614 8Th Street Allentown, PA $ 295,000
614 8Th Street
$ 295,000
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614 8Th Street

Allentown, PA, 18102
$ 295,000
Bedrooms5 Baths3.0 Sq 2,316

Monthly Estimate*

$ 2,061

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Townhouse for sale in Allentown, PA

for $295,000 with 5 bedrooms and 3 full baths. This 2,316 square foot townhouse was built in 1900 on a lot size of 0.046.

*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.

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Townhouse Pending

Price

$ 295,000

Bedrooms

5

Full Bath

3

Property Type

Townhouse

Taxes

$ 2,540

Style

Lot Size

0.046

Year Built

1900

Town/City

Allentown

County/Region

Lehigh

MLS | Web ID

734797

Features
General
Sewer Public
Hot Water Electric
Construction Vinyl
Cooling None
Appliances Clothes Washer Double Oven Laundry Hookup Oven Electric Oven/Range Electric Refrigerator Washer/Dryer
Water Public
Garage Off & On Street
Subdivision Not in Development
Heater Type Baseboard Electric
School District Allentown
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Exterior
Garage Capacity (Cars) 2
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Interior
Total Rooms 10
Total Number of Rooms 13
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* Excluded Features
List By
Rick Matos

Listing Agent

Ironvalley Re Of Lehigh Valley

Broker

rickmatos@gmail.com

Email

Affordability Calculator

$2,272
Per Month
91%
9%
0%
Monthly Principal & Interest
$2,061
Monthly Property Taxes
$212
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
THE TIME TO SELL IS NOW!
Nearby
266650 Elementary School
266653 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/22/2024$295,000 Listed Price

Map


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614 8Th Street, Allentown, PA, 18102 is a Townhouse for sale at $295,000 with 2,316 sqft and a lot size of 0.046. 614 8Th Street has 5 bedrooms, 3.0 baths, and was built in 1900. The property's zip code is 18102 which is in Allentown, PA