48,780 in gross income and $44,014 in net income. The property has two 2-bedroom units and one 1-bedroom unit, giving it a strong rental setup in a good Allentown location. The property includes a single-family home at 318 and a separate two-unit building at 320. Two units are currently rented, and one unit is vacant. This makes it a great option for an owner-occupant buyer who wants to live in one unit and collect rent from the other two. Two of the apartments were recently updated, which helps make the property more attractive to tenants. Water, electric, and heat are separate and paid by the tenants, helping keep landlord expenses low. The property is located close to the PPL Center and downtown Allentown, with easy access to restaurants, entertainment, and local businesses. With rental income already in place, one vacant unit, recent updates, and tenant-paid utilities, this property is a good fit for both investors and owner-occupants.
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Additional Information
- Cooling
- None, Window/Wall
- Parking Spaces
- 3
- Region
- Allentown-Central
- School District
- Allentown
- Sewer
- Public Sewer
- Taxes
- $2,426
- Unit
- 318
- Zoning
- B1/R
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Listing courtesy of EXP Realty LLC.
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