Portfolio-6 Bldg-37 Units, ALLENTOWN Property Listing: MLS® #PALH109164

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.

Portfolio-6 Bldg-37 Units, ALLENTOWN Property Listing: MLS® #PALH109164 Close
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  • Price$2,299,999
  • Built1900

Portfolio-6 Bldg-37 Units, ALLENTOWN

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

  • MLS® #PALH109164
  • Price$2,299,999
  • Bathrooms0.00
  • Acres0.00
  • Year Built1900
  • TypeCommercial Sale
  • Sub-TypeFive Or More Units
  • StatusActive

Interior

  • HeatingForced Air
  • CoolingWindow Unit(s)

School Information

  • DistrictALLENTOWN

Listing Details

  • Listing OfficeHoward Hanna The Frederick Grp

Community Information

  • AddressPortfolio-6 Bldg-37 Units
  • AreaAllentown City (12302)
  • SubdivisionOLD ALLENTOWN
  • CityALLENTOWN
  • CountyLEHIGH-PA
  • StatePA
  • Zip Code18102

Exterior

  • ExteriorBrick and Siding

Additional Information

  • Date ListedJanuary 31st, 2019
  • Days on Market138
  • ZoningRH AND RM

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

Date Details Price Change
Price Reduced (from $2,499,999) $2,299,999 $200,000 (8.00%)
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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 Long & Foster Real Estate, Inc. 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 June 17th, 2019 at 8:45am EDT.