Carol Brophy - Coldwell Banker Hearthside
1901 W Allen St
Allentown City, PA 18104

Description

Opportunity to own 2 high profile corners in the West End Theatre District w/7 units & 30 car parking lot. 1901 W. Allen St. and 1902 W. Allen St. being sold as a package. Combined Gross Income $116,887 - Combined Net Operating Income $80,061. ******* 1901 W. Allen St. Prime corner 5 unit building w/30 car parking lot. 2 commercial store fronts on the 1st flr w/3 apts. above. Each unit pays their own utilities & the building is fully occupied. New roof 2014. Gross Income w/CAM is $67,956 Total Expense: $24,876 (Taxes $13,176 - Ins. $2,500 - Maintenance $2,000 - Snow $5,000 - W & S $2,200) Net Operating Income $43,080 ******* 1902 W. Allen St. Prime corner w/2 commercial store fronts with additional income from rooftop billboards. Each tenant pays their own utilities & the building is fully occupied. Gross Income with CAM is $48,912 Total Expenses: $11,950 (Taxes $7,450 - Ins. $1,500 - Repairs $1,000 - Maintenance $1,500 - W & S $500.00) Net Operating Income $36,962

Details

MLS#570230
Sub-TypeResale
StatusActive
Year1930
Days On Site241

Features

SQ Feet7,580
Units7

Additional Information

County Taxes0.00
Municiple Taxes0.00
School Taxes0.00
Total Taxes0.00

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Area Information

StatePA
CountyLehigh
CityAllentown City
Zip Code18104
AreaAllentown-West
Listing VS Median (in 18104)
Price:
$999,900
low | high
Med:
$224,900
100% of Average
SqFt:
7,580
low | high
Med:
1,440
100% of Average
$ / SqFt:
$132
low | high
Med:
$156
31.60329921881% of Average
On Site:
241
low | high
Med:
62
100% of Average
Listing Updated: 10/15/2018
MLS Number: 570230
Listing Provided By:
Larry W. Ginsburg  of  BHHS Regency Real Estate