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Archived over 5 years ago

$260,000

7+ bd 4+ ba 0 sqft

701 N Front St, Allentown, PA 18102

Residential Quadplex Occupied

Current Rent **

$2,525

Projected Rent **

N/A

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Posted By:

Joo Yoon

Unit 1 Details
  • Current Rent: $475
  • Bedroom: 1 bd
  • Bathroom: 1 ba
  • Square Footage: 0 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: No
Unit 2 Details
  • Current Rent: $500
  • Bedroom: 1 bd
  • Bathroom: 1 ba
  • Square Footage: 0 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: No
Unit 3 Details
  • Current Rent: $750
  • Bedroom: 2 bd
  • Bathroom: 1 ba
  • Square Footage: 0 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: No
Unit 4 Details
  • Current Rent: $800
  • Bedroom: 3 bd
  • Bathroom: 1 ba
  • Square Footage: 0 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: No

Fully Occupied 4 Family with Huge Rent UPSIDE! Under Market Rent!

Merry Christmas to the person who buys this DEAL! 

Market Rents in the area are looking at 2900-3200 after $20,000 Repairs!All tenants pay their own utilities!Huge BASEMENT with Washer/ Dryer hookup for coin laundry + Extra space that can be divided and rented as storage units (probably 4) $100-200 a month each! Looking at a huge opportunity!! All together it has the potential to Cashflow at over $4000 a month (including basement income)Don't miss out! All units need to be updated. Recommend all bathrooms and 3 kitchens be updated. Roof and foundation all in tact (Inspection report can be supplied upon request and proof of funds)Closing should be before the end of the year! Will accept all offers until Christmas!   

Location:

701 N Front St, Allentown, PA 18102

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.