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    948 Front Street

    Allentown City, PA 18102
    • $580,000
    • STATUS: Available
    • ON SITE: 88 days
    • MLS #: 644755
    UPDATED: 66 min ago
    $580,000
    • 0
      BEDS
    • 2.72
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    County:

    School Ratings & Info

    School District:

    Description

    Approved Apartment Subdivision - This is a great opportunity to own an approved 29 apartment subdivision, close to the new riverfront redevelopment and just north of American Parkway. The site has all City of Allentown approvals in place (with exception to final building permits to the best of seller's knowledge). Plan available on request. Build out and sell or build them as rentals. As a rental, 29 Total Units made up of 14 1-bedroom units estimated at $1100 per month rent and 15 2-bedroom units estimated at $1400 per moth rent would bring in a Gross Income of $436,800 per year. Buyer is to be responsible for NPDES.

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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 2020-10-28T20:12:57.467.
    www.poconoshousehunting.com/homes/108439063
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    948 Front Street Allentown City, PA 18102

    • Price: $580,000
    • Status: Available
    • Updated: 66 min ago
    • MLS #: 644755
    0
    Beds
    0
    Baths
    0
    ½ Baths
    2.72
    Acres
    Neighborhood:
    Not In Development
    County:
    Lehigh
    Area:
    Allentown-Central
    School District:
    Allentown
    Property Description
    Approved Apartment Subdivision - This is a great opportunity to own an approved 29 apartment subdivision, close to the new riverfront redevelopment and just north of American Parkway. The site has all City of Allentown approvals in place (with exception to final building permits to the best of seller's knowledge). Plan available on request. Build out and sell or build them as rentals. As a rental, 29 Total Units made up of 14 1-bedroom units estimated at $1100 per month rent and 15 2-bedroom units estimated at $1400 per moth rent would bring in a Gross Income of $436,800 per year. Buyer is to be responsible for NPDES.
    Exterior Features

    Lot Size 1 - 3 Acres Road City Road Surface Type Black Top Topography Level

    Property Features

    Best Use Apartments Improvements Cleared Lot Size Source Tax Records Options Build To SuitSell All Perc Test Not Required Possible Financing CashConventional Restrictions Any Builder Sewer Public Site Special Conditions Not Applicable Total Taxes 5432.96 Utilities Electric Overhead Water Public Site Zoning Code Rm

    Listing provided courtesy of Century 21 Keim Realtors.


    © 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 2020-10-28T20:12:57.467.
     
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    705 Glen Lane
    Sciota PA, 18354