1130 Linden Street

$525,000

1130 Linden Street, Allentown City, PA 18102

Sq.Ft.

4,650

Property Description

Please submit Highest and Best by 5pm 10/14/24. 4 Unit Investment Property ~ NOI - 56,760 ~ yields a healthy Cap Rate = 11.37 % ~ ( 124 K per unit price ) ~ Nice section ~ Solid rental history ~ 1130 W . Linden is an end of Row Townhome ~ Unit 1 on first floor , Unit 2 is the second floor - each consisting of 2 Bedrooms / 1 Bath ~ side yard leads in 2 Garage - Apartment combo units - 1127 & 1129 Edison street ~ 3 Br - 1 bath ~ Very healthy rents , most consisting of 5 % rent escalation after year one ~ Gross Rent = 69 ,012 Annual ~

Overview

Property Status

Sold

Lot Size

3,720 Sq.Ft.

MLS ID

746276

Property Type

Condo

Year Built

1895

Features & Amenities

Neighborhood

Allentown

Stories

2

Water Source

Public

Parking

Detached, Garage, On Street

Heat Type

Baseboard, Electric

Air Conditioning

None

Sewer

Public Sewer

School District

Allentown

Sales Price

$525,000

Real Estate Tax

$6,327/yr

Zoning

R-H-HIGH DENSITY RESIDENT

1130 Linden Street

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A two-story brick house with a balcony, columned entryway, covered porch, sidewalk, trees, and shrubs in the front yard.

Explore Allentown

Known as the 'Queen City ' ~ featuring the West End community , filled with stately homes built in the early to mid 1900' s . Architecturally appealing with brick homes , steep roof lines , stately front porches and keystones resembling the lore of the Georgian era . Home to a revitalized center city featuring the PPL Center , hosting the Phantoms minor league Hockey team and Coca - Cola Park , the Philadelphia Phillies affiliate team . Center city has the cool vibe with brewpubs , restaurants , and restored hotels , it's a quick jaunt to the Lehigh Valley Airport adding to the allure of this mid size city trending upwards .