Residential Income in Allentown City

$649,900

701 Jordan, 18102, Allentown City, PA

Residential Income for sale in Allentown City, 701 Jordan, 18102, 4120 m²

701 Jordan, 18102, Allentown City, PA

$649,900

6Bed
5Bath
4120
Type: Residential Income

Description

This 5-unit mixed-use property offers two buildings on a single deed and a diversified income mix just a few blocks from the Allentown Waterfront development already reshaping this corridor. Unit 1 is a bar/restaurant with 2 bathrooms, Unit 2 is a mini mart, Unit 3 is a 1-bedroom/1-bathroom apartment currently owner-occupied and will be delivered at closing, Unit 4 is a 3-bedroom/1-bathroom apartment currently tenanted, and Unit 5 is a 3-bedroom/1-bathroom apartment currently tenanted with water included in the rent. The commercial spaces will be delivered vacant of business operations, giving a new owner a clean slate to operate, re-lease, or explore alternative uses with the city. With five diverse income streams under one deed, the upside potential here is significant for the right investor. Liquor license does not convey and must be obtained separately. This property has been family-owned for generations, the current owner is ready to retire and motivated to close. Do not let this one pass you by.

Location

701 Jordan, 18102, Allentown City, PA

Data

Object TypeResidential Income
Purchase Price$649,900
Living Space4120 m²
Plot Size246.84 m²
Bathrooms5
Construction Year1904
ConditionNot specified
RoomsN/A

Energy Information

Heating TypeGas
Primary Energy SourceN/A
Construction Year1904
Energy CertificateN/A
Final Energy DemandN/A
Certificate Valid UntilN/A
Energy Efficiency ClassN/A

Contact Agent

Listing Agent

Abdelaziz Nebbaki