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517 Cleveland Street

Allentown City, PA 18103
  • $219,699
  • STATUS: Available
  • ON SITE: 14 Days
  • MLS #: 685448
Price Reduced
UPDATED: 32 min ago
$219,699
  • 0
    BEDS
  • 0.06
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,351
    SQFT
  • $93
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1890
County:

School Ratings & Info

School District:

Description

Fully occupied 2-unit 9.3% cap rate $26340 gross $20522 net. Since the current owner has purchase has replaced most of the windows/Roof less than 5 yrs. Gas Furnace 6 yrs. So, the bigger ticket items are good! Wooden flooring throughout. These are spacious apartments that will keep the tenants; Current tenants have been there for years. They both have yearly leases. This is in a great location will be easy to keep occupied. Two off street parking spots in the back. Spacious yard. Located across the street from Good Shepherd Hospital. There is room in the basement if you want to set up a storage area. Owner will order the Allentown City CO, but all repairs will be on the buyer to complete.Since you have tenants in place no need to do any cosmetic work until one leaves Will only show to pre-qualified buyers. Wiil need to set up showings with the list agent and LA must go to all showings I will be setting up a group showing so we keep the tenants happy and get in all who want to see it.

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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 2022-01-27T08:12:55.987.
www.smartwayamerica.com/homes/124665708
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517 Cleveland Street Allentown City, PA 18103

  • Price: $219,699
  • Status: Available
  • On Site: 14 Days
  • Updated: 32 min ago
  • MLS #: 685448
0
Beds
0
Baths
0
½ Baths
0.06
Acres
2,351
SQFT
$93
$/SQFT
1890
Built
Neighborhood:
Not In Development
County:
Lehigh
Area:
Allentown-South
School District:
Allentown
Property Description
Fully occupied 2-unit 9.3% cap rate $26340 gross $20522 net. Since the current owner has purchase has replaced most of the windows/Roof less than 5 yrs. Gas Furnace 6 yrs. So, the bigger ticket items are good! Wooden flooring throughout. These are spacious apartments that will keep the tenants; Current tenants have been there for years. They both have yearly leases. This is in a great location will be easy to keep occupied. Two off street parking spots in the back. Spacious yard. Located across the street from Good Shepherd Hospital. There is room in the basement if you want to set up a storage area. Owner will order the Allentown City CO, but all repairs will be on the buyer to complete.Since you have tenants in place no need to do any cosmetic work until one leaves Will only show to pre-qualified buyers. Wiil need to set up showings with the list agent and LA must go to all showings I will be setting up a group showing so we keep the tenants happy and get in all who want to see it.
Exterior Features

Construction Brick Parking Unpaved Lot Parking Spaces 2

Interior Features

Cooling Wall Ac Heat Type Gas

Property Features

Electric 540 Gas 0 Gross Income 26340 Heat 0 Net Income 21600 Operating Expense 5818 Other Expenses 0 Possible Financing CashConventionalFha Property Sub Type Category Row/Townhouse Sewer Public Special Conditions Not Applicable Total Taxes 3038.00 Water Public Water Sewer 540 Zoning Code R-Mh-Medium High Density Residential

Listing provided courtesy of Exp Realty Llc.


© 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 2022-01-27T08:12:55.987.
 
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