Neighborhood: Allentown-central, Not In Development
Great Property in the OPPORTUNITY ZONE AND ONE BLOCK FROM THE NIZ. Will make a great addition for any Investor or for a home owner who wants to live upstairs and receive income towards total cost of property. Most recent Cap rate was a lucrative 9.44% The Property has the potential of 10.5% Cap rate with yearly rental increases after one year. Storefront on the 1st floor with two recently remodeled apartments on the 2nd and 3rd floor, respectively. Recent updated electric and plumbing to 1st and 2nd floor apt. Commercial Space rehab included new flooring, walls, and electric. The Lehigh Valley Market has a $43 Billion GDP and continues to expand. The QOZ program offers 3 tax incentives for investing in low-income communities through a Qualified Opportunity Fund. A Qualified Opportunity Fund is an investment vehicle that is set up as either a partnership or corporation for investing in eligible property located in a QOZ. Detailed Information available about the property /opportunity.
Courtesy of: EXP Realty LLC Listing information provided courtesy of the Greater Lehigh Valley REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 25th September, 2021 11:13 AM
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