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736 9th

ALLENTOWN, PA 18102

– beds
– baths
1,539 sqft
1,246 sqft lot
$162 per sqft
1900 build

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$31200 gross and $25200 net income over 10% cap rate 2-unit investment property in the Heart of Allentown. Property comes with 100% clear CO from the city of Allentown. 1st floor renovated one bedroom unit with access to the yard will be left vacant form showings. Seller could rent it after there is an agreement. 2nd floor is month to month at $1250 in a large 2-bedroom apartment which can be rented at $1475. The savvy investor can easily exceed these projected numbers The heat and electric are all separated, and you can charge them for water/sewer. Buyer does not need to worry about any city repairs, just get the rents where they can be and have great cash flowing property. Leaving unit vacant has tenants lined up for $1150. People who do not think we can get these rents don't get the market. Great rental market! Come take advantage. Rental in the area do not stay vacant.

Listing courtesy of BRIGHT / eXp Commercial

Last checked: Checking… • Last updated Oct 17, 2024 •

MLS# PALH2007576 —

The Building

Year Built:

1900
Year Built Source:

Estimated
New Construction:

No
Construction Materials:

Block, Brick
Structure Type:

Interior Row/Townhouse
Architectural Style:

Colonial
Building Units Total:

2
Accessibility Features:

2+ Access Exits
Foundation Details:

Stone
Basement:

Yes
Basement Type:

Outside Entrance
Total SqFt Source:

Estimated

Interior

Living Area SqFt Source:

Estimated

Room Dimensions

Total SqFt:

1539
Living Area SqFt:

1,539 Sqft

Financial & Terms

Sale Type:

Standard
Buyer Financing:

Conventional
Possession:

Negotiable, 31-60 Days CD

Location

Directions:

7th stt to tilghman left onto 9th, GPS
Latitude:

40.74482000
Longitude:

-75.65811000

The Property

Property Type:

Multi-Family
Property Subtype:

Duplex
Lot Size Units:

Square Feet
Lot Size Acres:

0.03
Lot Size Source:

Estimated
Lot Size Dimensions:

14x89
Lot Dimensions Source:

Estimated
Lot SqFt:

1,246 Sqft
Zoning:

R-MH-MEDIUM HIGH DENSITY
Other Structures:

Above Grade
Water View:

No
Waterfront:

No
Water Oriented:

No
Water Access:

No
Navigable Water:

No
Tidal Water:

No
Riparian Rights:

No

Listing Agent

Contact info:

Taxes

Tax ID Number:

549783485071 001
Tax Year:

2023
Tax Annual Amount:

$2,389
Tax Assessed Value:

$74,500
Total Taxes Payment Frequency:

Annually

The Listing

Close Sale Type:

Standard Sale

Heating & Cooling

Cooling Type:

None
Central Air:

No
Cooling Fuel:

None
Heating:

Yes
Heating Type:

Baseboard - Hot Water
Heating Fuel:

Natural Gas

Utilities

Sewer/Septic:

Public Sewer
Hot Water:

Electric
Water Source:

Public

Schools

School District Name:

Allentown
School District Source:

Listing Agent

The Community

Pool:

No Pool
Cap Rate:

10.00

Parking

Garage:

No
Type of Parking:

Off Site, On Street

Extra Units

Vacation Rental:

No
Single Room Units:

1
Two Bedroom Units:

1

Explore the Area

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From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
3/29/24 Mar 29, 2024	Sold	BRIGHT	$250,000	1.2%
3/1/24 Mar 1, 2024	Pending	BRIGHT	$247,000
2/17/24 Feb 17, 2024	Listed / Active	BRIGHT	$247,000

Multifamily Sold on 3/29/2024

$250,000

Listing provided by broker:

james J Reardon

eXp Commercial

(888) 397-7352

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Listing Courtesy of: BRIGHT and eXp Commercial.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. BRIGHT MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller.

736 9th

ALLENTOWN, PA 18102