New ListingExcellent East Allentown opportunity to own an income-producing two-unit property at 444 Hanover Avenue! 7.5% Pro Forma CAP rate. Conveniently located near shopping, dining, and major roadways, this property offers immediate rental income with additional upside potential. Unit 1 is currently rented at $1,200/month, while vacant Unit 2 offers projected rental income of $1,600/month. The garage generates an additional $150/month, bringing total projected gross rental income to $2,950/month or $35,400 annually. Tenants are responsible for heat and electric, helping minimize operating expenses. This property presents an attractive opportunity for investors looking to expand their portfolio. Property is being sold strictly as-is. Schedule your showing today!
| MLS # | 786406 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 1915 |
| Days On Site | 2 |
| Listing Provided By | Lehigh Valley 4 Rent LLC | Kelly M. Smith |
| Bed(s) | 4 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 1,812 |
| Story(s) | 3 |
| Units | 2 |
| Zoning | R-Mh |
| Acreage | 0.04 |
| Garage Yes / No | Yes |
|---|---|
| Parking Features | Detached, Garage |
| Tax Annual Amount | 3122.39 |
|---|
| State | PA |
|---|---|
| County | Lehigh |
| City | Allentown City |
| Zip Code | 18109 |
| Area | Allentown East |
| Community Name | Not in Development |
| Listing VS Median (in Not in Development) | |
Price: $299,900 low | high Med: $289,900 sqft: 1,812 low | high Med: 2,259 $ / sqft: $166 low | high Med: $133 On site: 2 low | high Med: 25 | |
| State | PA |
|---|---|
| County | Lehigh |
| City | Allentown City |
| Zip Code | 18109 |
| Area | Allentown East |
| Community Name | Not in Development |
| Listing VS Median (in Not in Development) | |
Price: $299,900 low | high Med: $289,900 sqft: 1,812 low | high Med: 2,259 $ / sqft: $166 low | high Med: $133 On site: 2 low | high Med: 25 | |