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- Property
General Information
- Residential Income, Apartment
- 5
- 2
- 1905
Description
Welcome to 1142 Spring Garden St, Allentown, a strategically located multifamily investment opportunity in the heart of Central Allentown offering immediate cash flow and long term upside.
This property features two residential units. Unit 1 has been fully renovated and is move in ready, ideal for an owner occupant or immediate lease up at market rents. Unit 2 is currently tenant occupied, providing steady in place income from day one.
Included in the sale is a separate parcel at 1133-1141 W Union St., currently operating as a rental parking lot. The lot offers 7 total parking spaces, with 6 rented on a month to month basis and 1 space available, creating an additional income stream with room for increased revenue. The parcel spans 4,845 square feet, offering flexibility and potential for future repositioning or redevelopment.
With diversified income streams, value add potential, and a prime location near major routes, schools, and local amenities, this property presents a compelling opportunity for investors or buyers seeking strong returns and built in cash flow.
Schedule your showing today and explore the potential this property has to offer.
Property Documents
- Details
Property Overview
- Property ID 772286
- Price $395,000
- Land Area 0.027 Acres
- Bedrooms 5
- Bathrooms 2
- Garage Size x x
- Year Built 1905
- Property Status Closed, For Sale
- Property Type Apartment, Residential Income
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