111 5th Street
Description
MULTIPLE OFFERS RECEIVED- HIGHEST AND BEST SUNDAY OCTOBER 12th BY NOON. Attention Investors — This fully renovated 3-unit, end-unit building in the heart of Allentown is a true diamond in the rough. Offering over a 12% CAP rate with potential to climb even higher, this property delivers strong immediate cash flow with exceptional long-term upside. Each apartment occupies an entire floor, giving tenants oversized layouts, privacy, and abundant natural light. Key Investment Highlights: • Three full-floor apartments – 2 beds/1 bath each, with flexible layouts often adapted into 3-bedroom units. • Bright, spacious interiors with high ceilings and extra-large windows. • 6 total bedrooms, 3 full bathrooms. • Individual electric hot water heaters for each unit. • New washer/dryer hookups in Units 1 and 3. • Lower-level front entrance with potential to monetize a large storage room. • Tenant-paid utility surcharge ($90/month) covering water, sewer, trash, and heat
$423,000
| Type: | Investment Property |
| Built: | 1918 |
| County: | Lehigh |
| Area: | Allentown City |
| Listing Office: | NZO Realty |
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Exterior Features
| Approximate Lot Size | 0.033 |
| Exterior Description | |
| Garage Description | |
| Parking Driveway Description | |
| Style |
Interior Features
| Appliances | |
| Basement | |
| Cooling | Ceiling Fans, No Air |
| Heating | Baseboard |
| Dining Area(s) | |
| Fireplace | |
| Number of Rooms | 0 |
Property Features
| Sewer | Public |
| Sub Property Type | |
| Taxes | $4,389.37 |
| Municipal Tax ID | 998368968 |
| Utilities | |
| Water | Public |
| Year Built Description | |
| Square Footage | 3380 |
| Cost per Square Foot | $125.15 |
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