508 North Silk Street
508 North Silk Street
$265,000
6
2
—
—
—
Under Agreement
Description
Welcome to your next lucrative investment opportunity in the heart of Center City Allentown! Introducing a fantastic 2-unit duplex strategically located near public transportation hubs, ensuring convenient access for tenants and maximizing rental potential. Key Features: Prime Location: Located in vibrant Center City Allentown, this property enjoys proximity to the amenities that city living has to offer. Investment Gem: With a remarkable 9.00% cap rate, this duplex promises an impressive return...Welcome to your next lucrative investment opportunity in the heart of Center City Allentown! Introducing a fantastic 2-unit duplex strategically located near public transportation hubs, ensuring convenient access for tenants and maximizing rental potential. Key Features: Prime Location: Located in vibrant Center City Allentown, this property enjoys proximity to the amenities that city living has to offer. Investment Gem: With a remarkable 9.00% cap rate, this duplex promises an impressive return on investment from day one. Dual Units: Highlighting two separate units, each with its distinct charm, this property offers flexibility and multiple income streams. Revenue Rental: Perfect for savvy investors seeking consistent cash flow, this duplex is primed to generate significant rental income. Whether you're a seasoned investor looking to expand your portfolio or a newcomer eager to dive into the world of real estate, this duplex presents an unparalleled opportunity. Don't miss out on the chance to secure your financial future with this revenue-generating gem in Center City Allentown. Contact us today to schedule a viewing and seize this exceptional investment opportunity! Garages are not part of this property.
- Listed by Adalgisa Peralta • Acre and Estate
Property Details for 508 North Silk Street
Area
Allentown-Central
Sub divisionNot in Development
Location
LISTING UPDATED: 04/14/2024 07:52 PM
Property Details for 508 North Silk Street
Status | Under Agreement |
---|---|
MLS # | 734796 |
Days on Market | 19 |
Taxes | $2,140 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-Family / Both Halves |
Year Built | 1917 |
Lot Size | - |
County | Lehigh County |
Location
Building Information for 508 North Silk Street
Stories2Residences2Year Built1917Building Size-Lot Size-
Payment Calculator
$1,625 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 508 North Silk Street
Property History for 508 North Silk 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 508 North Silk Street
This home is within Allentown City School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | 1 to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Cleveland El School Public1 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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