$950,000
$950,000
For more information regarding the value of a property, please contact us for a free consultation.
148 S 7Th ST Allentown City, PA 18101
6,102 SqFt
Key Details
Sold Price $950,000
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 6,102 sqft
Price per Sqft $155
Subdivision Not In Development
MLS Listing ID 718619
Sold Date 04/10/24
Construction Status Unknown
HOA Y/N No
Year Built 1960
Lot Size 7,100 Sqft
Acres 0.163
Property Sub-Type Mixed Use
Property Description
Investment Opportunity available for sale in Downtown Allentown. This mixed-use four (4) unit property is +/- 6,102 SF that features a ground-level retail space of +/- 3,450 SF; three (3) two-bedroom (1) bedroom residential apartments that are ready to be leased for $1,850 to $2,000 per month based on area comps. The building was completely renovated throughout, with all the residential units comprised of breathtaking views through the newly replaced bay windows. All the units are separately metered and offer min-split air units along with washer and dryer hookups.
The retail space is zoned B-2, which allows use for an Art gallery, Restaurant, Trade School, And a wide variety of Personal Services. The building is located one block from major Development such as (NIZ) Neighborhood Improvement Zone. The NIZ is a State Tax district created in 2011 that is being utilized to encourage development and revitalization in the center city of Allentown.
Location
State PA
County Lehigh
Area Allentown-Central
Direction From the Lehigh Valley Mall, Turn Left onto Macarthur Road (Burger king on the corner) continue straight on S 7th Street and arrive at your destination.
Interior
Heating Electric, Forced Air
Cooling Central Air
Fireplace No
Exterior
Parking Features Paved, Parking Lot
Water Access Desc Public
Total Parking Spaces 10
Building
Sewer Public Sewer
Water Public
Construction Status Unknown
Schools
School District Allentown
Others
Tax ID 640619345197001
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Financing Conventional
Special Listing Condition None
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!

Our team is ready to help you sell your home for the highest possible price ASAP
Bought with KW Philly