Here is your chance to own an exceptional and consistently cash-flowing 4-unit property in a quiet neighborhood near Lehigh Parkway. Each unit has been updated over the past few years and is ready for the next investor. The property includes one 4-bed 2-bath single family; two 2-bed, 1-bath apts; and one 1-bed, 1-bath apt in the main building. Income and expenses have been tracked, eliminating any guesswork. Each unit has been recently updated, NOI is legit 8.73%, and is fully leased. Tenants are responsible for heat (hydronic baseboard), electricity, snow removal, & sanitation/trash. Owner takes care of water/sewer, common electricity, & yard maintenance. (Do not walk the property without an agent.) This property features three off-street parking spots, new roofs installed in 2010 (main roof) and 2024 (lower shared roof), and new windows 2020. Additionally, it includes two coin-operated laundry rooms that provide extra income. There's potential to further increase revenue by renting out the sectioned-off storage space in the basement. Hardwired IR security cameras offer off-site monitoring, though they have only been used to track misdelivered packages. The property is within walking distance to Lehigh Parkway Elementary School and Lehigh Parkway Park (southern part of Allentown near Emmaus), and is conveniently close to I-78, making commuting easy for tenants. Photos of each unit were taken before the current tenants moved in. This fully occupied 4-unit property is ready to start generating cash flow for you. (Do not walk the property without an agent.)
Allentown is located in Pennsylvania. Allentown, Pennsylvania has a population of 120,128. Allentown is less family-centric than the surrounding county with 23.64% of the households containing married families with children. The county average for households married with children is 29.82%.
The median household income in Allentown, Pennsylvania is $38,522. The median household income for the surrounding county is $60,116 compared to the national median of $57,652. The median age of people living in Allentown is 31.8 years.
The average high temperature in July is 84.2 degrees, with an average low temperature in January of 19.5 degrees. The average rainfall is approximately 48.1 inches per year, with 32.9 inches of snow per year.
