Listing Courtesy of: LEHIGH VALLEY ASSOCIATION OF REALTORS / Century 21 Pinnacle / Frank Renaldi
24 South 11th Allentown City, PA 18102
Active (6 Days)
$345,000
Description
MLS #:
751098
751098
Lot Size
1,250 SQFT
1,250 SQFT
Type
Multifamily
Multifamily
Year Built
1900
1900
School District
Allentown
Allentown
County
Lehigh County
Lehigh County
Listed By
Frank Renaldi, Century 21 Pinnacle
Source
LEHIGH VALLEY ASSOCIATION OF REALTORS
Last checked Jan 22 2025 at 8:44 AM GMT+0000
LEHIGH VALLEY ASSOCIATION OF REALTORS
Last checked Jan 22 2025 at 8:44 AM GMT+0000
Bathroom Details
- Full Bathrooms: 3
Subdivision
- Not In Development
Heating and Cooling
- 0
- No Air
Utility Information
- Sewer: Public
Stories
- 3.0
Living Area
- 2,336 sqft
Location
Estimated Monthly Mortgage Payment
*Based on Fixed Interest Rate withe a 30 year term, principal and interest only
Listing price
Down payment
%
Interest rate
%Mortgage calculator estimates are provided by C21 Pinnacle and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Copyright © 2025 Greater Lehigh Valley REALTORS® All Rights Reserved.
Exceptional Investment Opportunity – 3-Unit Multifamily Property!
- Offered at $345,000
- Cap Rate: 8.3% (self-managed)
Discover the perfect addition to your real estate portfolio with this three-unit building that combines strong cash flow with immediate upside potential. Featuring two spacious two-bedroom units and a well-sized studio, this property is designed for consistent income and future growth.
Key Highlights:
• Impressive Income: Gross rents are nearing $35,000 annually, with room for rent roll increases.
• Expense Control: Owner has implemented RUBS (Ratio Utility Billing System) in 2 of 3 units, lowering operating expenses and boosting cash flow.
• Strong Cap Rate: Enjoy an 8.3% cap rate, making this a high-performing asset for savvy investors.
• Upside Potential: With rents slightly below market, there’s significant opportunity for increased income.