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$255,000

  • Sold
  • Closed
  • Apartment
  • 4 Beds
  • 2 Full Baths
  • 1,734 Sq. Ft.
See This Home
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Fantastic Allentown 2 unit near West Park - - **Property Type**: 2-unit building in Allentown.- **Rental Income**: Gross income of $29,856 and net income of $20,243.- **Recently renovated 3-bedroom unit in excellent move-in condition and 1 bed 1 bath unit has had cosmetic upgrades in the last 2 years as well.- **Interior Features**: - Ceramic tiled kitchen and bathroom. - Spacious rooms with replacement windows. - Laminate floors for durability.- **Utilities**: Separate gas, forced air heating systems.- **Outdoor Features**: Private, fenced backyard.- **Roof**: Newer rubber roof.- **Investment Metrics**: - Cap rate over 8%. - Debt coverage ratio (DCR) over 1.35%.Perfect turn key 2 unit with cashflow or a great "House Hack" opportunity to live in one unit and hedge out your mortgage with the rental income on the other unit. Do not wait on this property!

Full Property Details for 122 North Franklin Street 5

General

  • Sold For: $255,000
  • Taxes: $4,141
  • Status: Closed
  • Type: Apartment
  • Source: Lehigh_Valley
  • MLS ID: 745870
  • Added to Site: 479 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 4

Location

  • Area: Allentown-Central
  • County: Lehigh
  • Subdivision: Not in Development

Community

  • Home Owners Assn.: Lehigh Valley MLS

Heating & Cooling

  • Cooling Type: Window ACs

Utilities

  • Sewer: Public
  • Water: Public

Structural Information

  • Construction: Brick
  • Square Feet: 1,734
  • Year Built: 1905

Lot Features

  • Zoning: R-MH

Financial Considerations

  • Tax Amount: $4,141

Disclosures and Reports

  • Special Conditions: Not Applicable

Listed by CENTURY 21 Pinnacle
Sold by IronValley RE of Lehigh Valley

Listing agent

— 122 North Franklin Street 5 —

  • CENTURY 21 Pinnacle

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 122 North Franklin Street 5

School District:Allentown City School District
NameGradesDistance
Lincoln Early Chld Center
1402 Walnut Street, Allentown, PA 18102
PK-50.3 mi
Mckinley El School, Allentown, PA
1124 West Turner Street, Allentown, PA 18102
1-50.4 mi
Francis D Raub Middle School
102 South Saint Cloud Street, Allentown, PA 18104
6-80.5 mi
William Allen High School
106 N 17th St, Allentown, PA 18104
9-120.3 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 122 North Franklin Street 5

Date
Details
Price
Change
Source
11/08/2024
Sold
$255,000
2%
MLS
9/26/2024
Listed
$250,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by CENTURY 21 Pinnacle
Sold by IronValley RE of Lehigh Valley

122 North Franklin Street .5, Allentown City, PA 18102 (MLS# 745870) is a Apartment property that was sold at $255,000 on November 08, 2024. Want to learn more about 122 North Franklin Street .5? Do you have questions about finding other Apartment real estate for sale in Allentown City? You can browse all Allentown City real estate or contact a Coldwell Banker agent to request more information.