Address
915 West Hamilton Street Allentown, PA
Price
$ 5,000,000
Property Attributes
  • MLS#659301
  • TypeMulti-Family
  • CountyLEHIGH
  • CityAllentown
  • AreaAllentown-Central
  • NeighborhoodNot in Development
  • Zip18101
  • StyleApartment Style,Commercial,Mixed Use
  • Year Built1900
  • Taxes38863
  • Price$ 5,000,000
  • Bedrooms17
  • Full Bathrooms17
  • Half Bathrooms4
  • Sqr Footage18124
  • Lot Size0.32 Acres
Listing Provided Courtesy Of:
EXP Realty LLC
Data Source:
Greater Lehigh Valley REALTORS
Property Description

DOWNTOWN Allentown holds the most UNIQUE NIZ/OPPORTUNITY ZONE TAX INCENTIVES for investors/developers IN USA (docs in images) $289,740 GROSS, $219,877 NET INCOME, 4.4% CAP @ ASKING. The offering includes all 4 parcels w/ 5 cash-flowing buildings sitting on .47 acres including over 27,000SF of leasable space divided as 17 res & 4 com storefronts totaling a 21 unit portfolio. EXTREME VALUE ADD & located next to the most iconic building in Allentown. ALTERNATIVELY - REDEVELOP FOR MAJOR NIZ/OPP ZONE INCENTIVES, e.g., professional offices or hotel. See renderings for an 11-story 300-unit redevelopment project utilized for hotel/retail/office including underground parking & rooftop pool. Neighboring DEVELOPERS completing over $200MM in construction for over 600 units in NIZ zone (see renderings/images). Also available - neighboring 911 W Hamilton or entire 20MM+ downtown NIZ portfolio (see map). See images for NIZ benefits.

Price History
1/28/2021 Listed $5,000,000

General Features

Construction Brick
Cooling Wall AC
County Lehigh
Electric 2500
Parking Paved Lot
Parking Spaces 40
School District Allentown
Sewer Public
Subdivision Not in Development
Water Public
Water/Sewer 4500
Zoning Code B-2-CENTRAL BUSINESS

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 18101

Price
AVG $3.65M
$5M
Taxes
AVG $36,458
$38,863
Visits
AVG 23
16
Year Built
AVG 1900
1900
Walkscore
AVG 89
93
Data Provided by Walkscore ® not using MLS data

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