334 North Law Street
334 North Law Street
$540,000
10
6
3,528
3,528
$153
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!
- Listed by Rick Matos • IronValley RE of Lehigh Valley
Property Details for 334 North Law Street
Area
Allentown-Central
StyleColonial
Sub divisionNot in Development
Location
LISTING UPDATED: 05/20/2024 04:52 PM
Property Details for 334 North Law Street
Status | Available |
---|---|
MLS # | 737521 |
Days on Market | 22 |
Taxes | $4,354 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Single Family |
MLS Type | Residential / Apartment Style |
Year Built | 1915 |
County | Lehigh County |
Location
Building Information for 334 North Law Street
Building/Complex334 N Law StFloor-Stories3Pet Policy-Year Built1915Building Size-
Payment Calculator
$3,310 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 334 North Law Street
Property History for 334 North Law Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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.
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