334 North Law Street

Allentown, PA 18102

$540,000
Price
10
Beds
6
Baths
3,528 Sq. Ft.
$153 / Sq. Ft.
3,528
Sq. Ft.
$153
per Sq. Ft.

Description

Welcome to your next lucrative investment in the heart of a thriving rental market! This renovated 4-unit bldg offers an exceptional opportunity for any buyer. This property promises excellent rental income potential with a current annual income of $57,600, boasting a solid 9% cap rate: (2) 1BR/1BA apts at $900/mth & (2) 4BR/2BA apts at $1500/mth. Along with new siding & roof, all of the 4 units have been renovated: updated kitchens/bathrooms, flooring, new HW tanks + clear City CO. Located in a...Welcome to your next lucrative investment in the heart of a thriving rental market! This renovated 4-unit bldg offers an exceptional opportunity for any buyer. This property promises excellent rental income potential with a current annual income of $57,600, boasting a solid 9% cap rate: (2) 1BR/1BA apts at $900/mth & (2) 4BR/2BA apts at $1500/mth. Along with new siding & roof, all of the 4 units have been renovated: updated kitchens/bathrooms, flooring, new HW tanks + clear City CO. Located in a sought-after rental market area, this property benefits from high demand for quality housing. With a strong tenant pool & consistent rental history, you can expect minimal vacancies & reliable income streams. Whether you're an experienced investor or a first-time buyer, this turnkey property offers a hassle-free investment opportunity. With renovations already completed & tenants in place, you can start generating income from day one. Generating an impressive $57,600 in annual income at a 9% cap rate, this property offers a solid return on investment. With potential for future rent increases & appreciation, you can capitalize on the steady growth of the local rental market. Close to amenities, public transportation & major thoroughfares, this property offers convenience & accessibility for tenants. From shopping & dining options to parks & entertainment, everything tenants need is within reach. Don't miss out on this exceptional investment opportunity in a thriving rental market!
  1. Listed by Rick Matos • IronValley RE of Lehigh Valley

Property Details for 334 North Law Street

Area
Allentown-Central
Style
Colonial
Sub division
Not in Development

Location

Listing Courtesy of IronValley RE of Lehigh Valley
Add your commute
LISTING UPDATED: 05/20/2024 04:52 PM

Property Details for 334 North Law Street

StatusAvailable
MLS #737521
Days on Market22
Taxes$4,354 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Apartment Style
Year Built1915
CountyLehigh County

Location

Listing Courtesy of IronValley RE of Lehigh Valley
Add your commute

Building Information for 334 North Law Street

Building/Complex334 N Law StFloor-Stories3Pet Policy-Year Built1915Building Size-

Payment Calculator

$3,310 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,947

Property Taxes

$363

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 334 North Law Street

Summary
Location and General Information
  • Directions: RT-22 to Fullerton Ave, take American Pkwy to N Law St
  • School District: Allentown
Owner
  • Type of Ownership: Fee Simple
Parking
  • Garage: Off & On Street, Parking Pad
  • Number of Cars: 2
Taxes and HOA Information
  • Association: Lehigh Valley MLS
  • County Taxes: $518.99
  • Municipal Taxes: $725.88
  • School Taxes: $3,108.91
  • Total Taxes: $4,353.78
Property
Lot Information
  • Acres: 0.048
  • APN: 640712055671001
  • Lot Size Source: Tax Records
  • Zoning Code: R-MH-MEDIUM HIGH DENSITY RESIDENTIAL
Property and Assessments
  • County Assessment: $137,300.00
  • Property SubType Category: Apartment Style, Duplex/Both Halves, Row-End Unit
  • Sqft Approx Abv Grade: 3528.0
  • Square Footage Source: Tax Records
  • Adult Comm 55 Over: No
Utilities
  • Amperage Type: Circuit Breaker
  • Cooling: None
  • Sewer: Public
  • Water: Public
Interior and Exterior Features
Exterior Features
  • Construction: Brick, Vinyl
  • Roof: Rubber
  • Exterior: Deck
Interior Features
  • Appliances: Oven/Range Electric, Refrigerator
  • Basement: Lower Level
  • Dining: Eat-In Kitchen
  • Floor: Laminate/Resilient, Tile
  • Heat Type: Electric
  • Hot water: Electric
  • Total Room Count: 20
  • Total Rooms: 14
Room 1
  • Room Description 1: 334 Law - apt 1
  • Room Level 1: 1st Floor
  • Room Type 1: Bedroom
Room 2
  • Room Description 2: 334 Law - apt 1
  • Room Level 2: 1st Floor
  • Room Type 2: Kitchen
Room 3
  • Room Description 3: 334 Law - apt 2
  • Room Level 3: 2nd Floor
  • Room Type 3: Bedroom
Room 4
  • Room Description 4: 334 Law - apt 2
  • Room Level 4: 2nd Floor
  • Room Type 4: Bedroom
Room 5
  • Room Description 5: 334 Law - apt 2
  • Room Level 5: 3rd Floor
  • Room Type 5: Bedroom
Room 6
  • Room Description 6: 334 Law - apt 2
  • Room Level 6: 3rd Floor
  • Room Type 6: Bedroom
Room 7
  • Room Description 7: 334 Law - apt 2
  • Room Level 7: 2nd Floor
  • Room Type 7: Kitchen
Room 8
  • Room Description 8: 336 Law - apt 1
  • Room Level 8: 1st Floor
  • Room Type 8: Bedroom
Room 9
  • Room Description 9: 336 Law - apt 1
  • Room Level 9: 1st Floor
  • Room Type 9: Kitchen
Room 10
  • Room Description 10: 336 Law - apt 2
  • Room Level 10: 2nd Floor
  • Room Type 10: Bedroom
Room 11
  • Room Description 11: 336 Law - apt 2
  • Room Level 11: 2nd Floor
  • Room Type 11: Bedroom
Room 12
  • Room Description 12: 336 Law - apt 2
  • Room Level 12: 3rd Floor
  • Room Type 12: Bedroom
Room 13
  • Room Description 13: 336 Law - apt 2
  • Room Level 13: 3rd Floor
  • Room Type 13: Bedroom
Room 14
  • Room Description 14: 336 Law - apt 2
  • Room Level 14: 2nd Floor
  • Room Type 14: Kitchen
Room 15
  • Room Description 15: 336 Law - apt 2
  • Room Level 15: 2nd Floor
  • Room Type 15: Full Bathroom
Room 16
  • Room Description 16: 336 Law - apt 2
  • Room Level 16: 3rd Floor
  • Room Type 16: Full Bathroom
Room 17
  • Room Description 17: 336 Law - apt 1
  • Room Level 17: 1st Floor
  • Room Type 17: Full Bathroom
Room 18
  • Room Description 18: 334 Law - apt 1
  • Room Level 18: 1st Floor
  • Room Type 18: Full Bathroom

Property History for 334 North Law Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 334 North Law Street

This home is within Allentown City School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Central El School
PublicK to 5

Francis D Raub Middle School
Public6 to 8

William Allen High School
Public9 to 12

Building 21 Allentown
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

334 North Law Street is a single family home for sale in Allentown, PA 18102. This property was listed for sale on May 8, 2024 by IronValley RE of Lehigh Valley, it's currently listed at $540,000. This listing's school district is Allentown City School District. Nearby schools include Central El School, Francis D Raub Middle School and William Allen High School. 334 North Law Street is a 10-bed, 6-bath, 3,528 sqft single family home built in 1915.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of IronValley RE of Lehigh Valley

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.