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814-820 N Saint Lucas St, ALLENTOWN, PA

$599,000 - 5,508 Sqft - .22 Acres - 88 DOM

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"

Essential Information

For 814-820 N Saint Lucas St, ALLENTOWN, PA
  • MLS® # PALH113220
  • Price $599,000
  • Bathrooms 0.00
  • Square Footage 5,508
  • Acres 0.22
  • Year Built 1961
  • Type Multi-Family
  • Sub-Type Detached, Quad
  • Style Colonial
  • Status Active

Community Information

For 814-820 N Saint Lucas St, ALLENTOWN, PA
  • Address 814-820 N Saint Lucas St
  • Area Allentown City (12302)
  • City ALLENTOWN
  • County LEHIGH-PA
  • State PA
  • Zip Code 18104

Interior

For 814-820 N Saint Lucas St, ALLENTOWN, PA
  • Heating Forced Air
  • Cooling Central A/C
  • Has Basement Yes
  • Basement Full
  • # of Stories 2

Appliances

For 814-820 N Saint Lucas St, ALLENTOWN, PA

Washer, Dryer, Microwave, Refrigerator, Oven/Range-Gas

Exterior

For 814-820 N Saint Lucas St, ALLENTOWN, PA
  • Exterior Brick and Siding

School Information

For 814-820 N Saint Lucas St, ALLENTOWN, PA
  • District ALLENTOWN

Additional Information

For 814-820 N Saint Lucas St, ALLENTOWN, PA
  • Date Listed January 8th, 2020
  • Days on Market 88
  • Zoning R-L

Listing Details

For 814-820 N Saint Lucas St, ALLENTOWN, PA
  • Office C-21 Keim Realtors

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 2020.

Listing information last updated on April 4th, 2020 at 7:15am EDT.