PA > Allentown City > Not In Development
Allentown City, PA 18102,22 South 13th Street
Allentown City, PA 18102,22 South 13th Street
Allentown City, PA 18102,22 South 13th Street
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$395,000
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22 South 13th Street Allentown City, PA 18102

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Greg Dwornikowski

Greg Dwornikowski

+1(215) 534-7347

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Key Details

Property Type Condo, Townhouse

Sub Type Apartment Style,Row/Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 2,404 sqft

Price per Sqft $164

Subdivision Not In Development

MLS Listing ID 748083

Bedrooms 5

Full Baths 5

Year Built 1905

Annual Tax Amount $2,974

Property Sub-Type Apartment Style,Row/Townhouse

Property Description

Investment Opportunity: 5-Unit Property in Allentown with Income-Generating Potential!

Unlock a unique investment in the heart of Allentown with this versatile 5-unit building designed to maximize rental income! This property includes one spacious apartment and four shared rooms, creating a perfect mix of traditional and co-living spaces. This setup caters to the growing demand for affordable, flexible housing options, ideal for students and young professionals seeking budget-friendly spaces.

Diverse Income Streams: Maximize revenue with both private and co-living spaces, reducing vacancy risks and increasing occupancy.

High Demand Rental Market: Allentown is growing, and there's an increasing need for affordable housing options. Shared rooms appeal to young professionals and students looking for budget-friendly living, creating a consistent tenant pipeline.

Efficient Management and Turnover: This property's setup allows for efficient management and faster tenant turnover in shared rooms, making it easier to maintain high occupancy levels.

Value-Add Potential: Minor upgrades could boost rents and enhance property value.

Strong Market Fundamentals: Allentown's job growth and revitalization create a high-demand rental market, perfect for a stable tenant base.

This is an excellent opportunity to own an income-generating property that benefits from Allentown's rental demand trends and offers versatile leasing options for high returns.

Location

State PA

County Lehigh

Area Allentown-Central

Interior

Cooling No Air

Building

Sewer Public

Water Public

New Construction Yes

Schools

School District Allentown

Others

Financing Cash,Conventional,FHA,VA

Special Listing Condition Not Applicable

Listed by Steel City Realty

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agent

Greg Dwornikowski

Agent | License ID: RS328262

+1(215) 534-7347

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22 South 13th Street

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