Here is your chance to own an exceptional and consistently cash-flowing 4-unit property in a quiet neighborhood near Lehigh Parkway. Each unit has been updated over the past few years and is ready for the next investor. The property includes one 4-bed 2-bath single family; two 2-bed, 1-bath apts; and one 1-bed, 1-bath apt in the main building. Income and expenses have been tracked, eliminating any guesswork. Each unit has been recently updated, NOI is legit 8.73%, and is fully leased. Tenants are responsible for heat (hydronic baseboard), electricity, snow removal, & sanitation/trash. Owner takes care of water/sewer, common electricity, & yard maintenance. (Do not walk the property without an agent.) This property features three off-street parking spots, new roofs installed in 2010 (main roof) and 2024 (lower shared roof), and new windows 2020. Additionally, it includes two coin-operated laundry rooms that provide extra income. There's potential to further increase revenue by renting out the sectioned-off storage space in the basement. Hardwired IR security cameras offer off-site monitoring, though they have only been used to track misdelivered packages. The property is within walking distance to Lehigh Parkway Elementary School and Lehigh Parkway Park (southern part of Allentown near Emmaus), and is conveniently close to I-78, making commuting easy for tenants. Photos of each unit were taken before the current tenants moved in. This fully occupied 4-unit property is ready to start generating cash flow for you. (Do not walk the property without an agent.)
Sold for $640,000 on 09/09/24
$640,000
1510 Coronado St, Allentown, PA 18103
9beds
5baths
3,184sqft
Quadruplex
Built in 1944
-- sqft lot
$435,200 Zestimate®
$201/sqft
$1,286 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: September 23, 2024 at 03:02pm
Listed by:
Aaron Powell 215-896-0219,
Keller Williams Real Estate-Montgomeryville
Bought with:
Christopher Topping, RS272111
RE/MAX Real Estate-Allentown
Source: Bright MLS,MLS#: PALH2008738

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 5
Basement
- Area: 1000
Heating
- Baseboard, ENERGY STAR Qualified Equipment, Zoned, Electric
Cooling
- Ceiling Fan(s), Wall Unit(s), Electric
Appliances
- Included: Electric Water Heater, Gas Water Heater
Features
- Flooring: Luxury Vinyl, Carpet, Ceramic Tile
- Has basement: No
- Number of fireplaces: 1
Interior area
- Total structure area: 4,184
- Total interior livable area: 3,184 sqft
Property
Parking
- Total spaces: 3
- Parking features: Driveway, On Street
- Uncovered spaces: 3
Accessibility
- Accessibility features: None
Features
- Pool features: None
Lot
- Size: 6,534 sqft
- Dimensions: 66.51 x 121.33
- Features: Corner Lot, Front Yard, Landscaped, SideYard(s), Corner Lot/Unit
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 54967167100400001
- Zoning: R-M
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Brick
- Foundation: Block
- Roof: Shingle
Condition
- Excellent,Very Good
- New construction: No
- Year built: 1944
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Security
- Security features: 24 Hour Security
Location
- Region: Allentown
- Subdivision: Lehigh Parkway
- Municipality: ALLENTOWN CITY
HOA & financial
Other financial information
- Total actual rent: 76200
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Income includes: Apartment Rentals, Laundry
- Listing terms: Cash,Conventional,VA Loan
- Ownership: Fee Simple
- Road surface type: Black Top
Services availability
Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$435,200
2% more+ $8,704
With Zillow Showcase(estimated)
$443,904