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830 W Walnut Street

ALLENTOWN, PA 18102
  • $2,695,000
  • STATUS: Active
  • ON SITE: 23 Days
  • ID#: PALH2001366
UPDATED: 21 min ago
$2,695,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
2007
County:

School Ratings & Info

School District:

Description

EXCELLENT OPPORTUNITY IN PRIME DOWNTOWN ALLENTOWN. Luxury Townhouse Portfolio with separate parcels for each property. Projected Gross Income $193,200. Actual Gross Rental Income $161,775.00. CAP RATE 4.01%-5.17%. Five of the townhomes boast 3 bedrooms and 3 1/2 baths. Two of the townhomes boast 3 bedrooms and 2 1/2 baths. All units include 3 levels, attached private 2 car garage, glass sliding doors to private deck, space for parking in driveway, gleaming hardwood floors, all appliances including washer and dryer, and elegant finishes. Each unit is currently leased and have been well maintained with strong tenants. Within minutes from Hamilton Street and PPL entertainment.

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©2021 Bright MLS, All Rights Reserved. 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. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or LoCoMusings | Century 21 Redwood Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-12-09T07:49:48.23.
www.locomusings.com/homes/123296076
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830 W Walnut Street ALLENTOWN, PA 18102

  • Price: $2,695,000
  • Status: Active
  • On Site: 23 Days
  • Updated: 21 min ago
  • ID#: PALH2001366
0
Beds
0
Baths
0
½ Baths
N/A
Acres
2007
Built
Neighborhood:
Allentown City (12302)
County:
Lehigh
Area:
Allentown City (12302)
School District:
Allentown
Property Description
EXCELLENT OPPORTUNITY IN PRIME DOWNTOWN ALLENTOWN. Luxury Townhouse Portfolio with separate parcels for each property. Projected Gross Income $193,200. Actual Gross Rental Income $161,775.00. CAP RATE 4.01%-5.17%. Five of the townhomes boast 3 bedrooms and 3 1/2 baths. Two of the townhomes boast 3 bedrooms and 2 1/2 baths. All units include 3 levels, attached private 2 car garage, glass sliding doors to private deck, space for parking in driveway, gleaming hardwood floors, all appliances including washer and dryer, and elegant finishes. Each unit is currently leased and have been well maintained with strong tenants. Within minutes from Hamilton Street and PPL entertainment.
Exterior Features

Construction Materials Aluminum SidingVinyl Siding Garage YN No Location Type Downtown Parking Types DrivewayPrivate Garage Property Condition Very Good Riparian Rights YN No Roof Shingle Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 12950.00 Cooling Central A/C Exclusions Tenants Personal Property. Flooring CarpetHardwood Heating Central Heating YN Yes Inclusions Seven (7) WashersSeven (7) DryersSeven (7) RefrigeratorsSeven (7) DishwashersSeven (7) Stoves Net Square Feet 12950.00

Property Features

Acceptable Financing CashConventionalOther Accessibility Features None Business Type Apartment Building Central Air YN Yes Cooling Fuel Electric Electric 200+ Amp Service Foundation Details Permanent Gross Income 161775.00 Heating Fuel Natural Gas Historic YN No Hot Water Natural Gas Lease Considered YN No Municipality Allentown City Navigable Water YN N Net Operating Income 108150.30 New Construction YN No Number Of Units Total 7 Operating Expense 53624.70 Operating Expense Includes InsuranceRepair/MaintenanceOther Original MLSNumber 801189398054 Owner Pays Association FeesRepairsTaxes - Real EstateInsurance Ownership Interest Condominium Possession 90-120 Days Cd Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 32075.00 Tax Assessment Amount 943700.00 Vacation Rental YN No Water Source Public Zoning Residential

Listing courtesy of Commonwealth Real Estate Llc.


©2021 Bright MLS, All Rights Reserved. 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. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or LoCoMusings | Century 21 Redwood Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-12-09T07:49:48.23.
 
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