521 N 6th Street, Allentown, PA 18102 (MLS # 771377)

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PRICE $415,000 BEDS 5 BATHS 3 HOME SIZE 2,208 sqft LOT SIZE 1,917 sqft Request More Info Schedule a Showing

Excellent opportunity to acquire a performing SRO house in the heart of Allentown's rental corridor. This income-producing property offers strong in-place cash flow and solid long-term upside for investors seeking reliable returns. The property generates approximately $37,656 in annual gross income, producing a Net Operating Income of $31,490 and an attractive 7.59% cap rate at the current asking price. ? With very little monthly expenses and minimal vacancy, this asset delivers positive annual cash flow of approximately $7,035, equating to roughly $586 per month in net income. ? Based on current projections, buyers can expect a first-year return on equity of approximately 22.5%, supported by stable cash flow, principal reduction, and appreciation. The first and second floors have a total of 4 units, two on each level, and each has their own kitchen and living space. The tenants maintain the common bathrooms, one on each floor. The 3rd floor unit has its own private bathroom.