28 North Madison Street

Allentown City, PA 18102
Beds
7
Baths
4
Square Ft.
2,240
$525,000
CASH FLOW IS KING! $75,850 Gross Income, $62,020 NET INCOME. This is a Legal, 7 unit Rooming House (aka SRO--Single Room Occupancy). TURNKEY, PROFITABLE OPERATION! This the most efficient and profitable segment of residential rental properties. VERY High Revenue per square foot means Maximum Profits with fewer kitchens, fewer bathsRead MoreRead Less
Courtesy of Bellman & Radcliff
Listing Snapshot
Days Online
127
Last Updated
Property Type
Multi Family
Beds
7
Full Baths
3
Partial Baths
1
Square Ft.
2,240
Lot Size
0.04 Acres
Year Built
1905
MLS Number
737995
30 Days Snapshot Of 18102
$
+9%
(avg) sold price
27
-20%
homes sold
52
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
2,240 square footage, Built in 1905, 3 stories, Brick
Cooling
Window ACs
Expenses
Operating expense: $13,830
Water Features
Public
Heating
2033
Home Owner's Association
Lehigh Valley MLS
Income
Gross income: $75,850, Net income: $62,020
Lot
0.036 acres, 1,559 square footage
Miscellaneous
Features: Balcony, Fire Escape, Furnished
Property
Property sub type: Investment Property, Property type: Investment Property, Zoning code: R-H-HIGH DENSITY RESIDENTIAL, Semi Detached/Twin
Sewer
WaterSewer: 1160, Public
Taxes
Total taxes: $2,931, Tax crs pa MUI: 998328779
Utilities
Electric: 2460
Find The Perfect Home

'VIP' Listing Search

Whenever a listing hits the market that matches your criteria you will be immediately notified.

Join The List
Mortgage Calculator
Monthly Payment
$0
Eric Leadbetter
Broker Owner / Team Leader
Agent profile image

Schools In The Area

Check out nearby schools with ratings and contact info.

Similar Listings

View More Listings

This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright.