Property Information Sheet

Allentown 10-Unit For Sale — $795,000

Confidential Sale No Sign on the Building

Address Provided on Request

Carrie C. Ward, Your Agent for Investment Properties and International Properties

The Frederick Group

3500 Winchester Rd Allentown, PA 18104

610.398.0411 Office 484.347.2359 Cell 610.398.7294 Fax

CarrieWard.RealEstate@Gmail.com

A rare opportunity to

purchase a clean, well

maintained, multi-unit

building in center city

Allentown next to the

Neighborhood

Improvement Zone’s (NIZ)

more than $1 billion of

commercial investments

and within the area

targeted by PPL’s Live and

Work In Allentown grant

incentive program for

renters.

1 - National Association of Realtors; Commercial Forum May 2015 2 - Situs, RERC LLC, Deloitte Development LLC, National Association of Realtors; Expectations and Market

Realities in Real Estate in 2015

Rental units in continuous demand

Four cameras and video

surveillance system included in sale

Solid construction, built in 1920’s

Extra-high ceilings and unique

architectural details — potential for

luxury apartment development

Electric heat paid by tenants

In-unit hot water heaters and

electric panels

All plumbing re-done 2005

Available space for on-premises

laundry and storage for tenant use

Roof-top deck possible

Financials Property Highlights:

Variety of unit types and income sources — 1 studio

apartment, 3 one-bedroom units, 2 two-bedroom

units, 4 three-bedroom units, 3 garages and 3 park-

ing spaces.

Gross Income: $93,300; Net Income: $59,500

Property Taxes: $11,800; Other Expenses: $22,000

Strong rental history

Re-development occurring across the street and in nearby

blocks

Close to new shops, restaurants and public transportation

Priced to sell — 7.6% CAP

Why a Multi-Unit in Allentown? A Fortunate Convergence of Two Trends

#1—Allentown’s Urban Renaissance— well documented in

the national press — New York Times article March 2014,

Fortune Magazine’s Top 5 list of Up and Coming Downtowns

July 2014 and The Atlantic’s series of articles Sept 2014

#2—Apartments are top performing commercial sector —

Outstanding ROI’s (driven by vacancy rates below 4%1,

2014 actual and 2015 projected rent growth around 4%1

) +

Short Supply (few properties available for sale and low

apartment starts1) = premium pricing demonstrated by

Mid/High-Rise Apartments 2014 average CAP rates at 5%2

Listing agent will conduct all

showings with 24-48 hours notice

required.

First showing will be one three

bedroom unit.

Subsequent showings require

executed Agreement of Sale and

proof of financial qualification.

Interested?

Property Details