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- 259,000
- Allentown, PA
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- era.com
Apartment
Fully rented six unit , solid, brick and stone, turn of the century apartment house. Present owner has owned this building for over 30 years and says its time to sell. Great return on investment , netting over $24, 600 per year. All tenants have leases, some are long term tenants, most currently on month to month. All have security deposits on account. Each unit pays their separate electric; owner pays heat (oil hot water boiler, approx 12 years old), gas for cooking and gas hot water (supplied by one hot water heater to all units). Existing oil furnace can possibly be converted to gas, and has a coil to make it a summer/winter hookup. (would have to check with a hvac tech for possible conversion.) new sidewalks were installed years ago, and some new roofing installed summer of 2016 to front of building, turret, as well as a lot of wood repair and painting on turret and front facia, windows, etc. Bathrooms are old, but all functional, kitchens, semi modern.
US, Pennsylvania, Lehigh County, AllentownAllentown, PA at era.com 259,000