526 Auburn StAllentown, PA 18103

Property Details for 526 Auburn St

Year built

1900

Property size (Sq ft)

1,568 SF

Property type

Apartment buildings

Description

This exceptional Allentown, PA investment opportunity presents a 1-unit apartment building at 526 Auburn St, boasting a remarkable 13.22% cap rate. The property, built in 1900, is a three-story row home totaling 1,568 square feet and currently commands a price of $150,000. The building features three bedrooms, one bathroom, and a bonus room offering versatile usage potential. The open-concept kitchen, dining, and living room area showcases attractive brick accents. A key advantage is the tenant paying all utilities. Currently leased until May 31, 2025, at a monthly rent of $1,875, ensuring immediate cash flow. The property's history demonstrates consistent and substantial income generation. The building is zoned for residential use and offers washer/dryer hookups. With 100% occupancy and a Net Operating Income (NOI) of $19,833, this property represents a strong addition to any investment portfolio. This is a rare opportunity to acquire a high-yield, income-producing asset in a desirable location. The price per square foot is $95.66, and the price per unit is $150,000. Located in Lehigh County, PA, zip code 18103.

Location Insight

City

Allentown

County

Lehigh

State

Pennsylvania

Latitude

40.5953

Longitude

-75.4654

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