Home for Sale in Allentown City
As You may be Aware or Not: DOWNTOWN Allentown holds the most UNIQUE NIZ/OPPORTUNITY ZONE TAX INCENTIVES for investors/developers IN PA and IN AMERICA, reducing/returning financial liabilities & raising revenues (docs in images) $31,800 GROSS, $18,405 NET, 7.84% CAP RATE with a Potential of up to 14% CAP RATE. VALUE ADD, 2-UNIT, cash-flowing, fully occupied, MIXED MULTI-FAMILY situated on a 5,653 SF lot in central Allentown. Building totals 4,356+SF with up to 8 paved parking spaces. Currently - LOW RENTS - and with a little bit of TLC to the units, you could have a gem here! ALTERNATIVELY - REDEVELOP FOR MAJOR NIZ/OPP ZONE INCENTIVES, e.g., professional offices or two more Apartments. The property is located less than .25 miles from the PPL event center and the burgeoning Allentown downtown redevelopment. The owner is retiring and Owner does not want to invest. The building is been sold way below the potential value after some renovations. DO NOT MISS THIS GREAT OPPORTUNITY!!!!