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122.5 N Franklin St, Allentown, PA 18102

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For Sale
Sale Pending

$250,000

4 beds • 2 baths

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family Home
    Property type

  • 1905
    Year built

  • Over 50 Years Old
    Age

Explore this Property

Fantastic Allentown 2 unit near West Park - - **Property Type**: 2-unit building in Allentown. - **Rental Income**: Gross income of $29,856 and net income of $20,243. - **Recently renovated 3-bedroom unit in excellent move-in condition and 1 bed 1 bath unit has had cosmetic upgrades in the last 2 years as well. - **Interior Features**: - Ceramic tiled kitchen and bathroom. - Spacious rooms with replacement windows. - Laminate floors for durability. - **Utilities**: Separate gas, forced air heating systems. - **Outdoor Features**: Private, fenced backyard. - **Roof**: Newer rubber roof. - **Investment Metrics**: - Cap rate over 8%. - Debt coverage ratio (DCR) over 1.35%. Perfect turn key 2 unit with cashflow or a great "House Hack" opportunity to live in one unit and hedge out your mortgage with the rental income on the other unit. Do not wait on this property.
MLS# 745870

Listed By CENTURY 21 Pinnacle

Property Features

  • Age
    Over 50 Years Old
  • Sewer
    Public
  • Style
    Other Style
  • Water
    City Water

Map and Directions

Directions to 122.5 N Franklin St, Allentown, PA 18102

Home seller CENTURY 21 Pinnacle

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(610) 691-0535
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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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