Active
Available
22 South 13th Street
Allentown City PA, 18102
$395,000
$164.31 per sqft
Active
Available
5 Beds
5 Baths
2,404 sqft
Condos
Built in 1905
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.
748083
MLSⓇ ID
November 6, 2024
Listed
November 6, 2024
Updated
Map
22 South 13th Street
Allentown City PA, 18102
Interior Features
Bedrooms
5
Total Bathrooms
5
Full Bathrooms
5
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Sewer
Public Sewer
School Information
School District
Allentown
Other Property Details
Area Name
Allentown-Central
Taxes
$2,975
Tax Frequency
Annually
Garage
No
View
No
County
Lehigh
Water Source
Public
Pool
No
Zoning
resi-med
Courtesy of Steel City Realty with Jennifer L. DeJesus,
Listing Contact:
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Data last updated 11/6/2024