NEW! Buy and sell safely with virtual options - Learn More
About the Listing FREDKGRP - 3192492
Welcome to this completely updated, solid brick, 5 unit investment property, with hardwood floors everywhere. Tenants pay gas for heat & cooking, & electric with ceiling fans for cooling. Located across from City Center's new Walnut Street Commons (with an attached parking garage*). These easy to rent apartments have upgraded kitchens, new SS fridges and stoves, counter tops, tile bathrooms, ceiling fans & window blinds. Pride of ownership shows in the clean & well maintained common spaces and quality tenants. Durable carpeting & rubber tread-protectors on the stairs help preserve the original hardwood. Security cameras both inside and outside, plus good exterior lighting add to the attractiveness of this building for tenants. Three new roofs, plus side and rear yards are fenced & locked, and the large fire escape provide a safe exit for all units. Large clean basement runs the length of the building & has access through a rear door under the 1st floor rear unit. Priced at a 7.2% CAP rate using current rents, there is upside in the rents to bring them to market rate. Proof of funds required prior to scheduling a tour. Tour offering times are limited due to schedules. Please call listing agent to discuss. Please do not try to gain access to the building, the yard, or bother the tenants. *The parking deck allows public parking. Check with the Allentown Parking Authority for monthly pass availability.
Listing Highlights for 542 W Walnut St
Status
Active
Days on Site
25
Property Type
Commercial Sale
MLS ®
PALH2012988
Year Built
1895
Total Square Footage
4,541
Lot/Acreage
0.1
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances:
- Air Cond: Ceiling Fan(s)
- Heating: Hot Water,Radiator
- Fireplaces:
- Floor: Wood,Tile/Brick,Marble
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Lot Dimensions: 30.00 x 150.00
- Zoning: B-2
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: Public,On Street
Financial Details
- Tax Amount: $6,639
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Listing Location
Questions About..
542 W Walnut St Allentown, PA 18101
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
