Language and Region
Currency

This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.

Email*

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Send me a copy

966 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

101 N 8th St

11 Unit Block of Flats £1,570,110 (£142,737/Unit) 6.51% Net Initial Yield Allentown, PA 18101

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

Investment Highlights

100% Renovated down to the stud including Utilities All Separate Electric Utilities
Security Camera System and Wifi Included for all tenants
Brand New Common Laundry 2 Sets Washer/Dryer

New Sewer Line 2020
New Roof
Located in the Heart of Allentown’s Redevelopment Efforts NIZ Improvement Zone

Executive Summary

Seller Financing Options Available! This investment opportunity consists of 11 Units - (6) Studio Apartments (1) 1 Bedroom 1 Bath Apartments and (4) Commercial Storefronts. The entire building has been renovated including all the common areas. All residential units have electric mini-splits for heating and air conditioning and hot water and electric ranges. 2 commercial units have mini-splits and 2 have individual heat pumps with exposed spiral ductwork in unit - all units have separate utilities. The property has frontage facing both Linden Street and 8th Street which are main thoroughfares into and out of downtown Allentown. Located on same block of the epicenter of new downtown development . This property is located in both an Opportunity Zone and NIZ (Neighborhood Improvement Zone) which includes over 1 Billion Dollars of development - the PPL Event Center, Restaurants, Hotel, Retail, Nightlife, and so much more. 101 N. 8th Street is an excellent long term yield play in the most up and coming area in Allentown.

Financial Summary (Pro forma - 2022) Click Here to Access	Annual	Annual Per SF
Gross Rental Income	$99,999	$9.99
Other Income	$99,999	$9.99
Vacancy Loss	$99,999	$9.99
Effective Gross Income	$99,999	$9.99
Taxes	-	-
Operating Expenses	-	-
Total Expenses	$99,999	$9.99
Net Operating Income	$99,999	$9.99

Financial Summary (Pro forma - 2022) Click Here to Access

Gross Rental Income
Annual	$99,999
Annual Per SF	$9.99

Other Income
Annual	$99,999
Annual Per SF	$9.99

Vacancy Loss
Annual	$99,999
Annual Per SF	$9.99

Effective Gross Income
Annual	$99,999
Annual Per SF	$9.99

Taxes
Annual	-
Annual Per SF	-

Operating Expenses
Annual	-
Annual Per SF	-

Total Expenses
Annual	$99,999
Annual Per SF	$9.99

Net Operating Income
Annual	$99,999
Annual Per SF	$9.99

Property Facts

Price	£1,570,110	Apartment Style	Low Rise
Price Per Unit	£142,737	Building Class	C
Sale Type	Investment	Lot Size	0.11 AC
Net Initial Yield	6.51%	Building Size	7,335 SF
No. Units	11	Number of Floors	3
Property Type	Residential	Year Built/Renovated	1900/2019
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	£1,570,110
Price Per Unit	£142,737
Sale Type	Investment
Net Initial Yield	6.51%
No. Units	11
Property Type	Residential
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Lot Size	0.11 AC
Building Size	7,335 SF
Number of Floors	3
Year Built/Renovated	1900/2019
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.