Property Description

Fully occupied five-unit investment property generating $82,800 in gross income and $73,280 in net income. The asset features a balanced unit mix of two 2-bedroom apartments and three 1-bedroom apartments, providing consistent rental demand and stable cash flow. The property is 100% occupied, offering immediate income from day one. Tenants pay all utilities except water/sewer, creating a low-expense structure with landlord responsibilities limited to taxes, insurance, and water/sewer. Located in the heart of the Old Allentown Historic District, the building offers classic brick exterior charm with updated units suited for modern tenants. The area provides easy access to local dining, entertainment, and ongoing developments transforming the Allentown skyline, supporting long-term tenant demand. The property will be delivered with a clear Certificate of Occupancy from the City of Allentown, providing added confidence for buyers. Showings will be limited to accommodate tenants. Seller is also offering 135 N 8th Street, located just one block away, presenting a potential portfolio acquisition opportunity. With strong in-place income, low operating expenses, and a prime location, this property is well suited for investors seeking stable cash flow and long-term performance in a high-demand rental market.

Property Features

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