$950,000

207-211 W TURNER STREET, Allentown, PA 18102

  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1945
  • Property Lot Size Icon1,307sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 6 months ago

Property Description

Three (3) Buildings, 8 units and a TON of potential! Welcome to W Turner St, these two buildings (211-213 on the left & 207-209 on the right) have been recently approved for three (3) new additional units to be built along with 4 newly renovated cash flowing apartments currently occupied. There are four apartments in 207-209, three apartments are a 2 bedroom with one bathroom, the fourth apartment is a 2 bedroom with 2 full bathrooms. The units on 207 have larger exterior balconies while the two apartment son 209 have smaller, standing room only balconies. The city has approved an additional 5th apartment for the ground floor of 207-209 along with a laundry room for all tenants to utilize (we planned on coin operated laundry). The building next door toe the left (211-213) is also a part of the property (2 buildings on one deed and one water line), and the city has approved this building for conversion into a side by side duplex, each unit will be a 2 bedroom one bathroom. The existing 4 apartments (207-209) have mini split units for max efficiency with heating and cooling, 3 heads per apartment. There is no gas in the buildings, everything to operate off electricity. There have been extensive renovations to the building in recent years and now the final phase is ready to begin. All of the leg work has been completed with the city zoning departments and engineering plans, the construction is ready to begin. When the three new units are built out, you will have a portfolio addition of 7 doors, 4 of which are already operating. Engineering plans will be provided to the buyer to use and submit for building permits on the remaining 3 apartments. The ground floor (5th unit) was zoned commercial, that has been changed and approved to residential. The same goes for 211-213, it has now been approved for residential dwellings, no longer commercial. 205 N Bryan St has been renovated with a tenant in place currently paying $1,825 monthly. This property was subdivided, it has its own deed but will be included with the sale of the building.

Listing Status:
Active
Date Added:
January 18, 2025 at 06:00AM
Listing Office:
Keller Williams Real Estate - Bensalem : 2156383830
Listing Agent:
Anthony Aspromonte : 5707308200
MLS ID:
PALH2010916
  • Flooring: Hardwood
  • A/C: Ductless/Mini-Split
  • Heating: Y90% Forced AirCentralElectric
  • Disability Feature: None

This listing courtesy of Anthony Aspromonte, Keller Williams Real Estate - Bensalem

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

S

Sheridan Elementary School

521 N 2nd St, Allentown, PA, 18102

Grades 1-5

0.35 miles away

H

Harrison-Morton Middle School

137 N 2nd St, Allentown, PA, 18101

Grades 6-8

0.06 miles away

B

Building 21 Allentown

265 Lehigh St, Allentown, PA, 18102

Grades 9-12

0.71 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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