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Pennsylvania 18102 ALLENTOWN MARTIN LUTHER KING 1201 MARTIN LUTHER KING DR

1201 MARTIN LUTHER KING DR
ALLENTOWN, PA 18102

$429,900 
  • -- Beds
  • -- Baths
  • 25,710 sqft
  • Residential Income | Mixed Use
  • Available
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Property Description for 1201 MARTIN LUTHER KING DR, ALLENTOWN PA 18102

Excellent commercial investment opportunity!!! Former Dauefer Brewery converted into multi tenant warehouse space consisting of multiple buildings and additional residential apartment. Several improvements have been made including new roofs, windows, upgraded electric, plumbing, and heat systems. Property is currently fully occupied with rent increases due 6/1/17. All units have electric paid by tenants; some have heat and bathrooms. This property will be sold with a Clear Certificate of Occupancy from the City of Allentown.

  • Property Class: Investment Property
  • Listing Status: Available
  • City: ALLENTOWN
  • State: PA
  • Zip: 18102
  • Area: 13 – Allentown-Central
  • County: Lehigh
  • Class: Residential Income
  • Property Subtype: Mixed Use
  • Approx Lot Size: 0.815
  • Baths (F/H): -- / --
  • Living Area (SqFt): 25,710 sqft
  • Lot Sq Ft Apx: 35501
  • Year Built: 1900
  • Listing#: 545828
  • School District: Allentown
  • Association: Lehigh Valley MLS
  • List Date: 5/8/2017
  • Last updated on: 8/20/2017

Property Features for 1201 MARTIN LUTHER KING DR, ALLENTOWN PA 18102

  • Construction: Brick
  • Property Sub Type Category: Mixed Use
  • Cooling: No Air
  • Parking: Garage, Paved Lot
  • Water: Public
  • Sewer: Public

Additional Information for 1201 MARTIN LUTHER KING DR, ALLENTOWN PA 18102

  • Lot Size Source: Tax Records
  • Electric: 1200
  • Square Footage Source: Tax Records
  • School District: Allentown
  • Water Sewer: 2000
  • Gross Income: 62160.00
  • Net Income: 45610.00
  • Operating Expense: 16550
Courtesy of BETTERHOMES&GARDENSRE/CASSIDON
Copyright 2017, Lehigh Valley AOR. All Rights Reserved.
Based on information from the Lehigh Valley Association of Realtors. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable, but not guaranteed.