1124 Linden Street
Allentown,
PA
18102
Property Details
List Price: |
$359,000 |
Beds: |
5 |
Baths: |
4 |
Status: |
Active |
SqFt: |
2583 |
Agency: |
Iron Valley Real Estate of Lehigh Valley |
Description/Comments
Lot Size: |
-- |
Property Type: |
MultiFamily |
Year Built: |
1900 |
Notes: |
Welcome to this well maintained 2-unit property nestled in a highly sought after neighborhood. This versatile property boasts 2 spacious apts & a dedicated office space which is ideal for a variety of small businesses such as an accounting firm, law practice, counseling services, therapy office or insurance agency it allows for a professional setting right at your doorstep. The detached 3-car garage adds convenience & value. The expansive 1st Fl apt features an open concept layout with a large eat-in kitchen/dining area flowing into a huge living room creating a perfect space for entertaining & family gatherings. This inviting layout ensures comfortable living with ample room for both relaxation & dining. The 2nd Fl apt offers generous living spaces with 2 full modern bathrooms, an updated kitchen & 4 sizable bedrooms. The apt also includes 2 spacious living areas providing flexibility for various living arrangements. Enjoy the outdoors with a walk-out deck which is perfect for relaxing or entertaining guests. This property is not only a comfortable residence but also a lucrative investment opportunity with a clear City CO. A gross income of $51,600 + net income of $45,000 this property boasts a remarkable cap rate of 12.5%. It's an excellent choice for first-time investors seeking a reliable income stream or a seasoned investors looking to expand their portfolio. Don’t miss out on this exceptional property that combines residential comfort & business potential! |
MlsNumber: |
739703 |
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Listing Provided By: |
Iron Valley Real Estate of Lehigh Valley, original listing |
Name: |
Iron Valley Real Estate of Lehigh Valley |
Phone: |
(484) 241-1011 |
Office Name: |
IronValley RE of Lehigh Valley |
Office Phone: |
(610) 766-7200 |
Agent Name: |
Rick Matos |
Disclaimer: |
Copyright © 2024 Greater Lehigh Valley REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |