1501 Chew Street, Allentown City, PA 18102
- 5 beds |
- 4 baths
Town Home 
Built in 1910 
2,178sqft lot
—— car garage 
$——/sqft 
Listed 1 month ago
Property Description
Investment property that is being sold with a clear CO for Sale from the City. No work to be done! Beautiful and fully rented 4-unit + 5 Garages mixed-use brick property located in the desirable West End of Allentown. This corner lot asset features three updated residential apartments, a long-term nail salon tenant, and five income-producing garage units. A turn-key investment opportunity with strong cash flow and upside potential. Net Income: $40,772 (Actual) | $50,672 (Projected) Cap Rate (Projected): 8.6%. Unit Mix: (2) Two-bedroom, one-bath apartments; (1) Studio/one-bedroom apartment; (1) Commercial Hair salon; (5) Single-bay garages. Financial Highlights: Gross Income: $57,660 (Actual) | $67,560 (Projected). Operating Expenses: $16,888/year (The actual numbers include Property Management and Vacancy factored in). Net Income: $40,772 (Actual) | $50,672 (Projected) Cap Rate (Projected): 8.6%
- Listing Status:
- Active
- Listing Office:
- EXP Realty LLC : (888) 397-7352
- MLS ID:
- 760090
- A/C: Wall/Window Unit(s)
- Heating: Baseboard
This listing courtesy of EXP Realty LLC
Monthly Payment
- Principal & Interest $
- Property Taxes $
- Home Insurance $
- VA Funding Fee $
Location
Schools Nearby
Jackson Early Childhood Center
517 N 15th St, Allentown, PA, 18102
Grades KG-KG
0.24 miles away
Francis D. Raub Middle School
102 S Saint Cloud St, Allentown, PA, 18104
Grades 6-8
0.56 miles away
William Allen High School
106 N 17th St, Allentown, PA, 18104
Grades 9-12
0.31 miles away