101 N 8th St Allentown, PA 18101
Center City NeighborhoodEstimated payment $13,171/month
Highlights
- 0.11 Acre Lot
- Commercial or Retail Space
- Heating Available
About This Home
Seller financing available! Location - it doesn't get any better than this!! This investment opportunity consists of 11 fully renovated units (7) Residential Units and (4) Commercial Units. All units have been fully renovated including all the common areas and exterior. All units have electric heat and air conditioning and electric hot water - all units have separate utilities. Each of the 7 Residential Units have Electric Mini-Splits for heating and cooling, 2 Commercial units have Mini Splits, and 2 have Heat Pumps. All exterior and common areas are monitored by security cameras and internet is included w/ all of the tenants rent. Newly installed laundry room in basement features coin operated washer/dryers. Located in the NIZ Improvement Zone and Opportunity Zone and directly in the heart of over 1 Billion Dollars of development. Across the street from the new PPL Event Center, Da Vinci Science Center, Restaurants, Retail, Nightlife, and so much more. This property is a must see!
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $31,980
Year Built
- Built in 1900
Lot Details
- 4,704 Sq Ft Lot
- Lot Dimensions are 34 x 140
Parking
- Off-Site Parking
Home Design
- Commercial or Retail Space
- Brick Exterior Construction
Interior Spaces
- 7,335 Sq Ft Home
- 4-Story Property
Bedrooms and Bathrooms
- 7 Bedrooms
Utilities
- Cooling System Mounted In Outer Wall Opening
- Heating Available
Listing and Financial Details
- Assessor Parcel Number 640700471867001
Community Details
Overview
- 11 Units
Building Details
- Electric Expense $1,500
- Insurance Expense $5,128
- Maintenance Expense $3,850
- Trash Expense $2,905
- Water Sewer Expense $3,724
- Operating Expense $55,130
- Gross Income $201,000
- Net Operating Income $135,820
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/05/2025 02/05/25 | Price Changed | $1,895,000 | -4.8% | $258 / Sq Ft |
| 03/07/2024 03/07/24 | Price Changed | $1,990,000 | -5.2% | $271 / Sq Ft |
| 01/09/2024 01/09/24 | For Sale | $2,100,000 | -- | $286 / Sq Ft |
Source: Greater Lehigh Valley REALTORS®
MLS Number: 730450
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