148 S 7Th Street, Allentown, PA 18101 (MLS # 718619)
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Investment Opportunity available for sale in Downtown Allentown. This mixed-use four (4) unit property is +/- 6,102 SF that features a ground-level retail space of +/- 3,450 SF; three (3) two-bedroom (1) bedroom residential apartments that are ready to be leased for $1,850 to $2,000 per month based on area comps. The building was completely renovated throughout, with all the residential units comprised of breathtaking views through the newly replaced bay windows. All the units are separately metered and offer min-split air units along with washer and dryer hookups. The retail space is zoned B-2, which allows use for an Art gallery, Restaurant, Trade School, And a wide variety of Personal Services. The building is located one block from major Development such as (NIZ) Neighborhood Improvement Zone. The NIZ is a State Tax district created in 2011 that is being utilized to encourage development and revitalization in the center city of Allentown.
| DAYS ON MARKET | 307 | LAST UPDATED | 4/10/2024 |
|---|---|---|---|
| TRACT | Not in Development | YEAR BUILT | 1960 |
| COMMUNITY | Allentown-Central | COUNTY | Lehigh |
| STATUS | Sold | PROPERTY TYPE(S) | Multi Family |
| School District | Allentown |
|---|
| PRICE HISTORY | |
| Prior to Dec 7, '23 | $1,200,000 |
|---|---|
| Dec 7, '23 - Today | $950,000 |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Allentown-Central |
| CONSTRUCTION | Brick |
| LOT | 7100 sq ft |
| SEWER | Public Sewer |
| SUBDIVISION | Not in Development |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
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*Estimate only
Listed with Keller Williams Real Estate
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