33
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$315,000
Est. payment /mo
New
420 North 4Th Street Allentown City, PA 18102
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Key Details
Property Type Condo, Commercial, Townhouse
Sub Type Apartment Style,Converted,Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 1,957 sqft
Price per Sqft $160
Subdivision Not In Development
MLS Listing ID 753876
Bedrooms 3
Full Baths 3
Year Built 1890
Annual Tax Amount $2,124
Lot Size 2,226 Sqft
Property Sub-Type Apartment Style,Converted,Row/Townhouse
Property Description
Multifamily Investment – 420 N. 4th St, Allentown, PA
Seize the opportunity to own 420 N. 4th St, a fully occupied three-unit multifamily property offering strong cash flow and growth potential in the heart of Allentown. With a high 9.07% cap rate, low operating expenses, and rents near market rates, this property is a prime investment for long-term returns.
Financial Highlights:
• Price: $315,000 ($105,000 per unit)
• Current NOI: $28,574 | Pro Forma NOI: $29,568
• Current Cap Rate: 9.07% | Pro Forma Cap Rate: 9.39%
• 100% occupancy with stable long-term tenants
• Cash-on-Cash Return: 11.73% (current) | 12.99% (pro forma)
Property Features:
• 3 units: All one-bedroom, one-bath apartments
• Newer roof (4 years old)
• Public utilities & tenant-paid expenses, maximizing investor returns
• RUBS system in place, offsetting natural gas utility costs
Investment Potential:
• Market rents suggest additional income growth
• Low operating expenses, maximizing net returns
• Situated in a growing rental market with a projected 4.95% population growth within 1 mile
This turnkey, high-yield asset is an excellent addition to any investment portfolio. Schedule your private showing today!
Seize the opportunity to own 420 N. 4th St, a fully occupied three-unit multifamily property offering strong cash flow and growth potential in the heart of Allentown. With a high 9.07% cap rate, low operating expenses, and rents near market rates, this property is a prime investment for long-term returns.
Financial Highlights:
• Price: $315,000 ($105,000 per unit)
• Current NOI: $28,574 | Pro Forma NOI: $29,568
• Current Cap Rate: 9.07% | Pro Forma Cap Rate: 9.39%
• 100% occupancy with stable long-term tenants
• Cash-on-Cash Return: 11.73% (current) | 12.99% (pro forma)
Property Features:
• 3 units: All one-bedroom, one-bath apartments
• Newer roof (4 years old)
• Public utilities & tenant-paid expenses, maximizing investor returns
• RUBS system in place, offsetting natural gas utility costs
Investment Potential:
• Market rents suggest additional income growth
• Low operating expenses, maximizing net returns
• Situated in a growing rental market with a projected 4.95% population growth within 1 mile
This turnkey, high-yield asset is an excellent addition to any investment portfolio. Schedule your private showing today!
Location
State PA
County Lehigh
Area Allentown-Central
Interior
Cooling No Air
Exterior
Garage Spaces 2.0
Building
Story 3.0
Sewer Public
Water Public
New Construction No
Schools
School District Allentown
Others
Financing Cash,Conventional
Special Listing Condition Not Applicable
Listed by CENTURY 21 Pinnacle
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