Turnkey Investment Opportunity in Allentown's Historic Old Fairgrounds District! This fully occupied, income-producing brick 3 unit offers a strong return and hassle-free ownership in the heart of Allentown. With three well-maintained 1-bedroom units, this property generates $34,620 in gross annual income. Tenants enjoy the convenience of public water/sewer, and the property benefits from efficient gas and electric utilities with RUBS implemented to help manage costs. Key features include: - Solid brick construction and classic 1900 charm - Separate electric meters - Current leases in place through early 2026 - Zoned R-MH in a desirable residential area near transit, dining, and more - Off-street garage included for unit 1 Whether you're a seasoned investor or just getting started, this is a rare chance to acquire a stabilized asset in a growing rental market. Low property taxes and strong tenant history make this a must-see. Schedule your private showing today-48 hours' notice preferred.
Date | Event | Price | $/Sqft | Source |
---|---|---|---|---|
Listed For Sale | $345,000 | $161 | CENTURY 21 Pinnacle |
Elementary School Cleveland Elementary School | 0.5 miles away | 01 - 05 | |
Elementary School Washington Elementary School | 0.4 miles away | 01 - 05 | |
Elementary School Central Elementary School | 0.6 miles away | 01 - 05 |