2227 Albright Ave, Allentown, PA, 18104 - Available for Sale

Multifamily For Sale

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Mixed Use Building, 5 Units

2227 Albright Ave, Allentown, PA 18104

$425,000

5 Units | Multifamily

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Multifamily Property For Sale

Price:
$425,000
No. Units:
5
Building Size:
5,397 SF
Price/Unit:
$85,000
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Year Built:
1910
Lot Size:
0.31 AC
Listing ID
17373958
Last Updated
5 days ago

Find Out More...

Highlights

  • Ideal for Small Business Owner Looking for Office
  • Parkland School District
  • Off Street Parking
  • Upside in Rents

Description

Originally 6 units, the two units on the first floor were merged in the 80's to create one 1,900 sf office, the former home of Serfass Construction. Built in 1910, this property has had many upgrades including modern kitchens and bathrooms in the apartments. Currently, there are 4 apartments rented at $650/month and one vacant 1,900 sf commercial unit that makes up the entire first floor. The eastern half of the first floor can easily be converted back to an apartment leaving approximately 950 sf of commercial space on the first floor. The landlord is responsible for oil, water, sewer, trash, taxes and insurance.

Quiet residential suburb. Easy access to the city with country feel. Just under 1 mile to the 15th St interchange of Route 22.

Unit Mix Information

Debt & Equity Information

Map of 2227 Albright Ave, Allentown, PA 18104

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Presented by Sperry Van Ness | Imperial Realty
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More from:

Tom Skeans, CCIM
Tom Skeans, CCIM

Specializing in land, office and industrial properties in Lehigh Valley, PA

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License #RS273976

Asking Price Index Trends for Allentown, PA Multifamily For Sale

  Jul 14 vs. 3 mo.
prior
Y-O-Y
-
State
$58,742+1.4%+13.4%
-
Metro
$68,615-2.5%+1.6%

View Allentown Market Trends for other property types for sale or lease. Learn more about the chart info.

Mixed Use Building, 5 Units
  • Multifamily
  • $425,000
  • 5 Units
  • 5,397 SF