Listing Provided Courtesy ofEmerald Realty Group Tour
TO BE AUCTIONED! ~ VALUE ADD OPPORTUNITY ~ BRICK 6 UNIT APARTMENT BUILDING IN ALLENTOWN PENNSYLVANIA ~ 100% OCCUPIED ~.8 MILES TO PPL ARENA ~ PROPERTY CONSISTS OF TWO 4 BEDROOM ROW HOMES, ONE 2 BEDROOM UNIT, TWO 1 BEDROOM UNITS AND ONE STUDIO APARTMENT ~ TENANTS PAY FOR HEAT AND ELECTRICITY ~ BEING SOLD WITH A CLEAR CERTIFICATE OF OCCUPANCY. Property currently grosses $55k+ per year. Less expenses of 14k per year plus vacancy reserves, the NOI is 38k+ per year. With minimal investment on just 4 of the units, market rents could be adjusted 10k higher within the next 3 to 6 months. Property is being auctioned on Ten X Commercial. Auction starts on December 10th and and ends on December 12th. All financial and property information is available on Ten X Commercial. Open house is this Friday the 7th from 1 pm to 2 pm.
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Listing Courtesy ofEmerald Realty Group