101 N 8th St - Apartments FOR SALE


Allentown, PA 18101
$1,990,000 USD
610-349-6644
101 N 8th St, Allentown, PA for Sale
$1,990,000 USD
Apartments - FOR SALE
1/22
null | 6.51% Cap Rate

101 N 8th St
Allentown, PA 18101


HIGHLIGHTS

  • 100% Renovated down to the stud including Utilities All Separate Electric Utilities
  • New Sewer Line 2020
  • Security Camera System and Wifi Included for all tenants
  • New Roof
  • Brand New Common Laundry 2 Sets Washer/Dryer
  • Located in the Heart of Allentown’s Redevelopment Efforts NIZ Improvement Zone

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,990,000 USD

PRICE/SF

$271 USD /SF

# OF UNITS

11

PRICE/UNIT

$180,909

CAP RATE

6.51%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

B-2

APN/PARCEL ID

640700471867-1

ASK ABOUT THIS PROPERTY

Andrew GinsburgBerkshire Hathaway HomeService Regency Real EstateMore Info
610-349-6644

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Andrew GinsburgBerkshire Hathaway HomeService Regency Real EstateMore Info
610-349-6644

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.