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614 8th Street, Allentown City, PA 18102
$295,000
614 8th Street, Allentown City, PA 18102View this property at 614 8th Street, Allentown City, PA 18102
614 8th StreetAllentown CityPA18102
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Property Description
*Investment Opportunity* Welcome to this lucrative investment opportunity nestled in a prime rental location. This 2-unit property promises not only substantial strong rental income but also desirable amenities, making it an ideal addition to any investor's portfolio. Currently housing a tenant occupied 2-bedroom/1-bath 1st Fl unit with 2 off-street parking spots plus access to the basement for laundry that's rented at $1,250. The vacant spacious renovated 3-bedroom/2-full baths 2nd Fl unit consists of a modern kitchen with newer appliances plus a laundry area that can be easily rented for $1,850. It offers a total net income of $32,585 resulting in an impressive 11% cap rate! Located in a high-demand rental area, this property minimizes the risk of prolonged vacancies contributing to sustained profitability. You also have the flexibility to owner-occupy one unit & keep one unit rented. Seize this opportunity to acquire a lucrative investment property with substantial income potential. Whether you're a seasoned investor or exploring your first venture, this property promises attractive returns & enduring value. Schedule a viewing today & unlock the possibilities of real estate investment success! The seller will provide a clear certificate of occupancy from the City of Allentown.
Full Property Details
Full Property Details for 614 8th St
General
- Sold For: $295,000
- Taxes: $2,540
- Status: Closed
- Type: Townhouse
- MLS ID: 734797
- Added to Site: 75 day(s) ago
Interior
- Appliances: Clothes Washer, Double Oven, Laundry Hookup, Oven Electric, Oven/Range Electric, Refrigerator, Washer/Dryer
- Flooring: Laminate/Resilient, LVP/LVT Luxury Vinyl Plank, Tile, Wall-to-Wall Carpet
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 5
Parking
- Garage Description: Off & On Street
Location
- Area: Allentown-Central
- County: Lehigh
- Subdivision: Not in Development
Community
- Home Owners Assn.: Lehigh Valley MLS
Heating & Cooling
- Cooling Type: None
- Heating Type: Baseboard, Electric
Utilities
- Sewer: Public
- Water: Public
Structural Information
- Construction: Vinyl
- Basement Desc.: Full, Lower Level
- Square Feet: 2,316
- Year Built: 1900
Lot Features
- Lot Size (Acres): 0.046
- Lot Size (Sq. Ft.): 2,012
- Lot Size Source: Tax Records
- Zoning: R-MH-MEDIUM HIGH DENSITY RESIDENTIAL
Financial Considerations
- Tax Amount: $2,540.64
Disclosures and Reports
- Special Conditions: Not Applicable
Listed by IronValley RE of Lehigh Valley
Sold by Coldwell Banker Hearthside
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Schools
Schools serving 614 8th St
School District:Allentown School District
Rating | Name | Grades | Distance |
---|---|---|---|
1430 W Allen St, Allentown, PA 18102 | PK-5 | 0.7 mi | |
851 N 15th St, Allentown, PA 18102 | 6-8 | 0.8 mi | |
106 N 17th St, Allentown, PA 18104 | 9-12 | 1.2 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 614 8th St
Date
Details
Price
Change
Source
5/10/2024
Sold
$295,000
—
MLS
3/21/2024
Listed
$295,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
614 8th Street, Allentown City, PA 18102 (MLS# 734797) is a Townhouse property that was sold at $295,000 on May 10, 2024. Want to learn more about 614 8th Street? Do you have questions about finding other Townhouse 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.