Your Key to the Main Line, Philadelphia, and its Surrounding Suburbs
BEDS0
BATHS
MLS#PALH2015224
STATUSACTIVE
PROPERTY TYPEMulti Unit - Multiple
SCHOOLALLENTOWN
Property Description
Annual Income: $61,020.00 Net Operating Income (NOI): $48,499.06. Prime Investment Opportunity: Turn-Key 4-Unit 100% occupied Brick Multi-Family in Allentown. Presenting a meticulously maintained, all-brick 4-unit residential building located in the heart of Allentown at 135 N 8th Street. This property offers a robust mix of units and consistent cash flow, making it an ideal addition to a savvy investor's portfolio or a perfect house-hacking opportunity. Right in the heart of the Old Allentown Historic District. Situated just one minute from the vibrant center of Allentown, this property offers a rare combination of historical charm and steady cash flow in one of the city's most sought-after rental corridors.Property Overview This fully occupied multi-family building is a turnkey opportunity for seasoned investors or those looking to expand their portfolio in a high-demand areaFinancial Performance :efficient Expense Ratio: Low owner-paid utilities and well-managed operating costs. Unit Breakdown & Revenue The building features a diverse unit mix to maximize occupancy and appeal to a wide range of tenants. Property Features & Updates Solid Construction: Classic all-brick exterior provides durability and timeless curb appeal with minimal maintenance.Prime Location: Situated in the 18102 zip code, tenants enjoy easy access to downtown Allentown’s amenities, dining, and public transportation.Proven Track Record: Conservative 5% vacancy is already factored into the financial projections, showing a high-performing asset.Investment Summary with a Net Profit of over $48,000 annually, this property stands out as a high-yield asset in a growing market. The heavy lifting has been done—bring your portfolio to the next level with this stable, brick-and-mortar investment.Schedule your private showing today and secure your position in the Allentown rental market. Seller has a lot more properties to sell. 106 N 8th is also listed-1 block away. Looking to expand your portfolio? Like this property all of his properties are fully occupied and all are renovated--not a rug in any of them! Showings will be limited to accomadate tenants. Property will be sold with a cleared CO from the city of Allentown!
Property Features
Property Type: Multi Unit - Multiple
Cooling: None
Fuel Type: Electric
Heating: Baseboard - Electric
Lot Size: 0.05 Acres
Roof Type: Architectural Shingle
Taxes: $4,029
Year Built: 1900
Feature Descriptions
Accessibility: 2+ Access Exits
Additional Structures: Above Grade, Below Grade
Days on Site: 17
Exterior: Brick
Flooring: Ceramic Tile, Engineered Wood, Luxury Vinyl Plank
Lot Dimensions: 0.05 Acre(S)
Municipality: ALLENTOWN CITY
One Bedroom Units: 3
Sewer: Public Sewer
Structure Type: Detached
Two Bedroom Units: 2
Units: 4
Water: Public
Local Schools
School District: ALLENTOWN
Listed By / Shown By
Listed By
Agency Name: eXp Commercial
Agency Phone: 8883977352
Shown By
Agency Title: Duffy Real Estate, Inc.
Agency Phone: 610-667-6655
Estimate Your Payment
Estimated Payment
$ 3,261.39 per month $2,757.93 Principal & Interest $335.75 Property Tax $167.71 Homeowner's Insurance
135 N 8th Street | MLS# PALH2015224
This multi-family property located at 135 N 8th Street, Allentown, PA 18102 is currently listed for sale with an asking price of $575,000. N 8th Street is located within the ALLENTOWN school district. Search Allentown real estate on www.duffyrealestate.com today.