1. Pennsylvania
  2. Allentown City
  3. 542 West Walnut Street
$675,000/mo

542 West Walnut Street, Allentown City, PA 18101

  • 4,541 sqft
  • Property Icon Rental
  • Property Year Built Icon Built in 1895
  • Property Lot Size Icon4,487sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $149/sqft
  • Property List Date Icon Listed 2 months ago

Property Description

Welcome to this completely updated, solid brick, 5 unit investment property, with hardwood floors everywhere. Tenants pay gas for heat & cooking, & electric with ceiling fans for cooling. Located across from City Center's new Walnut Street Commons (with an attached parking garage*). These easy to rent apartments have upgraded kitchens, new SS fridges and stoves, counter tops, tile bathrooms, ceiling fans & window blinds. Pride of ownership shows in the clean & well maintained common spaces and quality tenants. Durable carpeting & rubber tread-protectors on the stairs help preserve the original hardwood. Security cameras both inside and outside, plus good exterior lighting add to the attractiveness of this building for tenants. Three new roofs, plus side and rear yards are fenced & locked, and the large fire escape provide a safe exit for all units. Large clean basement runs the length of the building & has access through a rear door under the 1st floor rear unit. Priced at a 7.2% CAP rate using current rents, there is upside in the rents to bring them to market rate. Proof of funds required prior to scheduling a tour. Tour offering times are limited due to schedules. Please call listing agent to discuss. Please do not try to gain access to the building, the yard, or bother the tenants. *The parking deck allows public parking. Check with the Allentown Parking Authority for monthly pass availability.

Listing Status:
Active
Listing Office:
HowardHanna TheFrederickGroup : (610) 398-0411
MLS ID:
757173
  • Flooring: Hardwood
  • A/C: Ceiling Fan(s)
  • Heating: GasHot Water

This listing courtesy of HowardHanna TheFrederickGroup

Location

Schools Nearby

L

Lincoln Early Childhood Center

, Allentown, PA, 18102

Grades PK-5

0.38 miles away

H

Harrison-Morton Middle School

137 N 2nd St, Allentown, PA, 18101

Grades 6-8

0.63 miles away

B

Building 21 Allentown

265 Lehigh St, Allentown, PA, 18102

Grades 9-12

0.15 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.