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334 Law Street, Allentown City, PA 18102
$540,000
334 Law Street, Allentown City, PA 18102View this property at 334 Law Street, Allentown City, PA 18102
334 Law StreetAllentown CityPA18102
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Property Description
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 9% 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 9% 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 thoroughfares, this property offers convenience & accessibility for tenants. From shopping & dining options to parks & entertainment, everything tenants need is within reach. Don't miss out on this exceptional investment opportunity in a thriving rental market!
Full Property Details
Full Property Details for 334 Law St
General
- Price: $540,000
- Taxes: $4,353
- Status: Active
- Type: Apartment
- MLS ID: 737521
- Updated: 5/11/2024
- Added to Site: 15 day(s) ago
Interior
- Appliances: Oven/Range Electric, Refrigerator
- Flooring: Laminate/Resilient, Tile
Rooms
Bathrooms
- Total Bathrooms: 6
- Full Bathrooms: 6
Bedrooms
- Total Bedrooms: 10
Exterior
- Exterior Features: Deck
Parking
- Garage Description: Off & On Street, Parking Pad
Location
- Area: Allentown-Central
- County: Lehigh
- Subdivision: Not in Development
Community
- Home Owners Assn.: Lehigh Valley MLS
Heating & Cooling
- Cooling Type: None
- Heating Type: Electric
Utilities
- Sewer: Public
- Water: Public
Structural Information
- Architectural Style: Colonial
- Construction: Brick, Vinyl
- Basement Desc.: Lower Level
- 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
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Schools
Schools serving 334 Law St
School District:Allentown School District
Rating | Name | Grades | Distance |
---|---|---|---|
829 W Turner St, Allentown, PA 18102 | 1-5 | 0.4 mi | |
Lincoln Early Childood Center
517 N 15th St, Allentown, PA 18102 | PK-PK | 1.1 mi | |
102 S Saint Cloud St, Allentown, PA 18104 | 6-8 | 1.5 mi | |
106 N 17th St, Allentown, PA 18104 | 9-12 | 1.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes 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
5/08/2024
Listed
$540,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Estimate the Cost for 334 Law St
334 Law Street, Allentown City, PA 18102 (MLS# 737521) is a Apartment property with 10 bedrooms and 6 full bathrooms. 334 Law Street is currently listed for $540,000 and was received on May 08, 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.