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Portfolio-6 Bldg-37 Units, ALLENTOWN, PA

$2,299,999 - 290 DOM

CONFIDENTIAL LISTING: Pride of ownership is readily apparent in both the physical appearance and the financial details for this six property portfolio. All 37 units (consisting of 9 apartments and 28 furnished rooms) have been continuously rented at near 0% vacancy for years. This is a turn-key opportunity for any investor as there is no deferred maintenance on six properties located in the high-demand area of downtown Allentown. Rents are still slightly below market and all properties and units will have up-to-date and clear Allentown Certificate of Occupancy Permits prior to sale. All six properties are within 1 mile of each other in center city Allentown surrounding the designated Neighborhood Improvement Zone. Please register via the Covenant of Confidentiality. Guided group tour led by the owner is scheduled for Saturday, February 2 at 11:00 a.m. Please submit offers by Wednesday, February 6th at 5:00 p.m. EST.

Essential Information

For Portfolio-6 Bldg-37 Units, ALLENTOWN, PA
  • MLS® # PALH109164
  • Price $2,299,999
  • Bathrooms 0.00
  • Acres 0.00
  • Year Built 1900
  • Type Commercial Sale
  • Sub-Type Five Or More Units
  • Status Pending

Community Information

For Portfolio-6 Bldg-37 Units, ALLENTOWN, PA
  • Address Portfolio-6 Bldg-37 Units
  • Area Allentown City (12302)
  • Subdivision OLD ALLENTOWN
  • City ALLENTOWN
  • County LEHIGH-PA
  • State PA
  • Zip Code 18102

Interior

For Portfolio-6 Bldg-37 Units, ALLENTOWN, PA
  • Heating Forced Air
  • Cooling Window Unit(s)

Exterior

For Portfolio-6 Bldg-37 Units, ALLENTOWN, PA
  • Exterior Brick and Siding

School Information

For Portfolio-6 Bldg-37 Units, ALLENTOWN, PA
  • District ALLENTOWN

Additional Information

For Portfolio-6 Bldg-37 Units, ALLENTOWN, PA
  • Date Listed January 31st, 2019
  • Days on Market 290
  • Zoning RH AND RM

Listing Details

For Portfolio-6 Bldg-37 Units, ALLENTOWN, PA
  • Office Howard Hanna The Frederick Grp

Price Change History for Portfolio-6 Bldg-37 Units, ALLENTOWN, PA (MLS® #PALH109164)

Date Details Change
Status Changed from Active to Pending
Price Reduced from $2,499,999 to $2,299,999 $200,000 (8.00%)

The listing content relating to real estate for sale on this web site is courtesy of MRIS. Listing information comes from various brokers who participate in the MRIS IDX.Properties listed with brokerage firms other than Compass are marked with the MRIS Logo and detailed information about them includes the name of the listing brokers.The properties displayed may not be all the properties available. All information provided is deemed reliable but is not guaranteed and should be independently verified.All listing information copyright MRIS 2019.

Listing information last updated on November 17th, 2019 at 1:03am EST.