702 South 8th Street, Allentown City, PA 18103

• 3,113 sqft

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

Interior

• A/C: Central Air
• Heating: ElectricForced Air

Exterior

• Parking: Parking spaces: 2

Construction

• General: Vinyl Siding2

Location

• Originating MLS: HIGH_LHI
• School District: Allentown
• County: Lehigh

Lot

• Zoning: R-Mh-Medium High Density640617527728 001

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: HIGH_LHI

This listing courtesy of Home Team Real Estate