224 E South Street, Allentown, PA
Gross income $14460 yr, Net income $10863 Yr = 11.4% Cap. Will increase to 12.1% Cap on 6/1/19 at lease renewal. Large 3 bedroom, 2 full bathroom home for sale with a finished basement, large garage. Tenants pay all utilities including, water, sewer, electric and oil. Appliances included such as Refrigerator, Stove, Oven, Washer and Dryer. The home has a fenced in yard, newer roof 2007, newer windows and the furnace is very well maintained. Every bedroom is private. The home is in great condition. Rent is $1205 right now and will increase to $1265 on 6/1/19 with a renewed lease for 1 year. LONG TERM Tenants have been living in the home since 2017 and intend to stay since they love the home and the way it is being maintained by the current management company.
Beautifully-preserved historic city with a thriving modern cultural life.