22 South 13th Street Allentown City, PA 18102
Listing Courtesy of: LEHIGH VALLEY ASSOCIATION OF REALTORS / Steel City Realty

  22 South 13th Street Allentown City, PA 18102

Active
$395,000
5
BED
5
BATH
2,404
SQFT

Description

Investment Opportunity: 5-Unit Property in Allentown with Income-Generating Potential!

Unlock a unique investment in the heart of Allentown with this versatile 5-unit building designed to maximize rental income! This property includes one spacious apartment and four shared rooms, creating a perfect mix of traditional and co-living spaces. This setup caters to the growing demand for affordable, flexible housing options, ideal for students and young professionals seeking budget-friendly spaces.

Diverse Income Streams: Maximize revenue with both private and co-living spaces, reducing vacancy risks and increasing occupancy.

High Demand Rental Market: Allentown is growing, and there’s an increasing need for affordable housing options. Shared rooms appeal to young professionals and students looking for budget-friendly living, creating a consistent tenant pipeline.

Efficient Management and Turnover: This property’s setup allows for efficient management and faster tenant turnover in shared rooms, making it easier to maintain high occupancy levels.

Value-Add Potential: Minor upgrades could boost rents and enhance property value.

Strong Market Fundamentals: Allentown’s job growth and revitalization create a high-demand rental market, perfect for a stable tenant base.

This is an excellent opportunity to own an income-generating property that benefits from Allentown's rental demand trends and offers versatile leasing options for high returns.

MLS #:
748083
Type
Multifamily
Year Built
1905
School District
Allentown
County
Lehigh County

Listed By

Jennifer L. Dejesus, Steel City Realty
Source
LEHIGH VALLEY ASSOCIATION OF REALTORS
Last checked Nov 7 2024 at 2:47 AM GMT+0000
Bathroom Details
  • Full Bathrooms: 5
Subdivision
  • Not In Development
Heating and Cooling
  • 0
  • No Air
Utility Information
  • Sewer: Public
Living Area
  • 2,404 sqft
Location
   
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

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