Well maintained four (4) unit apartment building (fully occupied) located in Allentown's West End. Property is being sold "As Is". Gross annual income is $52,910. Two are first-floor units and two are 2nd-floor units. Each tenant has a covered parking pad for 1 vehicle at the rear of the property. Heat is forced hot air - gas. Central air in each unit. Heating units are under a service contract with UGI. Laundry located within each apartment. Second-floor units have a balcony with tile flooring and canvas awning. Landlord pays water, sewer, and trash. Tenants history ranges from 2 to 15 years of continuous occupancy at this location. One individual storage unit in the basement for each tenant. Easily increase rents to $1,250 each to raise the gross to $60,000 and supercharge Net Income to $42,500 equalling a 7% Projected CAP. Overall condition "Very Good"
Washer, Dryer, Microwave, Refrigerator, Oven/Range-Gas
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Listing information last updated on April 4th, 2020 at 7:15am EDT.