702 S 8Th Street, Allentown, PA 18103 (MLS # 751068)
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TURN-KEY INVESTMENT OPPORTUNITY in sought-after Downtown location. This 4-unit property has been fully-renovated from top to bottom, inside & out with nothing left to do but produce positive cashflow. Consisting of TWO 2-bed, 1-bath units that are renovated with new kitchens, baths, and brand new HVAC systems, another BRAND NEW 2-bed, 1-bath unit approx 1300+/- sq ft ready for occupancy, PLUS approx 1800+ sq ft lower level with 2 outside entrances for owner use/storage, or create additional cashflow. Current rents are $1,250/m(long term tenant), $1,500/m, & $2,000/m(projected), totaling $57,000/y gross income with NOI over $41,000/year, without including the entire lower level!! Recent updates throughout the building include: New Vinyl Facade, New Vinyl Windows throughout, New Decks, New Kitchens w/ Granite Tops, New HVAC units(all heat pumps w/ A/C), New Baths, Brand New 4 Meter Gang Electric Service. Truly a unique property that will not disappoint, don't miss out, schedule today!
| DAYS ON MARKET | N/A | LAST UPDATED | 1/15/2025 |
|---|---|---|---|
| TRACT | Not in Development | YEAR BUILT | 1930 |
| COMMUNITY | Allentown-South | COUNTY | Lehigh |
| STATUS | Sold | PROPERTY TYPE(S) | Multi Family |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Allentown-South |
| CONSTRUCTION | Stucco, Vinyl Siding |
| HEAT | Heat Pump |
| LOT | 3441 sq ft |
| LOT DIMENSIONS | 3441.0 |
| PARKING | Parking Pad |
| SEWER | Public Sewer |
| STORIES | 2 |
| SUBDIVISION | Not in Development |
| TAXES | 6547.02 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
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*Estimate only
Listed with Home Team Real Estate
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