926 W Hamilton StAllentown, PA, 18101

Added 9 days ago
$1,800,000
7,059 SqFt
$254/SqFt
Multi
Schools Nearby

Trend Report

Listing Prices for All Homes in Allentown

This Home

$1.8M

$35K$2.6M

The Median List Price for All homes in Allentown is $155K

Based on homes listed in the last 12 months

See Full Trend Report

Facts and Features

Home Type
Triplex
Year Built
1930
Heating
Steam
Cooling
Wall Ac
MLS #
654362
Status
Available

Description

DOWNTOWN Allentown holds the most UNIQUE NIZ/OPPORTUNITY ZONE TAX INCENTIVES for investors/developers IN AMERICA, reducing/returning financial liabilities & raising revenues (docs in images). $117,000 *PROJECTED* GROSS, $96,055 NET, 5.3% CAP RATE @ ASKING excluding buildout. EXTREME VALUE ADD with B2 commercial zoning & corner location with 8 parking spaces. This iconic 3 story building has a 30X120 lot featuring 3-leaseable floors projecting $9,750/mo. Exact Zoning = 3 St Or More Converted Store - Office/Apt Above. ALTERNATIVELY - REDEVELOP FOR MAJOR NIZ/OPP ZONE INCENTIVES, e.g., professional offices or hotel. Neighboring DEVELOPERS completing over $200MM in construction for over 600 units in NIZ zone (see renderings/images). Next to PPL event center and WITHIN billion-dollar downtown redevelopment. Building available with 20MM+ downtown portfolio (aerial image). See images for NIZ benefits. See Aerial drone & VIRTUAL TOUR to view the property.

Exterior Features

Parking: Paved Lot
Exterior: Brick

Utilities

Heating: Steam
Cooling: Wall Ac

Other

Listing Office: EXP Realty LLC
Originating MLS: Lehigh MLS
MLS Number: 654362
New Construction: No
Directions: 926 Hamilton St. Allentown, PA
Added to Rocket Homes 9 days ago
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  1. Rocket Homes
  2. Pennsylvania
  3. Lehigh County
  4. Allentown
  5. 926 W Hamilton St

This home is located at 926 W Hamilton St in Allentown City, PA and zip code 18101. This 7,059 square foot home, which was built in 1930, sits on a 0.16 acre lot. It has been listed on Rocket Homes since November 19, 2020 and is currently priced at $1,800,000.The neighbors living near this home have an average income of $13,294.

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