Gary Elbert
This listing was posted on RealtyWW.
$525,000
Home For Sale In Allentown, Pennsylvania
Price:
$525,000
BR/BA:
7 BR, 3.5 BA
Location:
28 N Madison St, Allentown, PA
Description:
CASH FLOW IS KING! $74, 290 Gross Income, $60, 460 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. OPEN SHOWING, 5/18, 11-1 p.m. VERY High Revenue per square foot means Maximum Profits with fewer kitchens, fewer baths that generate most maintenance costs and hassles in typical residential rentals... not here. These rooms are in high demand, easy to rent, almost never vacant. Two units are traditional Studios with a BR, kitchen and private, full bath (the onsite manager resides in one of these units). One unit has a private half bath, Three units have a sink. Occupants pay weekly (that means 4.33 rent payments per month on average). LOW maintenance, easy operation with an onsite manager (cost included in expenses provided in the listing details). Most occupants pay via Cash App or equivalent to save effort. Rooms with no private facilities share a large, modern, ceramic tiled bathroom. Updated plumbing (PVC and PEX), Updated electric (new 200 AMP), newer roof, Trex porch stairs and new tongue and grove porch decking, fenced in private courtyard. Very Appealing, Great location for this type of property. Owner is part of an Operators Association that owns and runs over 300 rooms collectively in the Valley. Training and support available if needed. Once you discover this type of property, you won't buy traditional rentals any more!For more details: https://realtyww.info/homes_allentown-d523756/for-sale_i71922448
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More About this Listing: Home For Sale In Allentown, Pennsylvania
Home For Sale In Allentown, Pennsylvania is a Seven Bedroom 3.5 Bathroom Single-Family Homes for Sale at 28 N Madison St in Allentown PA. Find other listings like Home For Sale In Allentown, Pennsylvania and listings near 28 N Madison St by searching Oodle Classifieds for Seven Bedroom 3.5 Bathroom Single-Family Homes for Sale in Allentown PA.
Home For Sale In Allentown, Pennsylvania is a Seven Bedroom 3.5 Bathroom Single-Family Homes for Sale at 28 N Madison St in Allentown PA. Find other listings like Home For Sale In Allentown, Pennsylvania and listings near 28 N Madison St by searching Oodle Classifieds for Seven Bedroom 3.5 Bathroom Single-Family Homes for Sale in Allentown PA.