$499,900/mo

702 South 8th Street, Allentown City, PA 18103

  • 3,113 sqft
  • Property Icon Rental
  • Property Year Built Icon Built in 1930
  • Property Lot Size Icon3,441sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $161/sqft
  • Property List Date Icon Listed 9 days ago

Property Description

Turn-key Investment Opportunity in South Allentown! This 4-unit property features THREE 2-bedroom apartments: Units 1 has been renovated with New Kitchen, Bath, and Brand new HVAC system. Unit 3, BRAND NEW approx 1300+/- sq ft, making it an ideal addition to any portfolio. PLUS approx 1800+ sq ft lower level with 2 outside entrances for owner use/storage, or create additional cashflow. Current rents are $1,300/m (long term tenant), $1,500/m, & $1,700/m, totaling $54,000 / yr gross income with Net Income of over $49,000 , that is without including the entire lower level. Recent updates throughout the building include: New Vinyl Facade, New Vinyl Windows throughout, New Decks, New Kitchens w/ Luxury Granite / Quartz Countertops, New Cabinets, New HVAC units (all heat pumps w/ A/C), New Baths, New 4 Meter Gang Electric Service. With the units currently rented, and major improvements already completed, this property offers immediate cash flow without the stress of updates or tenant placement. A rare opportunity to acquire a stabilized, updated asset in a growing rental market — secure passive income from day one. Perfect for both seasoned investors and those looking for a turn-key entry into multi-family real estate!

Listing Status:
Pending
Listing Office:
Home Team Real Estate : (610) 419-8888
MLS ID:
767660
  • A/C: Central Air
  • Heating: ElectricForced Air
  • Parking: Parking spaces: 2
  • General: Vinyl Siding2
  • Originating MLS: HIGH_LHI
  • School District: Allentown
  • County: Lehigh
  • Zoning: R-Mh-Medium High Density640617527728 001
  • Water: Public
  • Sewer: Public Sewer
  • Source: HIGH_LHI

This listing courtesy of Home Team Real Estate

Location

Schools Nearby

J

Jefferson Elementary School

750 Saint John St, Allentown, PA, 18103

Grades PK-5

0.19 miles away

H

Harrison-Morton Middle School

137 N 2nd St, Allentown, PA, 18101

Grades 6-8

1.13 miles away

B

Building 21 Allentown

265 Lehigh St, Allentown, PA, 18102

Grades 9-12

0.41 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.