614 8th Street

Allentown, PA 18102

$295,000
Price
5
Beds
3
Baths
2,316 Sq. Ft.
$127 / Sq. Ft.
2,316
Sq. Ft.
$127
per Sq. Ft.

Description

Investment Opportunity Welcome to this lucrative investment opportunity nestled in a prime rental location. This 2-unit property promises not only substantial strong rental income but also desirable amenities, making it an ideal addition to any investor's portfolio. Currently housing a tenant occupied 2-bedroom/1-bath 1st Fl unit with 2 off-street parking spots plus access to the basement for laundry that's rented at $1,250. The vacant spacious renovated 3-bedroom/2-full baths 2nd Fl unit consists...Investment Opportunity Welcome to this lucrative investment opportunity nestled in a prime rental location. This 2-unit property promises not only substantial strong rental income but also desirable amenities, making it an ideal addition to any investor's portfolio. Currently housing a tenant occupied 2-bedroom/1-bath 1st Fl unit with 2 off-street parking spots plus access to the basement for laundry that's rented at $1,250. The vacant spacious renovated 3-bedroom/2-full baths 2nd Fl unit consists of a modern kitchen with newer appliances plus a laundry area that can be easily rented for $1,850. It offers a total net income of $32,585 resulting in an impressive 11% cap rate! Located in a high-demand rental area, this property minimizes the risk of prolonged vacancies contributing to sustained profitability. You also have the flexibility to owner-occupy one unit & keep one unit rented. Seize this opportunity to acquire a lucrative investment property with substantial income potential. Whether you're a seasoned investor or exploring your first venture, this property promises attractive returns & enduring value. Schedule a viewing today & unlock the possibilities of real estate investment success! The seller will provide a clear certificate of occupancy from the City of Allentown.
  1. Listed by Rick Matos • IronValley RE of Lehigh Valley

Property Details for 614 8th Street

Area
Allentown-Central
Sub division
Not in Development

Location

Listing Courtesy of IronValley RE of Lehigh Valley
Add your commute
LISTING UPDATED: 03/30/2024 05:32 PM

Property Details for 614 8th Street

StatusUnder Agreement
MLS #734797
Days on Market9
Taxes$2,541 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Row-End Unit
Year Built1900
Lot Size0.05 AC / 2,012 SF
CountyLehigh County

Location

Listing Courtesy of IronValley RE of Lehigh Valley
Add your commute

Building Information for 614 8th Street

Stories3Year Built1900Building Size-Lot Size0.05 AC / 2,012 SF

Payment Calculator

$1,822 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,610

Property Taxes

$212

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 614 8th Street

Summary
Location and General Information
  • Directions: Follow PA-145 S to 8th St/N Eighth St in Allentown
  • School District: Allentown
Owner
  • Type of Ownership: Fee Simple
Parking
  • Garage: Off & On Street
  • Number of Cars: 2
Taxes and HOA Information
  • Association: Lehigh Valley MLS
  • County Taxes: $297.49
  • Municipal Taxes: $461.13
  • School Taxes: $1,782.02
  • Total Taxes: $2,540.64
Property
Lot Information
  • Acres: 0.046
  • APN: 549793233003001
  • Lot Size Source: Tax Records
  • Zoning Code: R-MH-MEDIUM HIGH DENSITY RESIDENTIAL
Property and Assessments
  • County Assessment: $78,700.00
  • Property SubType Category: Row-End Unit, Row/Townhouse, Semi Detached/Twin
  • Sqft Approx Abv Grade: 2316.0
  • 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: Vinyl
  • Roof: Asphalt Fiberglass
Interior Features
  • Appliances: Clothes Washer, Double Oven, Laundry Hookup, Oven Electric, Oven/Range Electric, Refrigerator, Washer/Dryer
  • Basement: Full, Lower Level
  • Dining: Breakfast Room, Dining Area, Dining Room, Eat-In Kitchen
  • Floor: Laminate/Resilient, LVP/LVT Luxury Vinyl Plank, Tile, Wall-to-Wall Carpet
  • Heat Type: Baseboard, Electric
  • Hot water: Electric
  • Total Room Count: 13
  • Total Rooms: 10
Room 1
  • Room Description 1: 1st Fl apt
  • Room Level 1: 1st Floor
  • Room Type 1: Bedroom
Room 2
  • Room Description 2: 1st Fl apt
  • Room Level 2: 1st Floor
  • Room Type 2: Bedroom
Room 3
  • Room Description 3: 1st Fl apt
  • Room Level 3: 1st Floor
  • Room Type 3: Living Room
Room 4
  • Room Description 4: 1st Fl apt
  • Room Level 4: 1st Floor
  • Room Type 4: Kitchen
Room 5
  • Room Description 5: 1st Fl apt
  • Room Level 5: 1st Floor
  • Room Type 5: Full Bathroom
Room 6
  • Room Description 6: 1st Fl apt
  • Room Level 6: Basement
  • Room Type 6: Laundry/Mud Room
Room 7
  • Room Description 7: 2nd Fl apt
  • Room Level 7: 2nd Floor
  • Room Type 7: Bedroom
Room 8
  • Room Description 8: 2nd Fl apt
  • Room Level 8: 3rd Floor
  • Room Type 8: Bedroom
Room 9
  • Room Description 9: 2nd Fl apt
  • Room Level 9: 3rd Floor
  • Room Type 9: Bedroom
Room 10
  • Room Description 10: 2nd Fl apt
  • Room Level 10: 2nd Floor
  • Room Type 10: Living Room
Room 11
  • Room Description 11: 2nd Fl apt
  • Room Level 11: 2nd Floor
  • Room Type 11: Full Bathroom
Room 12
  • Room Description 12: 2nd Fl apt
  • Room Level 12: 3rd Floor
  • Room Type 12: Full Bathroom
Room 13
  • Room Description 13: 2nd Fl apt - washer machine hookup
  • Room Level 13: 2nd Floor
  • Room Type 13: Laundry/Mud Room

Property History for 614 8th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 614 8th 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
Luis A. Ramos El School
PublicK to 5

Trexler 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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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.