24-Residential Unit for Sale 2 Properties Offered at $8,000,000 in Allentown, PA
INVESTMENT HIGHLIGHTS
- 0.5 acre redevelopment site for sale
- Over 250 new upscale apartments finished 1/2 block away
- The Lehigh and Northampton Transportation Authority (LANTA) operates bus services throughout the Lehigh Valley,
- Opportunity Zone which qualifies for special loans and financing
- The property is within walking distance of various stores, gas stations, and a library, offering convenient access to essential services.
EXECUTIVE SUMMARY
Join the downtown redevelopment revolution.
Approximately .5 acre redevelopment site for sale. Additional lots can purchased for a total of .75 acres. Proposed 10 story parking deck going up next door. Developer could potentially partner with Allentown Parking Authority and lease decks for parking. Property is in the Opportunity Zone which qualifies for special loans and financing. Over 250 new upscale apartments finished 1/2 block away. Property currently generates income from 24 units of approximately $255,000. Property will generate over $335,000 proforma. Please call agent/owner for details and more information. Seller is a PA Realtor.
Approximately .5 acre redevelopment site for sale. Additional lots can purchased for a total of .75 acres. Proposed 10 story parking deck going up next door. Developer could potentially partner with Allentown Parking Authority and lease decks for parking. Property is in the Opportunity Zone which qualifies for special loans and financing. Over 250 new upscale apartments finished 1/2 block away. Property currently generates income from 24 units of approximately $255,000. Property will generate over $335,000 proforma. Please call agent/owner for details and more information. Seller is a PA Realtor.
TAXES & OPERATING EXPENSES (ACTUAL - 2024) |
ANNUAL |
|---|---|
| Gross Rental Income |
-
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
-
|
| Net Operating Income |
$255,000
|
PROPERTY FACTS
| Price | $8,000,000 |
| Price / SF | $571.43 / SF |
| Sale Condition | Redevelopment Project |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 14,000 SF |
| Total Land Area | 0.61 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 130-136 S 7th St, Allentown, PA 18101 | Multifamily | 14,000 SF | 1880 | - |
| 130 S 7th St, Allentown, PA 18101 | Land | 0.50 AC | - | - |
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