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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