754 N N 4Th Street Allentown, PA $ 945,000
754 N N 4Th Street
$ 945,000
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754 N N 4Th Street

Allentown, PA, 18102
$ 945,000
Baths0.0 Sq 6,780

Monthly Estimate*

$ 6,601

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Studio

Commercial Property for sale in Allentown, PA

for $945,000. This 6,780 square foot building was built in 1910 on a lot size of 0.06.

NEW PRICE ALL COMPLETED CITY CO. $108,000 Gross Income, $75613 Net Income, 8% hard Cap. These prideful owners have invested hundreds of thousands to completely renovate this fully occupied, cash-flowing, turnkey, 6-unit apartment building. All 6 units have been FULLY updated from top to bottom with fresh paint, new flooring, new energy-efficient windows, newly tiled bathrooms, and all-new kitchens. Each unit has a massive floorplan, tons of sunlight, and are all 2BR, 1BA. The building features ALL-BRICK construction has had a total facelift including a facade and has a very well-maintained roof. Tenants pay all utilities and include reimbursement. These are great tenants, have been there for over a year and treat their apartments beautifully. ALL Leases are $1500 with room to grow. It is rare to find this type of property in downtown as many properties have been purchased by out-of-state (NYC) investors. Located in downtown Allentown, next to the city center, and within walking distance of all attractions, restaurants, sports games, and near all interstates. The ownership group is listing over 25 multi-family units available in addition to this property. *Seller is a licensed real estate agent. *** PROJECTIONS are over $118,000 with slightly higher rents***

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Commercial Active

Price

$ 945,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 8,421

Style

Apartment Building

Lot Size

0.06

Year Built

1910

Town/City

Allentown

County/Region

Lehigh

MLS | Web ID

PALH2007818

Features
Interior
Heating Fuel Electric
Hot Water Electric
Heating Y/N Y
Street Suffix STREET
Central Air Y/N N
Total Restrooms 6
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General
Sewer Public Sewer
Heating Hot Water
Cooling Window Unit(s)
Possession Immediate 0-30 Days CD Negotiable
Roof Cool/White Flat Rubber
Zoning R-MH
Construction Materials Brick Block
Exclusions Personal property
Year Built 1910
Property SubType Five Or More Units
Tax Year 2022
Percent Ownership Fee Simple
Cool Fuel Electric
Municipality ALLENTOWN CITY
Gross Income 108000.00
Business Type Apartment Building
Accessibility 2+ Access Exits
County LEHIGH
Net Operating Income 90679.00
Insurance Expense 4500.00
New Construction N
Property Type Commercial Sale
Water Access Y/N N
Status ACTIVE
Directions 4th st to Wahington and GPS
City ALLENTOWN
Buyer Agent Compensation 2
Total Units 6
MLS Area Allentown City (12302)
Lot Size Square Feet 2396.00
Waterfront Y/N N
Street Name N 4TH
Tax Annual Amount 8421.0
Electric Expense 350.00
Fuel Expense 0.00
Trash Expense 0.00
Price Per Sq Ft 139.38
Association Fee 0.00
Vacation Rental Y/N N
Virtual Tour https://www.youtube.com/watch?v=u6caXhiDU_E
Days on Market 82
Standard Status Active
Year Built Source Estimated
Tax Lot 1
Cap Rate 8.20
Buyer Agent Compensation Type % Of Gross
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Exterior
Water Source Public
Inclusions All appliances
Type of Parking On Street
Water View Y/N N
Building Area Total 6780.00
Lot Dimensions 20.00 x 120.00
Lot Size Acres 0.06
Lot Size Units Square Feet
Lot Size Source Assessor
Land Assessed Value 36000.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 754
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* Excluded Features
List By
Exp Commercial

Broker

jimjrreardon@gmail.com

Email

Affordability Calculator

$7,303
Per Month
90%
10%
0%
Monthly Principal & Interest
$6,601
Monthly Property Taxes
$702
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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THE TIME TO SELL IS NOW!
Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/8/2024$945,000 -8.52% Price Down
4/13/2024$1,033,008 -6.09% Price Down
2/17/2024$1,100,000 Listed Price

Map


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754 N N 4Th Street, Allentown, PA, 18102 is a Commercial Property for sale at $945,000 with 6,780 sqft and a lot size of 0.06. 754 N N 4Th Street is a studio with 0.0 baths and was built in 1910. The property's zip code is 18102 which is in Allentown, PA