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22 13Th St Allentown, PA 18102

For Sale
$395,000

Five-unit building, strong NOI.

Property size:
2,404 SF

Description

Added:
Dec 11, 2024
Days on Market:
366
This exceptional investment opportunity presents a 5-unit multifamily property located at 22 S 13th St, Allentown, PA 18102. Built in 1905, this two-story building encompasses 2,404 square feet and currently boasts 80% occupancy. The property comprises one spacious apartment and four shared rooms, catering to a diverse range of tenants and maximizing rental income potential. This unique configuration offers a blend of traditional and co-living spaces, addressing the growing demand for affordable housing options in Allentown's thriving rental market. The property's current Net Operating Income (NOI) stands at $39,765, demonstrating its strong financial performance. The asking price is $395,000. Situated in Lehigh County, this property benefits from Allentown's revitalization and job growth, ensuring a stable tenant base and consistent rental income. The efficient layout allows for streamlined management and quick tenant turnover, contributing to high occupancy rates. This property presents a compelling investment opportunity with potential for value enhancement through minor upgrades, further increasing its profitability and return on investment. The property's strategic location and adaptable design make it an attractive asset for investors seeking a stable and income-generating property in a dynamic market. This is a rare opportunity to acquire a well-performing multifamily building in a desirable location.

Property Features for 22 13Th St

General Information

Property type
Multifamily properties
Square Feet
2,404 SF

Building Details

Year Built
1905
Buildings
1
Stories
2
Units
5

Property Profile Insight Report Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Allentown
County
Lehigh
State
Pennsylvania
Longitude
-75.4837597
Latitude
40.5981873

FAQs

What type of property is this?
Multifamily property - Five-unit building, strong NOI.
Where is this multifamily property located?
The property is located at 22 13Th St Allentown, PA.
What is the asking price?
The asking price for this property is $395,000.
More about this property
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