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Property Description

6-Unit Investment Property 13 Bedrooms 85K Gross Annual Income Turnkey 6-unit multifamily asset in East Allentown offering over 5,200 square feet of income-producing real estate. Built in 1910 and situated on a 0.138-acre lot, this fully leased brick property features 13 total bedrooms across six spacious units — a mix of 2- and 3-bedroom layouts — with leases in place and some units on month-to-month for added flexibility. Tenants cover gas heat via RUBS (Ratio Utility Billing System), and five of six units also pay water/sewer, keeping operating expenses lean. Property generates a gross annual income of 85,448 with net income of 60,552 and low owner-paid utilities (only one unit not on RUBS). Recent annual expenses total approx. 22,372, including taxes, management, and maintenance. Investment Highlights: • Gross Scheduled Income: 85,448 • Net Operating Income (NOI): 60,552 • 6 Units / 13 Bedrooms • Off-Street Parking for 8 Vehicles • Fully Occupied with Reliable Rental History • RUBS Utility Billing Brick Construction Stable Cash Flow Perfect for investors seeking immediate returns and long-term equity growth in the heart of Allentown. Showings by appointment only due to tenant occupancy. Current property management company is offering a discount if new buyer stays in management.

AllentownPennsylvania
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USA
PA
Allentown
18109-2545
18109-2545
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266 E. Walnut St.

Allentown, Pennsylvania, 18109-2545, United States

13 Bedrooms
6 Bathrooms
6,011 Sqft
$795,000
Listing ID #1923224
Basic Details
Property Type : Residential
Listing Type : For Sale
Listing ID : 1923224
Ref ID : Y99NBQ
Price : $795,000
Bedrooms : 13
Bathrooms : 6
Lot Area : 6,011 Sqft
MLS : 759320
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CENTURY 21
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