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:  

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange of the Lehigh Valley Association of REALTORS®, Inc. Real Estate listings held by brokerage firms other than Adrienne Ward are marked with the IDX logo and detailed information about them includes the name of the listing brokers.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

© 2024 Lehigh Valley Association of REALTORS®, Inc. All rights reserved.

Data last updated 11/6/2024

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