138 North 7Th, Allentown, PA 18101

$899,900
9
BD
7
BA
5,780
SqFt
List Price
$899,900
MLS#
702307
Status
AVAILABLE
Type
Multifamily
City
Allentown
Area
Allentown-Central
County
Lehigh
Neighborhood
North End
Bedrooms
9
Bathrooms
7
Living Area
5,780
Lot Size
1,786
Year Built
1900

Property Description

Developers Dream! Located in the NIZ Neighborhood Improvement Zone and Opportunity Zone this investment opportunity consists of 7 Units -6 Residential Units and 1 commercial spaces. Because of its proximity to the new Downtown development this property is a great opportunity for a developer to demo/repurpose the building or renovate what’s existing and raise rents. All units have room to renovate and raise rents making it a great value add opportunity. All units have electric heat and hot water and electric ranges - all units have separate utilities. The property has frontage facing 7th Street and which is the main arteries into downtown Allentown. Located steps from the new downtown development which includes over 1 Billion Dollars of development - the PPL Event Center, Restaurants, Retail, Nightlife, and so much more. Can be sold with 134 N. 7th Street is an excellent long term value add opportunity in the most up and coming area in Allentown.

Additional Information

Acres
0.04
Construction
Brick, Stucco, Vinyl
Cooling
No Air
Living Area
5,780
Lot Dimensions
17 x 112
Lot Size
1,786
Parking
None
Region
Allentown-Central
School District
Allentown
Sewer
Public
Stories
4
Taxes
$5,365
Zoning
B-2-CENTRAL BUSINESS

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of BHHS Regency Real Estate.

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