24-Residential Unit for Sale
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24-Residential Unit for Sale
2 Properties Offered at £6,259,600 in Allentown, PA
Investment Highlights
- 0.5 acre redevelopment site for sale
- Opportunity Zone which qualifies for special loans and financing
Executive Summary
Join the downtown redevelopment revolution.
Approximately .5 acre redevelopment site for sale. Additional lots can purchased for a total of .75 acres. Proposed 10 story parking deck going up next door. Developer could potentially partner with Allentown Parking Authority and lease decks for parking. Property is in the Opportunity Zone which qualifies for special loans and financing. Over 250 new upscale apartments finished 1/2 block away. Property currently generates income from 24 units of approximately $255,000. Property will generate over $335,000 proforma. Please call agent/owner for details and more information. Seller is a PA Realtor.
Approximately .5 acre redevelopment site for sale. Additional lots can purchased for a total of .75 acres. Proposed 10 story parking deck going up next door. Developer could potentially partner with Allentown Parking Authority and lease decks for parking. Property is in the Opportunity Zone which qualifies for special loans and financing. Over 250 new upscale apartments finished 1/2 block away. Property currently generates income from 24 units of approximately $255,000. Property will generate over $335,000 proforma. Please call agent/owner for details and more information. Seller is a PA Realtor.
Taxes & Operating Expenses (Actual - 2024) |
Annual |
|---|---|
| Gross Rental Income |
-
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
-
|
| Net Operating Income |
£199,525
|
Taxes & Operating Expenses (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Net Operating Income | |
|---|---|
| Annual | £199,525 |
Property Facts
| Price | £6,259,600 | Number of Properties | 2 |
| Price / SF | £447.11 / SF | Individually For Sale | 0 |
| Sale Conditions | Development Sale | Total Building Size | 14,000 SF |
| Sale Type | Investment or Owner User | Total Land Area | 0.61 AC |
| Status | Active |
| Price | £6,259,600 |
| Price / SF | £447.11 / SF |
| Sale Conditions | Development Sale |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 14,000 SF |
| Total Land Area | 0.61 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 130-136 S 7th St, Allentown, PA 18101 | Residential | 14,000 SF | 1880 | - |
| 130 S 7th St, Allentown, PA 18101 | Land | 0.50 AC | - | - |
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24-Residential Unit for Sale
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