22 S 13th St - Apartments FOR SALE


Allentown, PA 18102
$395,000 USD
484-809-4971
22 S 13th St, Allentown, PA for Sale
$395,000 USD
Apartments - FOR SALE
1/72
null | Request Cap Rate

22 S 13th St
Allentown, PA 18102


OVERVIEW

Investment Opportunity: 5-Unit Property in Allentown with Income-Generating Potential! Unlock a unique investment in the heart of Allentown with this versatile 5-unit building designed to maximize rental income! This property includes one spacious apartment and four shared rooms, creating a perfect mix of traditional and co-living spaces. This setup caters to the growing demand for affordable, flexible housing options, ideal for students and young professionals seeking budget-friendly spaces. Diverse Income Streams: Maximize revenue with both private and co-living spaces, reducing vacancy risks and increasing occupancy. High Demand Rental Market: Allentown is growing, and there’s an increasing need for affordable housing options. Shared rooms appeal to young professionals and students looking for budget-friendly living, creating a consistent tenant pipeline. Efficient Management and Turnover: This property’s setup allows for efficient management and faster tenant turnover in shared rooms, making it easier to maintain high occupancy levels. Value-Add Potential: Minor upgrades could boost rents and enhance property value. Strong Market Fundamentals: Allentown’s job growth and revitalization create a high-demand rental market, perfect for a stable tenant base. This is an excellent opportunity to own an income-generating property that benefits from Allentown's rental demand trends and offers versatile leasing options for high returns.

FOR SALE DETAILS

PRICE

$395,000 USD

PRICE/SF

$164 USD /SF

# OF UNITS

5

PRICE/UNIT

$79,000

CAP RATE

Request Cap Rate

% LEASED

80%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

22 S 13th St - 1 Unit + 4 Shared Rooms

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1905

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,307 SF

ZONING

-

APN/PARCEL ID

549678784561-1

ASK ABOUT THIS PROPERTY

Jennifer de JesusSteel City RealtyMore Info
484-809-4971

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

Jennifer de JesusSteel City RealtyMore Info
484-809-4971

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