22 13Th St Allentown, PA 18102

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.