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    144 7Th Street

    Allentown City, PA 18101
    • $1,100,000
    • STATUS: Available
    • ON SITE: 32 days
    • MLS #: 649313
    UPDATED: 46 min ago
    $1,100,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,102
      SQFT
    • $180
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1975
    County:

    School Ratings & Info

    School District:

    Description

    OPPORTUNITY ZONE! $255,600 Projected Gross, $191,700 Projected Net Income, 15% Cap at 1.1MM asking, requiring heavy RENO to build the 11 Units to create the best corner building that promises to be a diamond in the burgeoning Allentown City Center. Sitting 1300 Feet to the PPL center and surrounded by multi-million-dollar projects, it is the perfect project for a developer. Comparable: Comparable: 130 S 7th street is listed for $4.9M. Brick walls, concrete floors, steel column and floor bracing and many windows make this a building that will stand the test of time. CASH OFFER PREFERRED, AS-IS, Where IS. BUYER MUST present verifiable bank statement or POF for access to DUE DILIGENCE VAULT including, leases, rent rolls, full property inspection report by reputable, local, company. Willing to accept offers contingent upon access. SEE VIRTUAL TOUR, DRONE, IMAGES, ETC., CUT DUE Diligence TIME and MOVE ON THE OPPORTUNITY ZONE IN ALLENTOWN!

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    © 2020 Greater Lehigh Valley REALTORS® All Rights Reserved. Based on information from the Greater Lehigh Valley REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Real Estate. Data last updated 2020-10-28T18:12:57.96.
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    144 7Th Street Allentown City, PA 18101

    • Price: $1,100,000
    • Status: Available
    • Updated: 46 min ago
    • MLS #: 649313
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    6,102
    SQFT
    $180
    $/SQFT
    1975
    Built
    Neighborhood:
    Allentown-Central
    County:
    Lehigh
    Area:
    Allentown-Central
    School District:
    Allentown
    Property Description
    OPPORTUNITY ZONE! $255,600 Projected Gross, $191,700 Projected Net Income, 15% Cap at 1.1MM asking, requiring heavy RENO to build the 11 Units to create the best corner building that promises to be a diamond in the burgeoning Allentown City Center. Sitting 1300 Feet to the PPL center and surrounded by multi-million-dollar projects, it is the perfect project for a developer. Comparable: Comparable: 130 S 7th street is listed for $4.9M. Brick walls, concrete floors, steel column and floor bracing and many windows make this a building that will stand the test of time. CASH OFFER PREFERRED, AS-IS, Where IS. BUYER MUST present verifiable bank statement or POF for access to DUE DILIGENCE VAULT including, leases, rent rolls, full property inspection report by reputable, local, company. Willing to accept offers contingent upon access. SEE VIRTUAL TOUR, DRONE, IMAGES, ETC., CUT DUE Diligence TIME and MOVE ON THE OPPORTUNITY ZONE IN ALLENTOWN!
    Exterior Features

    Construction BrickMasonryMetalOther Location CornerFree-Standing Lot Dimensions 71.1 X 100 Parking Off SiteOn Site Parking Spaces 11 Road City Road Surface Type Black Top

    Interior Features

    Available Sq Ft 6102 Building Sq Ft 6102 Ceiling 0-9 Feet10-12 Feet13-15 Feet16-18 Feet Cooling Ceiling FanWall Ac Heat Type ElectricGas

    Property Features

    Gross Income 255600 Level Grade Lot Size Source Tax Records Net Income 191700 Possible Financing AssumableCashConventionalExchangeInstallment PaymentsPurchase Payments Potential Use ApartmentsAuto ServiceChurchConvenience StoreFood BanquetGrocery StoreHotel/MotelIndustrialLaundryMini MartOfficeOtherProfessional ServiceResearch And DevelopResidenceRestaurantRetail Property Sub Type Category Apartment BuildingFlexible SpaceRetail Sewer Public Special Conditions Not Applicable Square Footage Source Tax Records Total Taxes 5897.36 Utilities 3 Phase Water Public Year Built Exception Unknown Zoning Code B-2-Central Business

    Listing provided courtesy of Exp Realty Llc.


    © 2020 Greater Lehigh Valley REALTORS® All Rights Reserved. Based on information from the Greater Lehigh Valley REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Real Estate. Data last updated 2020-10-28T18:12:57.96.
     
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    Keller Williams Real Estate
    705 Glen Lane
    Sciota PA, 18354