Address
611 West Turner Street, Allentown, PA
Price
$ 750,000
Property Attributes
  • MLS#732643
  • TypeMulti-Family
  • CountyLEHIGH
  • CityAllentown
  • AreaAllentown-Central
  • NeighborhoodNot in Development
  • Zip18102
  • StyleApartment Style,Detached
  • Year Built1900
  • Taxes$ 4263
  • Price$ 750,000
  • Bedrooms9
  • Full Bathrooms5
  • Half Bathrooms0
  • Sqr Footage3945
  • Lot Size1,655 SqFt
Data Source:
Greater Lehigh Valley MLS (GLVMLS)
Property Description

$79,200 Gross Income, $64,033 Net Income, 8.5% Cap. These prideful owners have invested hundreds of thousands to modernize this 5 unit garden-style apartment building. All 5 units have been FULLY RENOVATED from top to bottom with fresh paint, new HARDWOOD flooring, energy-efficient windows, newly tiled bathrooms, and all-new kitchens with GRANITE countertops, & DISHWASHERS. The building features ALL-BRICK construction and has a well-maintained roof. The property is fully occupied with tenants paying all utilities including reimbursement for water/sewer. These are great tenants, have been there for over a year and treat their apartments beautifully. Rare to find this type of property so close to the city center, in downtown with many properties being purchased by out-of-state (NYC) investors. Located in downtown Allentown, next to the city center, and within walking distance of all attractions, restaurants, sports games, and near all interstates. Owners are in the process of installing coin-operated washers/dryers which create additional revenue. The ownership group is listing over 25 multi-family units available in addition to this property. *Seller is a licensed real estate agent. ** PROJECTIONS are over $85,000 with slightly higher rents***

Price History
2/11/2024 Listed $750,000

General Features

Sewer Public
Construction Brick,Other
Cooling Wall AC
Features Fire Escape,Hardwood,Rewired,Wall-to-Wall Carpet
Water Public
Water/Sewer 2000
Electric 960
Subdivision Not in Development
Parking Spaces 3
County Lehigh
Zoning Code R-MH-MEDIUM HIGH DENSITY RESIDENTIAL
School District Allentown

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 18102

Price
AVG $310K
$750K
Taxes
AVG $3,309
$4,263
Visits
AVG 105
13
Data Provided by Inside Real Estate®
Year Built
AVG 1900
1900

Areas We Cover