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702 S 8th Street, Allentown City, PA 18103

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For Sale

$499,900

3,113 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Newly Listed
    Time on Century 21

  • $160.58
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Turn-key Investment Opportunity in South Allentown! This 4-unit property features THREE 2-bedroom apartments: Units 1 & 2 have been renovated with New Kitchens, Baths, and Brand new HVAC systems. Unit 3, BRAND NEW approx 1300+/- sq ft, making it an ideal addition to any portfolio. Fully-renovated from top to bottom, inside & out with nothing left to do but produce positive cashflow. 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!
MLS# 767660

Courtesy Of Home Team Real Estate

(610) 419-8888

Property Features

  • Age
    Over 50 Years Old
  • Heating System
    Forced Air
  • Lot Size
    0.08 Acres

Map and Directions

Directions to 702 S 8th Street, Allentown City, PA 18103

Home seller CENTURY 21 Keim Realtors

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Keim Realtors

(610) 395-0393
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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.