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623 N Lumber St, Allentown, PA 18102

$225,000

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List Price: $225,000
Status: ACTIVE
Days on Market: 2
MLS#: PALH2017326
Subtype: Multi-Family
Style: Other
Year Built: 1878
Lot Size: 1,700
Acres: 0.04
Subdivision: Lehigh
MLS Area Major: Allentown City (12302)

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Property Description

Turnkey 2-unit with low taxes! 623 N Lumber features two 1-bedroom, 1-bathroom units generating a combined $2,300 per month in rental income with yearly leases. The property offers a fenced backyard and an oversized garage providing valuable off-street parking. The upstairs unit has been recently upgraded and includes a laundry hookup and a large 3rd floor bonus space. The city inspection has been paid for and is awaiting scheduling. All municipal repairs required will be the buyer's responsibility. Property is being sold strictly as-is. A great opportunity to add to your rental portfolio in an established Allentown location!

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Additional Information

Taxes: $1,381
Property Description: Other
Zoning: R-MH
Heating: Baseboard
Air Conditioning: None
Foundation: Stone
Garage Spaces: 1
School District: Allentown