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224 E South St, Allentown

224 E South Street, Allentown, PA 18109

$90,000

11.4% Cap Rate
Fully occupied!
Long Term Tenants!
DETAILS
3

Beds

2

Baths

1

Garage Spaces

1,136SF

Living

1925

Built

0.055Acres

Lot

1,136 SF

Total Area

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Jennifer de Jesus
Gross income $14460 yr, Net income $10863 Yr = 11.4% Cap.
Will increase to 12.1% Cap on 6/1/19 at lease renewal. Large 3 bedroom, 2 full bathroom home for sale with a finished basement, large garage. Tenants pay all utilities including, water, sewer, electric and oil. Appliances included such as Refrigerator, Stove, Oven, Washer and Dryer. The home has a fenced in yard, newer roof 2007, newer windows and the f

"Smart investors buy smart investments! This is a great example."

urnace is very well maintained. Every bedroom is private. The home is in great condition. Rent is $1205 right now and will increase to $1265 on 6/1/19 with a renewed lease for 1 year. LONG TERM Tenants have been living in the home since 2017 and intend to stay since they love the home and the way it is being maintained by the current management company.

SOLD in 23 days!

- Emanuel De Jesus - Listing Agent

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The neighborhood: Allentown

Beautifully-preserved historic city with a thriving modern cultural life.