PA > Allentown City
Allentown City, PA 18101,521 West Walnut Street
Allentown City, PA 18101,521 West Walnut Street
Allentown City, PA 18101,521 West Walnut Street
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$379,000
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521 West Walnut Street Allentown City, PA 18101

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Greg Dwornikowski

Greg Dwornikowski

+1(215) 534-7347

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Key Details

Property Type Condo, Commercial

Sub Type Apartment Building,Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 2,564 sqft

Price per Sqft $147

MLS Listing ID 750393

Year Built 1901

Lot Size 2,222 Sqft

Property Sub-Type Apartment Building,Commercial

Property Description

3-unit recently renovated apartment building for rent in desirable downtown Allentown. This building sits in a prime location that is currently being under-utilized. The front building has two units - unit one is a studio/one bedroom apartment that is currently leased, ending mid-April 2025. Unit two is currently month to month. The rear two-story building holds a large garage with separate entrances that is not currently leased. The upstairs unit is set up as an apartment and currently zoned as a commercial unit by the City. It has a tenant and a back-up tenant for the space. This property has great potential to substantially increase its value due to its location, current rents, utility charges and the explosive growth in downtown Allentown. There are a total of four income streams for this property. This is a 9.5 CAP RATE with garage rented and room to grow!

Location

State PA

County Lehigh

Area Allentown-Central

Interior

Cooling Window ACs

Exterior

Garage Spaces 1.0

Utilities Available 220 Volt

Building

Sewer Public

Water Public

New Construction No

Schools

School District Allentown

Others

Financing Cash,Conventional

Special Listing Condition Not Applicable

Listed by Keller Williams Northampton

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agent

Greg Dwornikowski

Agent | License ID: RS328262

+1(215) 534-7347

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521 West Walnut Street

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