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130 S 7th

Allentown City, PA 18101
  • $4,900,000
  • STATUS: Available
  • ON SITE: 351 Days
  • MLS #: 659586
UPDATED: 69 min ago
$4,900,000
  • 0
    BEDS
  • 0.49
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

School District:

Description

Join the downtown redevelopment revolution. Check out the 2 links for virtual tour of proposed mid-rise apartment buildings.Approximately .5 acre redevelopment site for sale. Additional lots can purchased for a total of .75 acres. Proposed 10 story parking deck going up next door. Developer could potentially partner with Allentown Parking Authority and lease decks for parking. Property is in the Opportunity Zone which qualifies for special loans and financing. Over 250 new upscale apartments nearly finished 1/2 block away. Property currently generates income from 22 units of approximately $215,000. Seller is a PA Realtor.

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© 2022 Greater Lehigh Valley REALTORS® All Rights Reserved. Based on information from the Greater Lehigh Valley REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Smart Way America Realty. Data last updated 2022-01-23T19:12:55.463.
www.smartwayamerica.com/homes/114004733
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130 S 7th Allentown City, PA 18101

  • Price: $4,900,000
  • Status: Available
  • On Site: 351 Days
  • Updated: 69 min ago
  • MLS #: 659586
0
Beds
0
Baths
0
½ Baths
0.49
Acres
Neighborhood:
Not In Development
County:
Lehigh
Area:
Allentown-South
School District:
Allentown
Property Description
Join the downtown redevelopment revolution. Check out the 2 links for virtual tour of proposed mid-rise apartment buildings.Approximately .5 acre redevelopment site for sale. Additional lots can purchased for a total of .75 acres. Proposed 10 story parking deck going up next door. Developer could potentially partner with Allentown Parking Authority and lease decks for parking. Property is in the Opportunity Zone which qualifies for special loans and financing. Over 250 new upscale apartments nearly finished 1/2 block away. Property currently generates income from 22 units of approximately $215,000. Seller is a PA Realtor.
Exterior Features

Construction AluminumBrickVinyl Parking Paved Lot Parking Spaces 14

Interior Features

Cooling No Air Heat Type Electric

Property Features

Electric 0 Gas 0 Gross Income 293940 Heat 0 Lot Size Source Estimated Net Income 215000 Operating Expense 78940 Other Expenses 0 Possible Financing CashConventional Property Sub Type Category Apartment Style Sewer Public Special Conditions Not Applicable Total Taxes 25000.00 Water Public Water Sewer 0 Year Built Exception New Construction Zoning Code B-2

Listing provided courtesy of Addison Wolfe Real Estate.


© 2022 Greater Lehigh Valley REALTORS® All Rights Reserved. Based on information from the Greater Lehigh Valley REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Smart Way America Realty. Data last updated 2022-01-23T19:12:55.463.
 
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East Stroudsburg PA, 18301