Multifamily For Sale

$1,690,000

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134 7th
Allentown City, PA 18101

  • 17 beds
  • 13 baths
  • 12,214 sqft
  • 6,379 sqft lot
  • $138 per sqft
  • 1900 build

Developers Dream! Located in the NIZ Neighborhood Improvement Zone and Opportunity Zone this investment opportunity consists of 15 Units - 12 Residential Units and 3 commercial spaces. Because of its proximity to the new Downtown development this property is a great opportunity for a developer to demo/repurpose the building or renovate what’s existing and raise rents. All units have room to renovate and raise rents making it a great value add opportunity. All units have electric heat and hot water and electric ranges - all units have separate utilities. The property has frontage facing 7th Street and which is the main arteries into downtown Allentown. Located steps from the new downtown development which includes over 1 Billion Dollars of development - the PPL Event Center, Restaurants, Retail, Nightlife, and so much more. 134 - 138 N. 7th Street is an excellent long term value add opportunity in the most up and coming area in Allentown.

GLVR logo Listing courtesy of GLVR / BHHS Regency Real Estate

Last checked: Checking… • Last updated Nov 11, 2021 •

MLS# 664077 —

Amenities & Taxes

The Building

Year Built:
1900
Construction:
Brick, Stucco, Vinyl
Stories:
3.0
Square Footage:
12,214 Sqft
Square Footage Source:
Tax Records

Financial & Terms

Possible Financing:
Cash, Conventional

Location

Area:
Allentown-Central
Latitude:
40.604552
Longitude:
-75.473117

The Property

Property Type:
Investment Property
Property Sub Type:
Investment Property
Property Sub Type Category:
Apartment Style, Commercial
Zoning Code:
B-2-Central Business
Lot Size Source:
Tax Records
Lot Dimensions:
57 x 112
Lot Square Footage:
6379
Acres:
0.146

Listing Agent

Contact info:

Taxes

Total Taxes:
$10,185

Beds

Bedrooms:
17

Baths

Bathrooms:
14
Full Bathrooms:
12
Half Bathrooms:
2

The Listing

Marketing Remarks:
Developers Dream! Located in the NIZ Neighborhood Improvement Zone and Opportunity Zone this investment opportunity consists of 15 Units - 12 Residential Units and 3 commercial spaces. Because of its proximity to the new Downtown development this property is a great opportunity for a developer to demo/repurpose the building or renovate what’s existing and raise rents. All units have room to renovate and raise rents making it a great value add opportunity. All units have electric heat and hot water and electric ranges - all units have separate utilities. The property has frontage facing 7th Street and which is the main arteries into downtown Allentown. Located steps from the new downtown development which includes over 1 Billion Dollars of development - the PPL Event Center, Restaurants, Retail, Nightlife, and so much more. 134 - 138 N. 7th Street is an excellent long term value add opportunity in the most up and coming area in Allentown.

Heating & Cooling

Heat:
No
Cooling:
No Air

Utilities

Water:
Public
Water Sewer:
4760
Sewer:
Public
Gas:
No
Electric:
1248

Schools

School District:
Allentown

The Community

Subdivision:
Not in Development
Association:
Lehigh Valley MLS

Parking

Parking:
None

Schools

Rating Details

Central Elementary School

  • Public
  • K-5
  • 0.2 mi

Lincoln Early Childood Center

  • Public
  • K-5
  • 0.9 mi

William Allen High School

  • Public
  • 9-12
  • 1.2 mi

Francis D Raub Middle School

  • Public
  • 6-8
  • 1.2 mi

GreatSchools scores are based on a scale from 1 to 10, where 10 is above average.

The school service areas are not definitive and should only be used as guidance. GreatSchools Ratings provided by www.greatschools.org

Flood Factor

This property has minimal flood risk

This property has a . Although flood risks across the country are changing because of the environment, this property is unlikely to flood over the next 30 years.

Provided by Flood Factor®

Flood Insurance

Recommended: MassiveCert estimates that this property is in FEMA Zone X, which means that flood insurance is recommended, but not required.

Get an instant insurance quote

ClimateCheck

80 /100
  • Storm Risk
  • Extreme

33 /100
  • Drought Risk
  • Significant

51 /100
  • Heat Risk
  • High

0 /100
  • Fire Risk
  • Relatively Low

ClimateCheck® ratings reflect hazard risk at a property relative to the rest of the contiguous United States. Ratings are based on projected 2050 risk and the change from historical risk.

A rating of 1 represents the lowest risk; 100 is the highest.

See the full report from ClimateCheck®

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WalkScore®

Provided by WalkScore® Inc.

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Sale history

Date Event Source Price % Change
4/7/21
Listed / Active GLVR $1,690,000

Finding records…

No additional history available

If new records are added for this property, we’ll share them here.

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