115 S 12Th Street, Allentown, PA
Great Investment Opportunity for this value add 8 unit building located in Allentown. 6 units occupied, 2 units vacant. Priced very well due to condition. Building needs 2 units rehabbed and likely a new roof. Tenants all have yearly leases with full security deposits. Tenants pay electric and gas for stoves. Landlord pays water, sewer, trash and gas heat. New high efficiency steam boiler installed 2018. All units are 3 bedrooms and could easily get $1,000 in rent per unit. Heat could be separated and the storage area could add more income with laundry or storage cages. There is a one car garage with this property.
Beautifully-preserved historic city with a thriving modern cultural life.