22 South 13th Street Allentown City, PA 18102
Description
748083
Multifamily
1905
Allentown
Lehigh County
Listed By
LEHIGH VALLEY ASSOCIATION OF REALTORS
Last checked Nov 7 2024 at 1:05 AM GMT+0000
- Full Bathrooms: 5
- Not In Development
- 0
- No Air
- Sewer: Public
- 2,404 sqft
Estimated Monthly Mortgage Payment
*Based on Fixed Interest Rate withe a 30 year term, principal and interest only
Unlock a unique investment in the heart of Allentown with this versatile 5-unit building designed to maximize rental income! This property includes one spacious apartment and four shared rooms, creating a perfect mix of traditional and co-living spaces. This setup caters to the growing demand for affordable, flexible housing options, ideal for students and young professionals seeking budget-friendly spaces.
Diverse Income Streams: Maximize revenue with both private and co-living spaces, reducing vacancy risks and increasing occupancy.
High Demand Rental Market: Allentown is growing, and there’s an increasing need for affordable housing options. Shared rooms appeal to young professionals and students looking for budget-friendly living, creating a consistent tenant pipeline.
Efficient Management and Turnover: This property’s setup allows for efficient management and faster tenant turnover in shared rooms, making it easier to maintain high occupancy levels.
Value-Add Potential: Minor upgrades could boost rents and enhance property value.
Strong Market Fundamentals: Allentown’s job growth and revitalization create a high-demand rental market, perfect for a stable tenant base.
This is an excellent opportunity to own an income-generating property that benefits from Allentown's rental demand trends and offers versatile leasing options for high returns.