Price
$ 194,500
165 W Gordon Street, Allentown, PA 18102  
  • 10 beds
  • 4 baths
  • 3,042 sqft

165 W Gordon Street, Allentown, PA 18102  

$29,100 INCOME, $22,966 NET PROFIT. 11.8% CAP RATE @ asking. Turnkey, cash flowing, all brick 4-unit 3000 sqft+ multi-family asset in Allentown. Stable tenants pay all separated utilities. Solid leases. Tenants have been leasing from 2 to almost 10 years. Immediate re-rent. Many improvements made including newer paint (exterior & interior), newer doors, newer plumbing fixtures, redone wiring, some new carpet & flooring, some new windows and kitchen cabinets and new hot water heaters. Current rental prices are below the market. Potential for more income. Solid all brick building structure in a prominent location. Features One (1) two bedroom and Three (3) spacious One Bedroom apartments with Modern Kitchens. Fenced backyard. Clear CO. Multiple churches, schooling institutions, retail shopping and convenience stores nearby. Owner loves this property and is sad to sell.

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  • Listing Type Multi-Family
  • Listing ID 574448
  • Bedrooms 10
  • Bathrooms 4
  • House Size 3,042
  • Lot Size 2,034.00 sqft
  • Listing Status Active
  • Year Built 1892
  • County Lehigh
  • Full Bath 4
  • Subdivision Not In Development
  • Floors 3.0
  • Units 4
  • County School District Allentown
  • Zoning B1/R
  • Taxes 3544.73
Listing courtesy of CENTURY 21 Keim

Sold Info

Date Sold for Change
12/29/2008 $154,900 +119.6%
05/14/2008 $70,550 -50.3%
06/08/2006 $142,000 +89.7%
11/08/2004 $74,848 -19.5%
05/02/2004 $93,000 N/A
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