22 South 13th Street
Allentown City, PA 18102
- 5 beds
- 5 baths
- 2,404 sqft
- $164 per sqft
- 1905 build
Investment Opportunity: 5-Unit Property in Allentown with Income-Generating Potential! Unlock a unique investment in the heart of Allentown with this versatile 5-unit building designed to maximize rental income! This property includes one spacious apartment and four shared rooms, creating a perfect mix of traditional and co-living spaces. This setup caters to the growing demand for affordable, flexible housing options, ideal for students and young professionals seeking budget-friendly spaces. Diverse Income Streams: Maximize revenue with both private and co-living spaces, reducing vacancy risks and increasing occupancy. High Demand Rental Market: Allentown is growing, and there’s an increasing need for affordable housing options. Shared rooms appeal to young professionals and students looking for budget-friendly living, creating a consistent tenant pipeline. Efficient Management and Turnover: This property’s setup allows for efficient management and faster tenant turnover in shared rooms, making it easier to maintain high occupancy levels. Value-Add Potential: Minor upgrades could boost rents and enhance property value. Strong Market Fundamentals: Allentown’s job growth and revitalization create a high-demand rental market, perfect for a stable tenant base. This is an excellent opportunity to own an income-generating property that benefits from Allentown's rental demand trends and offers versatile leasing options for high returns.
Listing courtesy of GLVR / Steel City Realty
Last checked:
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Last updated Nov 6, 2024
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MLS# 748083 —
The Building
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Year Built:1905
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Year Built Exception:New Construction
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Construction:Brick
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SqFt:2,404 Sqft
Location
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Area:Allentown-Central
The Property
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Property Type:Investment Property
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Property Subtype:Investment Property
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Property Subtype Category:Apartment Style, Row/Townhouse
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Zoning Code:resi-med
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Total Taxes:$2,974.53
Beds
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Bedrooms:5
Baths
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Baths:5
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Full Baths:5
Heating & Cooling
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Heat:No
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Cooling:No Air
Utilities
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Water:Public
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Water/Sewer:2101
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Sewer:Public
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Gas:No
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Electric:2956
Schools
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School District:Allentown
The Community
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Subdivision:Not in Development
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Association:Lehigh Valley MLS
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
11/6/24
Nov 6, 2024
|
Listed / Active | GLVR | $395,000 | 2.6% (2.3% / YR) |
9/20/23
Sep 20, 2023
|
GLVR | $385,000 | 133.5% (123.7% / YR) | |
7/20/23
Jul 20, 2023
|
GLVR |