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Description
Welcome to your next lucrative investment opportunity in the heart of Center City Allentown! Introducing a fantastic 2-unit duplex strategically located near public transportation hubs, ensuring convenient access for tenants and maximizing rental potential. Key Features: **Prime Location: Located in vibrant Center City Allentown, this property enjoys proximity to the amenities that city living has to offer. **Investment Gem: With a remarkable 9.00% cap rate, this duplex promises an impressive return on investment from day one. ** Dual Units: Highlighting two separate units, each with its distinct charm, this property offers flexibility and multiple income streams. **Revenue Rental: Perfect for savvy investors seeking consistent cash flow, this duplex is primed to generate significant rental income. Whether you're a seasoned investor looking to expand your portfolio or a newcomer eager to dive into the world of real estate, this duplex presents an unparalleled opportunity. Don't miss out on the chance to secure your financial future with this revenue-generating gem in Center City Allentown. Contact us today to schedule a viewing and seize this exceptional investment opportunity! Garages are not part of this property.
Home Highlights
Parking
No Info
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
No Info
Listed
36 days ago
Home Details for 508 N Silk St
Interior Features |
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Beds & Baths Number of Bedrooms: 6Number of Bathrooms: 2Number of Bathrooms (full): 2 |
Heating & Cooling Heating: Natural GasNo CoolingAir Conditioning: No AirHas HeatingHeating Fuel: Natural Gas |
Levels, Entrance, & Accessibility Stories: 2.5 |
Exterior Features |
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Water & Sewer Sewer: Public Sewer |
Days on Market |
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Days on Market: 36 |
Property Information |
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Year Built Year Built: 1917 |
Property Type / Style Property Type: Residential Income |
Building Construction Materials: Brick |
Property Information Parcel Number: 549792682429 001 |
Price & Status |
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Price List Price: $265,000 |
Active Status |
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MLS Status: Under Agreement |
Location |
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Direction & Address City: Allentown CityCommunity: Not in Development |
School Information Elementary School District: AllentownJr High / Middle School District: AllentownHigh School District: Allentown |
Agent Information |
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Listing Agent Listing ID: 734796 |
HOA |
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Association for this Listing: Lehigh Valley MLS |
Lot Information |
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Lot Area: 1500 sqft |
Offer |
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Listing Terms: Cash, Conventional |
Compensation |
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Buyer Agency Commission: 2.25Buyer Agency Commission Type: % |
Notes The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed |
Rental |
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Lease Term: 1 + Year |
Miscellaneous |
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Mls Number: 734796 |
Last check for updates: about 4 hours ago
Listing courtesy of Adalgisa Peralta, (732) 585-3024
Acre and Estate, (610) 936-9953
Originating MLS: Lehigh Valley MLS
Source: GLVR, MLS#734796
Price History for 508 N Silk St
| Date | Price | Event | Source |
|---|---|---|---|
| 04/09/2024 | $265,000 | Pending | GLVR #734796 |
| 03/22/2024 | $265,000 | Listed For Sale | GLVR #734796 |
| 05/26/2018 | $160,000 | ListingRemoved | Agent Provided |
| 03/29/2018 | $160,000 | PriceChange | Agent Provided |
| 02/28/2018 | $180,000 | Listed For Sale | Agent Provided |
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Comparable Sales for 508 N Silk St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.27 | Multi-Family Home | $180,000 | 04/12/24 | 5 | 2 | 1,742 | |
0.24 | Multi-Family Home | $100,000 | 10/23/23 | 5 | 2 | 1,457 | |
0.18 | Multi-Family Home | $329,000 | 09/18/23 | 5 | 2 | 1,460 | |
0.19 | Multi-Family Home | $270,000 | 06/28/23 | 4 | 2 | 2,240 | |
0.25 | Multi-Family Home | $230,000 | 07/14/23 | 4 | 2 | 1,508 | |
0.34 | Multi-Family Home | $187,000 | 04/19/24 | 5 | 2 | 1,678 | |
0.18 | Multi-Family Home | $230,000 | 11/20/23 | 3 | 2 | 2,010 | |
0.28 | Multi-Family Home | $142,000 | 09/21/23 | 4 | 2 | 1,800 | |
0.25 | Multi-Family Home | $238,000 | 06/05/23 | 4 | 2 | 1,901 | |
0.29 | Multi-Family Home | $217,000 | 06/30/23 | 4 | 2 | - |
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about 8th Ward
- Trulia User
- Resident
- 3y ago
"500 of Lumber and nagle streets is where you can see gang hanging arounds added with Shootings and loud music every weekend but most likely on summer time "
- Joanna T.
- Resident
- 3y ago
"Most are of the neighborhoods are mostly Family oriented and friendly with majority of Hispanic culture..music and happy gatherings are common on weekends "
- Leticia L.
- Resident
- 3y ago
"The commute is ok the traffic is usually at a steady pace. The streets are normally pretty well maintained"
- Dancelovepeaceserenity
- Resident
- 4y ago
"No free roam parks in immediate area to walk dogs. Only concrete sidewalks unfortunately and most owners don’t pick up poop. "
- Jenaya D.
- Resident
- 4y ago
"This neighborhood sucks especially for families we have a lot of drug activity and robberies and fights "
- Maurice C.
- Resident
- 4y ago
"the people are very versatile and there are alot of kids the area. it's real easy to meet other people and kids as well because it's very open and for the most part friendly as well"
- J.P.
- Resident
- 5y ago
"I live near the historical part of the city. The new PPL center brings different events of all types. "
- Johanna P.
- Resident
- 5y ago
"Sadly it’s not a place that has events. You have to travel to get to those. I wouldn’t even say I live in a community. Just a place to cover my head. "
- Yeniferrosa
- Resident
- 5y ago
"Great diversity. Overall quite area with very few exeptions. Close to the arena. Allen High school area."
- Louis
- Resident
- 5y ago
"I lived here for a year and the people here are friendly and neighborly like plus their kids around for my kids to play with."
- Jamie
- Resident
- 5y ago
"I hate my neighbor hood , I really don’t understand why the rent in Allentown is so expensive . The parking is horrible and the streets are trashed . The houses are too expensive to find a decent house for hard working people . I live across the street from a cemetery. So many churches without there own parking lots that take up our parking and the city does nothing . The schools are awful I have to home school my kids because of the bullying and crime that the school has . People dumping trash in the alley behind our house and I called the city plenty of times and nothing gets done ! Lots of stray cats and mice in our neighborhood and I can’t stand it here anymore."
- Dianadaugherty
- 11y ago
"quiet, quaint, and convenient...you can walk, drive or catch a bus from the corner and get everywhere and anywhere from this address. beautiful place to live!!!!"
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Adalgisa Peralta, Acre and Estate
IDX information is provided exclusively for 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 is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.