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334 Law Street
Allentown, PA 18102

Residential Multi Family (Other)

0.05 Acres
3528 Sqft Living Area

10 Bedrooms

6 Bathrooms (6 Full, 0 Half)

Year Built: 1915

$479,000

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Property Description

***Highest & Best due Tuesday (6/11) by 6pm*** Welcome to your next lucrative investment in the heart of a thriving rental market! This renovated 4-unit bldg offers an exceptional opportunity for any buyer. This property promises excellent rental income potential with a current annual income of $57,600, boasting a solid 10.25% cap rate: (2) 1BR/1BA apts at $900/mth & (2) 4BR/2BA apts at $1500/mth. Along with new siding & roof, all of the 4 units have been renovated: updated kitchens/bathrooms, flooring, new HW tanks + clear City CO. Located in a sought-after rental market area, this property benefits from high demand for quality housing. With a strong tenant pool & consistent rental history, you can expect minimal vacancies & reliable income streams. Whether you're an experienced investor or a first-time buyer, this turnkey property offers a hassle-free investment opportunity. With renovations already completed & tenants in place, you can start generating income from day one. Generating an impressive $57,600 in annual income at a 10.25% cap rate, this property offers a solid return on investment. With potential for future rent increases & appreciation you can capitalize on the steady growth of the local rental market. Close to amenities, public transportation & major roads, this property offers convenience & accessibility for tenants. From shopping & dining options to parks & entertainment, everything tenants need is within reach.

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Contact Details

Name: Rick Matos

Email: rickmatos@gmail.com

MLS Listing Id: 739226

Agent Phone: (484) 515-8705

List Agent License:

Office Name: IronValley RE of Lehigh Valley

Office Phone: (610) 766-7200

Office MLS Id: IVRE

Listing Status: Active

Listing URL: https://listings.listhub.net/pages/LVARPA/739226/?channel=openhousinc

Copyright © 2024 Greater Lehigh Valley REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.