1. Pennsylvania
  2. Allentown City
  3. 1042 Lehigh Street
$310,000/mo

1042 Lehigh Street, Allentown City, PA 18103

  • 3 beds |
  • 2 baths |
  • 1,264 sqft
  • Property Icon Rental
  • Property Year Built Icon Built in 1890
  • Property Lot Size Icon3,485sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $245/sqft
  • Property List Date Icon Listed 3 days ago

Property Description

Two-unit income property in South Allentown offering multiple revenue streams and strong return potential. Projected gross annual income of $31,800 from two residential units and two rented garage bays. First-floor one-bedroom, one-bath unit with in-unit laundry is currently vacant, giving flexibility for an owner-occupant or immediate tenant placement at market rent. Second-floor one-bedroom, one-bath unit is tenant-occupied. Based on projected market rents, investors could see cap rates in the 7%-9% range and cash-on-cash returns approaching 7% with standard financing. Located minutes from Route 78, major roadways, shopping, and dining.

Listing Status:
Active
Listing Office:
Real Estate of America : (610) 351-7900
MLS ID:
762710
  • Laundry: Washer Hookup
  • Flooring: Carpet
  • A/C: Wall/Window Unit(s)
  • Heating: Gas

This listing courtesy of Real Estate of America

Location

Schools Nearby

J

Jefferson Elementary School

750 Saint John St, Allentown, PA, 18103

Grades PK-5

0.38 miles away

F

Francis D. Raub Middle School

102 S Saint Cloud St, Allentown, PA, 18104

Grades 6-8

1.08 miles away

B

Building 21 Allentown

265 Lehigh St, Allentown, PA, 18102

Grades 9-12

0.84 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.