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Turnkey 7-Unit Income-Producing Property | $118,380 Gross Income | $87685 NOI 0ver 8% cap! This beautifully renovated, fully occupied 7-unit multifamily property is a cash-flowing investment powerhouse. Several units have been recently upgraded with new hardwood flooring, modern kitchens, fresh paint, updated bathrooms, and newer appliances. Select units also feature new windows and updated vanities, providing tenants with a high-quality living experience. One of the most valuable upgrades? Individually metered water "” all utilities are paid by the tenants, maximizing your net income. Tenants enjoy central air in most units, with six apartments equipped with high-efficiency heat pumps for both heating and cooling. The carriage house boasts split-unit systems offering year-round comfort. The property also features a charming courtyard for outdoor enjoyment and balconies in the top-floor units with scenic views. Units are spacious, bright, and easy to rent. Located in a rapidly developing area benefiting from ongoing warehouse and retail expansion, this property consistently attracts reliable tenants. Now fully leased and producing strong returns, this investment opportunity is ideal for those seeking stable cash flow with minimal maintenance. One of the sellers is a licensed real estate agent.
| DAYS ON MARKET | 1 | LAST UPDATED | 7/2/2025 |
|---|---|---|---|
| YEAR BUILT | 1890 | COMMUNITY | Allentown City (12302) |
| COUNTY | LEHIGH | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| School District | ALLENTOWN |
|---|
| ADDITIONAL DETAILS | |
| AIR | Central Air, Electric |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Water Heater |
| AREA | Allentown City (12302) |
| CONSTRUCTION | Stucco |
| HEAT | Electric, Heat Pump |
| LOT | 4792 sq ft |
| LOT DIMENSIONS | 40.00 x 115.32 |
| PARKING | On Street, Private, Parking Lot |
| SEWER | Public Sewer |
| TAXES | 8053 |
| VIEW | Yes |
| VIEW DESCRIPTION | City |
| WATER | Public |
| ZONING | residential |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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