36 Jefferson Street
Description
This fully occupied 2-unit multifamily generates $41,160 Gross, $35,063 Net, 9% Cap @ asking, a turnkey investment opportunity in the heart of Allentown. Delivered with a clear CO, this solid brick property is stabilized & producing income from day one. The 1st-floor 2BR apartment features front & rear entrances & includes garage rental income, while the second & third floors combine to form a spacious 3BR unit. Both apartments feature updated finishes, modern vinyl flooring (no carpets), & in-unit laundry that provides additional revenue. Tenants are responsible, leases are in place, & the building is in strong rental demand due to its location & walkability. Built in 1894, the property boasts character & charm, blending classic brick construction with low-maintenance upgrades. Comparable sales & proven performance strongly support the price, with potential upside in future rent growth. Perfect for investors seeking steady cash flow or an owner-occupant looking to live nearly rent-fre
$384,000
| Type: | Investment Property |
| Built: | 1894 |
| County: | Lehigh |
| Area: | Allentown City |
| Listing Office: | EXP Realty LLC |
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Exterior Features
| Approximate Lot Size | 0.047 |
| 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 | $2,477.00 |
| Municipal Tax ID | 998328886 |
| Utilities | |
| Water | Public |
| Year Built Description | |
| Square Footage | 0 |
| Cost per Square Foot |
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