PROJECTED $31200 gross and $25200 net income over 10% cap rate 2-unit investment property in the Heart of Allentown. Property comes with 100% clear CO from the city of Allentown. 1st floor renovated one bedroom unit with access to the yard will be left vacant form showings. Seller could rent it after there is an agreement. 2nd floor is month to month at $1250 in a large 2-bedroom apartment which can be rented at $1475. The savvy investor can easily exceed these projected numbers The heat and electric are all separated, and you can charge them for water/sewer. Buyer does not need to worry about any city repairs, just get the rents where they can be and have great cash flowing property. Leaving unit vacant has tenants lined up for $1150. People who do not think we can get these rents don't get the market. Great rental market! Come take advantage. Rental in the area do not stay vacant
Sold for $250,000 on 04/09/24
$250,000
736 N 9th St, Allentown, PA 18102
3beds
--sqft
Multi Family, Apartment
Built in 1902
-- sqft lot
$267,700 Zestimate®
$--/sqft
$1,536 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: April 11, 2024 at 08:50am
Listed by:
Joshua Schoenberger,
EXP Realty LLC
Bought with:
Mike Daly, RS357889
Realty One Group Supreme
Source: GLVR,MLS#: 730861
Originating MLS: Lehigh Valley MLS

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Gas
Cooling
- None
Property
Parking
- Total spaces: 2
- Parking features: Off Site
Features
- Stories: 3
Lot
- Size: 1,263 sqft
Details
- Parcel number: 549783485071 1
- Zoning: R-MH
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Apartment
Materials
- Brick
Condition
- Year built: 1902
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Allentown
- Subdivision: Not in Development
Other
Other facts
- Listing terms: Cash,Conventional,FHA
Services availability
Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$267,700
2% more+ $5,354
With Zillow Showcase(estimated)
$273,054