JoinServicesInsightsPeopleAbout Us
USAPAAllentown CityNot in Development542 W Walnut Street
Front of building | Image 1
Link Copied
$675,000

542 W Walnut Street, Allentown City, PA

Real Estate

For Sale

$--,---,---
000
  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage No
Taxes $6,641
Days Active 31
Lot Size 
Approx. Age 1895
MLS® Number 757173

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Welcome to this completely updated, solid brick, 5 unit investment property, with hardwood floors everywhere. Tenants enjoy gas heat and cooking at their expense and ceiling fans for cooling. This building is across from City Center's new Walnut Street Commons, which has an attached parking garage*. All apartments have been upgraded with new appliances (SS fridges and new stoves), counter tops, tile bathrooms, ceiling fans and window blinds and are easy to rent. The pride of ownership shows in the clean and well maintained exterior and interior common spaces. Durable carpeting and rubber tread-protectors on the stairs help preserve the original hardwood. Security cameras both inside and outside, plus good exterior lighting add to the attractiveness of this building for tenants. The side yard and rear yard are fenced and locked, and the large fire escape provide a safe exit for all units. Large clean basement runs the length of the building and has access through a rear door under the 1st floor rear unit. Priced at a 7.2% CAP rate using current rents, there is upside in the rents to bring them to market rate. Proof of funds required prior to scheduling a tour. Tour offering times are limited due to schedules. Please call listing agent to discuss. Please do not try to gain access to the building, the yard, or bother the tenants. *The parking deck allows public parking. Check with the Allentown Parking Authority for monthly pass availability.Show Description
MLS® Number757173
Laundry Level
Central VacNo
FireplaceNo
Acreage0.103
Exterior
GarageNo
Approx. Age1895
Basement
Driveway
Garage Spaces
Heat
A/CCeiling Fans
Heating Fuel

Extras

Similar Listings

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment

Get notified of price or status changes by saving this listing