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    702 Saint John Street

    ALLENTOWN, PA 18103
    • $660,000
    • STATUS: Active Under Contract
    • ON SITE: 112 days
    • ID#: PALH116080
    Under Contract
    UPDATED: 5 min ago
    $660,000
    • 0
      BEDS
    • 0.08
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1928
    County:

    School Ratings & Info

    School District:

    Description

    Great Cash Flow on this 7-unit in South Allentown - plenty of value add! Fully occupied with decent paying tenants. Landlord pays water, sewer, trash, heat and common electric. Tenants pay electric for their unit. Coin operated laundry and storage rooms for tenants provide the opportunity for additional income. All leases are yearly leases with 5% increases built in. All units have full deposits. 5- 2 bedrooms & 2- 1 Bedrooms. Don't wait too long to add this one to your portfolio! Seller will provide CLEAR CO.

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    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty, LLC. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-06-14T20:52:03.33.
    www.searchmontgomerybuckshomes.com/homes/114397672
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    702 Saint John Street ALLENTOWN, PA 18103

    • Price: $660,000
    • Status: Active Under Contract
    • Updated: 5 min ago
    • ID#: PALH116080
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.08
    Acres
    1928
    Built
    Neighborhood:
    Allentown City (12302)
    County:
    Lehigh
    Area:
    Allentown City (12302)
    School District:
    Allentown
    Property Description
    Great Cash Flow on this 7-unit in South Allentown - plenty of value add! Fully occupied with decent paying tenants. Landlord pays water, sewer, trash, heat and common electric. Tenants pay electric for their unit. Coin operated laundry and storage rooms for tenants provide the opportunity for additional income. All leases are yearly leases with 5% increases built in. All units have full deposits. 5- 2 bedrooms & 2- 1 Bedrooms. Don't wait too long to add this one to your portfolio! Seller will provide CLEAR CO.
    Exterior Features

    Construction Materials Brick Garage YN No Parking Features Public Parking Types On Street Property Condition Very Good Riparian Rights YN No Roof Flat Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Building Area Total 7524.00 Cooling None Flooring HardwoodCarpetVinyl Heating Radiator Heating YN Yes Net Square Feet 7524.00

    Property Features

    Acceptable Financing CashConventional Accessibility Features None Annual Gross Expense 22824.00 Assessment Year 2021 Association YN No Business Type Apartment Building Central Air YN No Cooling Fuel None Electric 100 Amp Service Electric Average Monthly 76 Electric Expense 907.00 Electric Last12 Months 912.00 Elevators 0 Entry Level 1 Gross Income 78900.00 Heating Fuel Natural Gas Historic YN No Hot Water Electric Insurance Expense 1955.00 Internet Services DslCableFiber Optic Lease Considered YN No Municipality Allentown City Navigable Water YN N Net Operating Income 56076.00 New Construction YN No Number Of Units Total 7 Operating Expense 22824.00 Operating Expense Includes WaterSewerTrashElectricHeating/CoolingInsuranceOtherSnow RemovalLandscaping Original MLSNumber 304488575062 Other Expense 1121.00 Owner Pays WaterSewerTrash CollectionHeatElectricity Ownership Interest Fee Simple Possession ImmediateSettlement Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 8961.00 Tax Assessment Amount 297400.00 Tax Lot 016 Total Actual Rent 78900.00 Transportation Airport Less Than 10 MilesBus Stop Less Than 1 Mile Trash Expense 2625.00 Utilities Water AvailableSewer AvailablePhoneNatural Gas Available Vacation Rental YN No Water Source Public Zoning R-Mh Zoning Description R-Mh-Medium High Density Residential

    Listing courtesy of Steel City Realty.


    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty, LLC. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-06-14T20:52:03.33.
     
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    eXp Realty, LLC
    1848 N Hancock Street Fl #C
    Philadelphia PA, 19122