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Property Description
***Highest & Best due Tuesday (6/11) by 6pm*** Welcome to your next lucrative investment in the heart of a thriving rental market! This renovated 4-unit bldg offers an exceptional opportunity for any buyer. This property promises excellent rental income potential with a current annual income of $57,600, boasting a solid 10.25% cap rate: (2) 1BR/1BA apts at $900/mth & (2) 4BR/2BA apts at $1500/mth. Along with new siding & roof, all of the 4 units have been renovated: updated kitchens/bathrooms, flooring, new HW tanks + clear City CO. Located in a sought-after rental market area, this property benefits from high demand for quality housing. With a strong tenant pool & consistent rental history, you can expect minimal vacancies & reliable income streams. Whether you're an experienced investor or a first-time buyer, this turnkey property offers a hassle-free investment opportunity. With renovations already completed & tenants in place, you can start generating income from day one. Generating an impressive $57,600 in annual income at a 10.25% cap rate, this property offers a solid return on investment. With potential for future rent increases & appreciation you can capitalize on the steady growth of the local rental market. Close to amenities, public transportation & major roads, this property offers convenience & accessibility for tenants. From shopping & dining options to parks & entertainment, everything tenants need is within reach.
Full Property Details
Full Property Details for 334 Law St
General
- Sold For: $470,000
- Taxes: $4,353
- Status: Closed
- Type: Apartment
- Source: Lehigh_Valley
- MLS ID: 739226
- Added to Site: 667 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 6
- Full Bathrooms: 6
Bedrooms
- Total Bedrooms: 10
Location
- Area: Allentown-Central
- County: Lehigh
- Subdivision: Not in Development
Community
- Home Owners Assn.: Lehigh Valley MLS
Heating & Cooling
- Cooling Type: No Air
Utilities
- Sewer: Public
- Water: Public
Structural Information
- Construction: Brick, Vinyl
- Square Feet: 3,528
- Year Built: 1915
Lot Features
- Lot Size (Acres): 0.048
- Lot Size (Sq. Ft.): 2,091
- Lot Size Source: Tax Records
- Zoning: R-MH-MEDIUM HIGH DENSITY RESIDENTIAL
Financial Considerations
- Tax Amount: $4,353.78
Disclosures and Reports
- Special Conditions: Not Applicable
Listed by IronValley RE of Lehigh Valley
Sold by Keller Williams Real Estate
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Schools
Schools serving 334 Law St
School District:Allentown City School District
| Name | Grades | Distance |
|---|---|---|
Central El School, Allentown, PA 829 West Turner Street, Allentown, PA 18102 | 1-5 | 0.3 mi |
Francis D Raub Middle School 102 South Saint Cloud Street, Allentown, PA 18104 | 6-8 | 1.5 mi |
William Allen High School 106 N 17th St, Allentown, PA 18104 | 9-12 | 1.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 334 Law St
Date
Details
Price
Change
Source
7/18/2024
Sold
$470,000
-1.88%
MLS
6/06/2024
Listed
$479,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
334 Law Street, Allentown City, PA 18102 (MLS# 739226) is a Apartment property that was sold at $470,000 on July 18, 2024. Want to learn more about 334 Law Street? Do you have questions about finding other Apartment real estate for sale in Allentown City? You can browse all Allentown City real estate or contact a Coldwell Banker agent to request more information.

