814 N Saint Lucas St
Allentown, PA 18104
814 N Saint Lucas · Multifamily Property For Sale
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4 Units
Property Facts
| No. Units | 4 | Building Size | 5,508 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1961 |
| Lot Size | 0.22 AC | ||
| Zoning | R-L | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Lot Size | 0.22 AC |
| Building Size | 5,508 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1961 |
| Zoning | R-L |
About 814 N SAINT LUCAS ST , ALLENTOWN, PA 18104
Well maintained four (4) unit apartment building (fully occupied) located in Allentown's West End. Property is being sold "As Is". Gross annual income is $52,910. Two are first-floor units and two are 2nd-floor units. Each tenant has a covered parking pad for 1 vehicle at the rear of the property. Heat is forced hot air - gas. Central air in each unit. Heating units are under a service contract with UGI. Laundry located within each apartment. Second-floor units have a balcony with tile flooring and canvas awning. Landlord pays water, sewer, and trash. Tenants history ranges from 2 to 15 years of continuous occupancy at this location. One individual storage unit in the basement for each tenant. Easily increase rents to $1,250 each to raise the gross to $60,000 and supercharge Net Income to $42,500 equalling a 7% Projected CAP. Overall condition "Very Good"
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $1,110 | - |
Property Taxes
| Parcel Number | 549711048012-1 | Improvements Assessment | $329,300 |
| Land Assessment | $24,000 | Total Assessment | $353,300 |
Property Taxes
