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Sold for $295,000 on 05/10/24
  • $295,000

    614 N 8th St, Allentown, PA 18102

    5beds
    2,316sqft
    Townhouse
    Built in 1900
    2,003.76 Square Feet Lot
    $314,300 Zestimate®
    $127/sqft
    $2,292 Estimated rent

    What's special

    *Investment Opportunity* Welcome to this lucrative investment opportunity nestled in a prime rental location. This 2-unit property promises not only substantial strong rental income but also desirable amenities, making it an ideal addition to any investor's portfolio. Currently housing a tenant occupied 2-bedroom/1-bath 1st Fl unit with 2 off-street parking spots plus access to the basement for laundry that's rented at $1,250. The vacant spacious renovated 3-bedroom/2-full baths 2nd Fl unit consists of a modern kitchen with newer appliances plus a laundry area that can be easily rented for $1,850. It offers a total net income of $32,585 resulting in an impressive 11% cap rate! Located in a high-demand rental area, this property minimizes the risk of prolonged vacancies contributing to sustained profitability. You also have the flexibility to owner-occupy one unit & keep one unit rented. Seize this opportunity to acquire a lucrative investment property with substantial income potential. Whether you're a seasoned investor or exploring your first venture, this property promises attractive returns & enduring value. Schedule a viewing today & unlock the possibilities of real estate investment success! The seller will provide a clear certificate of occupancy from the City of Allentown.

    Zillow last checked: 7 hours ago

    Listing updated: May 10, 2024 at 09:24am

    Listed by:

    Rick Matos,

    IronValley RE of Lehigh Valley

    Bought with:

    George J. Mosellie, RS351305

    Coldwell Banker Hearthside

    Source: GLVR,MLS#: 734797MLS LogoOriginating MLS: Lehigh Valley MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Baseboard, Electric
    Cooling
    • None
    Appliances
    • Included: Double Oven, Dryer, Electric Oven, Electric Range, Electric Water Heater, Refrigerator, Washer
    • Laundry: Washer Hookup, Dryer Hookup
    Features
    • Breakfast Area, Dining Area, Separate/Formal Dining Room, Eat-in Kitchen
    • Flooring: Carpet, Laminate, Luxury Vinyl, Luxury VinylPlank, Resilient, Tile
    • Basement: Full,Other
    Interior area
    • Total interior livable area: 2,316 sqft
    • Finished area above ground: 2,316
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 2
    • Parking features: Off Street, On Street
    • Garage spaces: 2
    • Has uncovered spaces: Yes
    Features
    • Stories: 3
    Lot
    • Size: 2,003 sqft
    Details
    • Parcel number: 549793233003001
    • Zoning: R-MH-MEDIUM HIGH DENSITY
    • Special conditions: None

    Construction

    Type & style
    • Home type: Townhouse
    • Property subtype: Townhouse
    Materials
    • Vinyl Siding
    • Roof: Asphalt,Fiberglass
    Condition
    • Year built: 1900

    Utilities & green energy

    • Electric: Circuit Breakers
    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Allentown
    • Subdivision: Not in Development

    Other

    Other facts
    • Listing terms: Cash,Conventional,1031 Exchange,FHA
    • Ownership type: Fee Simple
    Services availability
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    An equal housing lender. NMLS #10287.

    Sell for more on Zillow

    Get a free Zillow Showcase℠ listing and you could sell for .

    $314,300
    2% more+ $6,286
    With Zillow Showcase(estimated)
    $320,586