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134 7th

Allentown City, PA 18101
  • $1,690,000
  • STATUS: Available
  • ON SITE: 287 Days
  • MLS #: 664077
UPDATED: 41 min ago
$1,690,000
  • 17
    BEDS
  • 0.15
    ACRES
  • 12
    BATHS
  • 2
    1/2 BATHS
  • 12,214
    SQFT
  • $138
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1900
County:

School Ratings & Info

School District:

Description

Developers Dream! Located in the NIZ Neighborhood Improvement Zone and Opportunity Zone this investment opportunity consists of 15 Units - 12 Residential Units and 3 commercial spaces. Because of its proximity to the new Downtown development this property is a great opportunity for a developer to demo/repurpose the building or renovate whats existing and raise rents. All units have room to renovate and raise rents making it a great value add opportunity. All units have electric heat and hot water and electric ranges - all units have separate utilities. The property has frontage facing 7th Street and which is the main arteries into downtown Allentown. Located steps from the new downtown development which includes over 1 Billion Dollars of development - the PPL Event Center, Restaurants, Retail, Nightlife, and so much more. 134 - 138 N. 7th Street is an excellent long term value add opportunity in the most up and coming area in Allentown.

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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 2022-01-20T11:12:57.327.
www.smartwayamerica.com/homes/115861160
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134 7th Allentown City, PA 18101

  • Price: $1,690,000
  • Status: Available
  • On Site: 287 Days
  • Updated: 41 min ago
  • MLS #: 664077
17
Beds
12
Baths
2
½ Baths
0.15
Acres
12,214
SQFT
$138
$/SQFT
1900
Built
Neighborhood:
Not In Development
County:
Lehigh
Area:
Allentown-Central
School District:
Allentown
Property Description
Developers Dream! Located in the NIZ Neighborhood Improvement Zone and Opportunity Zone this investment opportunity consists of 15 Units - 12 Residential Units and 3 commercial spaces. Because of its proximity to the new Downtown development this property is a great opportunity for a developer to demo/repurpose the building or renovate whats existing and raise rents. All units have room to renovate and raise rents making it a great value add opportunity. All units have electric heat and hot water and electric ranges - all units have separate utilities. The property has frontage facing 7th Street and which is the main arteries into downtown Allentown. Located steps from the new downtown development which includes over 1 Billion Dollars of development - the PPL Event Center, Restaurants, Retail, Nightlife, and so much more. 134 - 138 N. 7th Street is an excellent long term value add opportunity in the most up and coming area in Allentown.
Exterior Features

Construction BrickStuccoVinyl Lot Dimensions 57 X 112 Parking None Parking Spaces 0

Interior Features

Baths Semi Modern Cooling No Air Heat Type BaseboardElectric

Property Features

Electric 1248 Gas 0 Gross Income 156876 Heat 0 Lot Size Source Tax Records Net Income 116602 Operating Expense 32431 Other Expenses 0 Possible Financing CashConventional Property Sub Type Category Apartment StyleCommercial Sewer Public Special Conditions Not Applicable Square Footage Source Tax Records Total Taxes 10185.00 Water Public Water Sewer 4760 Zoning Code B-2-Central Business

Listing provided courtesy of Bhhs Regency 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 2022-01-20T11:12:57.327.
 
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528 Seven Bridge Rd. Suite 107
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