24 S 8th Street, Allentown, PA 18101

24 S 8th St, Allentown PA

24 S 8th St, Allentown PA

24 S 8th Street, Allentown, PA

$1,200,000

HIGHLIGHTS

8,100 Sq.Ft. Living
Sold Status

TURN-KEY, CLASS A COMMERCIAL PROPERTY IN HEART OF ALLENTOWN BUSINESS DISTRICT.

8 unit building consists of 7 luxury apartment units and 1 commercial space with long term lease. Stunning NY Style apartments feature central a/c, washer/dryer, exposed brick walls, wood flooring, modern kitchen with stainless steel appliances, granite countertops, and high ceilings. Five 2-bedroom units, Two 1-bedroom units, and commercial space are fully occupied with year+ leases. The proximity to entertainment, public transportation, & other Downtown Businesses makes this location highly desirable for both investors and tenants.

Unit 1: 2br/1ba | $1,175 | Dishwasher, Oven/Range, Washer/Dryer, Microwave, Refrigerator

Unit 2: 1br/1ba | $1,075 | Dishwasher, Oven/Range, Washer/Dryer, Microwave, Refrigerator

Unit 3: 2br/1ba | $1,300 | Dishwasher, Oven/Range, Washer/Dryer, Microwave, Refrigerator

Unit 4: 2br/1ba | $1,313 | Dishwasher, Oven/Range, Washer/Dryer, Microwave, Refrigerator

Unit 5: 1br/1ba | $1,095 | Dishwasher, Oven/Range, Washer/Dryer, Microwave, Refrigerator

Unit 6: 2br/1ba | $1,200 | Dishwasher, Oven/Range, Washer/Dryer, Microwave, Refrigerator

Unit 7: 2br/1ba | $1,365 | Dishwasher, Oven/Range, Washer/Dryer, Microwave, Refrigerator

Unit 8: Commercial Space | $1,383

Gross Inc: $118,884

Net Inc: $92,478

Operate Exp: $26,406 - Includes Insurance, Taxes, and owner paid expenses

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FEATURES & AMENITIES

Area & Lot

Status Sold
Living Area8,100 Sq.Ft.
Total Area8,100 Sq.Ft.
TypeCommercial
neighborhoodAllentown

Financial

Sales Price$1,200,000
Real Estate Tax $19,623

High quality, low maintenance investment opportunity.

- Jennifer de Jesus

Allentown

Beautifully-preserved historic city with a thriving modern cultural life.

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