USAPAAllentownNot in Development1501 Chew St
Front of Building -1501 W Chew St. | Image 1
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$589,000

1501 Chew St, Allentown, PA

Real Estate

For Sale

$--,---,---
546
  • Key Facts
  • Description
  • Map

Key Facts

Type Townhouse
Levels Residential Income
Size -
Garage Yes
Maintenance Fees $500
Taxes $5,475
Days Active 0
Approx. Age 1910
MLS® Number 760090

Property Address: 

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

Description

Investment property that is being sold with a clear CO for Sale from the City. No work to be done! Beautiful and fully rented 4-unit + 5 Garages mixed-use brick property located in the desirable West End of Allentown. This corner lot asset features three updated residential apartments, a long-term nail salon tenant, and five income-producing garage units. A turn-key investment opportunity with strong cash flow and upside potential. Net Income: $40, 772 (Actual) | $50, 672 (Projected) Cap Rate (Projected): 8.6%. Unit Mix: (2) Two-bedroom, one-bath apartments; (1) Studio/one-bedroom apartment; (1) Commercial Hair salon; (5) Single-bay garages. Financial Highlights: Gross Income: $57, 660 (Actual) | $67, 560 (Projected). Operating Expenses: $16, 888/year (The actual numbers include Property Management and Vacancy factored in). Net Income: $40, 772 (Actual) | $50, 672 (Projected) Cap Rate (Projected): 8.6%Show Description
MLS® Number760090
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageYes
Approx. Age1910
Stories3
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatBaseboard
A/CWall Window Units
Heating Fuel

Extras

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