MLS® ID: 622340
948 Front Street
Allentown City, Pennsylvania, 18102 $499,000
Approved Apartment Subdivision - Land only - This is a great opportunity to own an approved 29 apartment subdivision, close to the new riverfront redevelopment and just north of American Parkway. The site has all City of Allentown approvals in place (with exception to final building permits to the best of seller's knowledge). Plan available on request. Build out and sell or build them as rentals. As a rental, 29 Total Units made up of 14 1-bedroom units estimated at $1100 per month rent and 15 2-bedroom units estimated at $1400 per moth rent would bring in a Gross Income of $436,800 per year. Buyer is to be responsible for NPDES.