Property Listing No Longer Available for Sale

1412 W Hamilton St, Allentown, PA

Multi-family for Sale - $400,000 - 5,244 Sq. Ft. on 0.24 acres


Property Info

CIMLS#1036108
Location
  1412 W Hamilton St
  Allentown PA 18102
UpdatedMay 15th, 2019
TypeMulti-family
Price$400,000
Building5,244 Sq. Ft.
Land0.24 acres

Property Description

$63,000 GROSS, $44,168 NET, 11% CAP @ asking. Located .7 miles from the PPL Center in the heart of Allentown, the owner invested thousands to remodel & renovate this 87% occupied, cash-flowing, 4-unit mixed-use investment property with over 5200SF, fully rented detached 3-car garage & partially renovated 5th residential unit (easily approved through zoning). Refinished hardwood flooring, completely redone kitchen with cabinetry, all new SS appliances, remodeled bathrooms with tile, backsplash, custom vanity & new carpets. Unit 1= 3 BR & 2 FULL BA, Unit 2 a studio/1 BR, 1 BA apartment, Unit 3 has 2 BR & 1 FULL BA, Unit 4 = commercial space on ground floor, the spacious basement can be converted to 2BR/1BA with 10k investment. All background checks performed with tenants & rents are current while being on time.


Financials