Property Description

Turnkey, cash-flowing single family asset in the Old Allentown Historic District with clear rent-growth upside. Property produces a GROSS income of $13,800 and NET $10,706. The property offers a functional layout with a private fenced yard, basement, and attic storage, along with efficient gas heat and electric appliances. This property benefits from sustained tenant demand driven by proximity to dining, shopping, and entertainment in central Allentown. The unit features an efficient layout and private fenced outdoor space, a combination that supports long-term renter appeal and consistent occupancy in this submarket. The property is tenant-occupied, with tenants responsible for all utilities, keeping owner expenses low and predictable. In-place rents remain below prevailing market levels, with nearby comparable units supporting higher monthly rents. Appliances are already in place, and the asset requires no operational overhaul to unlock upside, positioning it as a light value-add or hands-off hold. At the asking price, the property delivers immediate in-place income with a clear path to improved performance through rent optimization rather than capital-intensive repositioning. Well-suited for investors seeking stable yield, inflation-resistant income growth, and long-term appreciation in the Lehigh Valley.

Property Features

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