334 Law Street
Allentown City, PA 18102
- 10 beds
- 6 baths
- 3,528 sqft
- 2,091 sqft lot
- $133 per sqft
- 1915 build
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***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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Last updated Jan 10, 2025
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MLS# 739226 —
The Building
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Year Built:1915
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Construction:Brick, Vinyl
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Stories:3.0
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SqFt:3,528 Sqft
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SqFt Source:Tax Records
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, Duplex/Both Halves, Row-End Unit
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Zoning Code:R-MH-MEDIUM HIGH DENSITY RESIDENTIAL
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Lot Size Source:Tax Records
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Lot SqFt:2091
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Acres:0.048
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Total Taxes:$4,353.78
Beds
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Bedrooms:10
Baths
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Baths:6
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Full Baths:6
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:1500
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Sewer:Public
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Gas:No
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Electric:500
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
Parking
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Parking Spaces:2
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Garage:Off & On Street, Parking Pad
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).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
7/18/24
Jul 18, 2024
|
Sold | GLVR | $470,000 | -1.9% |
|
6/6/24
Jun 6, 2024
|
Listed / Active | GLVR | $479,000 | 565.3% (83.5% / YR) |
|
8/29/17
Aug 29, 2017
|
GLVR | $72,000 |
