$675,000

542 W Walnut Street , Allentown City, PA 18101

 
Bedrooms:0 beds
Bathrooms:0 baths
Residential:4,541 sqft
Lot:0.1
Year Built:1895
Listing Status:Active

Listing Agent

Carrie C Ward
http://LehighValley.HowardHanna.com
Loan Amount:
Interest:
Term (Years):
Annual Tax:
Monthly Principal + Interest:$
Monthly tax: $
Total Payment:$

These amounts are estimates and do not take into consideration other expenses such as PMI, etc.. This is only an estimate.

Description

Welcome to this completely updated, solid brick, 5 unit investment property, with hardwood floors everywhere. Tenants enjoy gas heat and cooking at their expense and ceiling fans for cooling. This building is across from City Center's new Walnut Street Commons, which has an attached parking garage*. All apartments have been upgraded with new appliances (SS fridges and new stoves), counter tops, tile bathrooms, ceiling fans and window blinds and are easy to rent. The pride of ownership shows in the clean and well maintained exterior and interior common spaces. Durable carpeting and rubber tread-protectors on the stairs help preserve the original hardwood. Security cameras both inside and outside, plus good exterior lighting add to the attractiveness of this building for tenants. The side yard and rear yard are fenced and locked, and the large fire escape provide a safe exit for all units. Large clean basement runs the length of the building and has access through a rear door under the 1st floor rear unit. Priced at a 7.2% CAP rate using current rents, there is upside in the rents to bring them to market rate. Proof of funds required prior to scheduling a tour. Tour offering times are limited due to schedules. Please call listing agent to discuss. Please do not try to gain access to the building, the yard, or bother the tenants. *The parking deck allows public parking. Check with the Allentown Parking Authority for monthly pass availability.

Detailed Items

Other Information

542 W Walnut Street, Allentown City, PA, 18101 is a residential listing of 4,541 sqft on a lot of 0.1. This residential listing has 0 bedrooms, and 0 baths. The map for this location can be viewed on Google maps at Google maps to property542 W Walnut Street, Allentown City, PA
Copyright © 2025 Greater Lehigh Valley REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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