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Property view

117 North Penn Street, 
Allentown City, PA 18102

$230,000


5

Beds


2

Baths


1,200

Sq Ft


Multi-Family

Sold

Listed by

Jennifer L. Dejesus

Steel City Realty

MLS#

732484

Source:

PA LVAR

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About This Home

117 North Penn Street

Attention savvy investors! Get ready to elevate your portfolio with this exceptional two-unit property located at 117.5 N Penn St in Allentown. Boasting a rare combination of a 1-bedroom and a 4-bedroom unit, this property promises diverse rental income streams. With a gross income of $27,000 and a net income of $23,252 annually, this investment is a true cash cow. Priced competitively at $230,000, and with the owner responsible for taxes, trash, and insurance, managing this property is a breeze. Tenants handle all other utilities, further enhancing your return. Situated in a prime location in Allentown, this property offers tremendous rental potential. Don't miss out on this golden opportunity to secure a lucrative investment with a strong cap rate for this area. Act now and make this income-generating asset yours today!

Home Facts

Multi-Family

2 Baths

5 Bedrooms

Built in 1895

Subdivision & Development:

Not in Development

Price Summary

230,000

$191 per Sq. Ft.

MLS #:

732484

Sold:

June 3, 2024


Rooms & Interior

Bedrooms

Total Bedrooms:

5

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

2

Interior

Living Area:

1,200 Sq. Ft.


Structure

Structure

Building Area:

1,200 Sq. Ft.

Year Built:

1895


Lot

Lot Size (Sq. Ft):

854


Finances & Disclosures

Finances

Price:

$230,000

Price per Sq. Ft:

$191 per Sq. Ft.

Source:PA LVAR
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