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About the Listing EXPCOMM1 - 3313981
Fully occupied three-unit investment opportunity generating $40,500 in gross income and $33,933 in net income, offering immediate cash flow with additional upside. The property consists of three spacious 1-bedroom units, a proven and efficient unit mix supported by consistent rental demand in the area. All units are currently occupied on month-to-month leases, providing a new owner with full flexibility to increase rents to market and unlock additional value from day one. Tenants pay electric heat (baseboard) and gas for cooking, both separately metered, while landlord expenses are limited to taxes, insurance, and water/sewer, resulting in a low-expense, efficient operating profile. Situated on a corner lot, the property features a solid brick exterior, offering long-term durability and reduced maintenance. Additional income is generated from a garage, and the large basement presents clear value-add potential through coin-operated laundry and/or tenant storage. The asset is located in a high-demand rental corridor, supporting strong occupancy and tenant retention.
Listing Highlights
Status
Active
Days on Site
0
Property Type
Multi-Family
MLS ®
PALH2015446
Year Built
1900
Total Square Footage
0
Lot/Acreage
0.04
Interior Details
- Bedrooms: 3
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating: Baseboard - Electric
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 0
- Below Ground Sq Ft: 0
- Basement: Outside Entrance,Poured Concrete,Side Entrance,Unfinished
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: 2 car
- Parking Spaces: 2
- Lot Dimensions: 15.00 x 120.00
- Zoning: R-Mh-Medium High Density Residential
- Roof:
- Others: Fire Escape,Outbuilding(s),Sidewalks,Street Lights,Average
- Sewer: Public Sewer
- Parking Features: Garage - Rear Entry,On Street,Detached Garage,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $2,418
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
Monthly Payment
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- in Taxes
Years
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Questions About..
744 N 5th St Allentown, PA 18103
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