406 408 Ridge Avenue Open House Save Request In-Person Tour Request Virtual Tour
Allentown City,PA 18102
OPEN HOUSE
Sat Mar 22, 12:00pm - 4:00pm
Key Details
Property Type Condo
Sub Type Apartment Style
Listing Status Active
Purchase Type For Sale
Square Footage 5,148 sqft
Price per Sqft $77
Subdivision Not In Development
MLS Listing ID 753508
Bedrooms 6
Full Baths 4
Year Built 1865
Annual Tax Amount $4,441
Lot Size 5,619 Sqft
Property Sub-Type Apartment Style
Property Description
*PUBLIC OPEN HOUSE WEDNESDAY, 03/19 FROM 4PM-6PM!* Discover this exceptional 3-unit mixed-use investment property, and offering immediate rental income of $3,500 PER MONTH, with a projected income of $5,500 per month with the offices! Each unit is thoughtfully designed with modern stainless steel appliances, elegant hardwood floors, and spacious layouts that attract quality tenants. Large vacant office on the 1st floor can be converted into two and is currently on the market for rent! The building features a freshly painted exterior, adding curb appeal and ensuring a low-maintenance investment. Conveniently located close to major highways US-22 and I-78 for easy commute, Bucky Boyle Park, Coca Cola Park, Lehigh Valley Mall, Allentown Airport, shops, restaurants, and so much more! Whether you're a seasoned investor or just starting, this turnkey opportunity is perfect for long-term growth. Don't miss your chance to own this income-producing mixed-use property! *COMMERCIAL & RESIDENTIAL CLEAR CO WILL BE PROVIDED* *CAP RATE W/APTS ONLY: 9. CAP RATE W/APTS & COMM SPACE: 15*
Location
State PA
County Lehigh
Area Allentown-Central
Interior
Cooling No Air
Building
Story 3.0
Sewer Public
Water Public
New Construction No
Schools
School District Allentown
Others
Financing Cash,Conventional
Special Listing Condition Not Applicable