1501 Chew Street
Description
Immediate income with upside: this cashflowing, fully rented 9-unit mixed-use brick property is offered with a clear Certificate of Occupancy from the City—no work required. Situated on a visible corner in the desirable West End, this turn-key investment features a balanced mix of residential, commercial, and garage income streams. The property includes (2) true two-bedroom apartments, (1) studio/one-bedroom apartment, a long-term updated nail salon tenant, and (5) single-bay garages. Current Gross Income is $57,660 with Operating Expenses of only $9,901, producing an Actual Net Operating Income of $47,759 @ full occ, self-managed. Projected Gross climbs to $67,560. Residential units feature hardwood floors and solid layouts, while the commercial space is updated, attractive, and leased to a reliable long-term tenant. Additional upside potential exists by converting the large basement workroom into tenant storage and coin-operated laundry, further increasing revenue. With durable bri
$588,900
| Type: | Investment Property |
| Built: | 1910 |
| County: | Lehigh |
| Area: | Allentown City |
| Listing Office: | EXP Realty LLC |
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Exterior Features
| Approximate Lot Size | 0.050 |
| Exterior Description | |
| Garage Description | |
| Parking Driveway Description | |
| Style |
Interior Features
| Appliances | |
| Basement | |
| Cooling | Window ACs |
| Heating | Baseboard |
| Dining Area(s) | |
| Fireplace | |
| Number of Rooms | 0 |
Property Features
| Sewer | Public |
| Sub Property Type | |
| Taxes | $4,235.00 |
| Municipal Tax ID | 998333937 |
| Utilities | |
| Water | Public |
| Year Built Description | |
| Square Footage | 2375 |
| Cost per Square Foot | $247.96 |
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