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148 S 7th Street

Allentown City, PA 18101
  • $1,350,000
  • STATUS: Available
  • ON SITE: 7 Days
  • MLS #: 709084
UPDATED: 20 min ago
$1,350,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,102
    SQFT
  • $221
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1958
County:

School Ratings & Info

School District:

Description

Investors or business owners welcome to 148 S 7th street! HUGE VALUE ADD five unit mixed property with 2 commercial and 3 residential units. The commercial unit 1 is approximately 3000 square foot with high ceilings and bath room plumbing already installed. Commercial unit 2 can be converted into a storage unit and or small business rental!The 3 residential units have shell complete and are waiting for a saavy investor to install finishes. New plumbing, electrical and drywall with other repairs have been made to these three units. The outside of the property is being remodeled as you read this, with new large panel windows already being installed in the property. 10 parking spaces included. The opportunity for an equity play or cash flow play is here, the approximate rentals of this property with all units being rented out are between 10-12k with a possibility to ADD 2 more residential units with the current zoning that would add to that original number. Property is being sold as is!

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© 2023 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 2023-02-01T21:12:59.103.
www.smartwayamerica.com/homes/136425364
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148 S 7th Street Allentown City, PA 18101

  • Price: $1,350,000
  • Status: Available
  • On Site: 7 Days
  • Updated: 20 min ago
  • MLS #: 709084
0
Beds
0
Baths
0
½ Baths
0.16
Acres
6,102
SQFT
$221
$/SQFT
1958
Built
Neighborhood:
Allentown-South
County:
Lehigh
Area:
Allentown-South
School District:
Allentown
Property Description
Investors or business owners welcome to 148 S 7th street! HUGE VALUE ADD five unit mixed property with 2 commercial and 3 residential units. The commercial unit 1 is approximately 3000 square foot with high ceilings and bath room plumbing already installed. Commercial unit 2 can be converted into a storage unit and or small business rental!The 3 residential units have shell complete and are waiting for a saavy investor to install finishes. New plumbing, electrical and drywall with other repairs have been made to these three units. The outside of the property is being remodeled as you read this, with new large panel windows already being installed in the property. 10 parking spaces included. The opportunity for an equity play or cash flow play is here, the approximate rentals of this property with all units being rented out are between 10-12k with a possibility to ADD 2 more residential units with the current zoning that would add to that original number. Property is being sold as is!
Exterior Features

Construction Brick Location Corner Parking Off SiteOn Site Parking Spaces 10 Road City Road Surface Type Black Top

Interior Features

Available Sq Ft 7000 Ceiling 0-9 Feet10-12 Feet Cooling None Heat Type None Miscellaneous Inside StorageRestrooms-Private

Property Features

Gross Income 0 Level Multi Lot Size Source Tax Records Possible Financing CashConventionalExchangePurchase Payments Potential Use ApartmentsConvenience StoreGift ShopLaundryMini MartOfficeOtherProfessional ServiceResidenceRestaurantWarehouse Property Sub Type Category Apartment BuildingCommercialOther Sewer Public Special Conditions Not Applicable Square Footage Source Tax Records Total Taxes 6140.68 Utilities 220 Volt Water Public Year Built Exception Unknown Zoning Code R-2 Business Central

Listing provided courtesy of Weichert Co Realtors: .


© 2023 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 2023-02-01T21:12:59.103.
 
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Smart Way America Realty
528 Seven Bridge Rd. Suite 107
East Stroudsburg PA, 18301