Off-Market Property at 2638 W Allen St, Allentown, PA 18104

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $265 per day and long-term for an average of $3,017 per month, based on similar listings in the area. Estimated short-term cap rate of 1.4%. Estimated long-term cap rate of 0.9%. Make this stately West End Home your next move! All brick construction, 2 bay windows, a portico, and a slate roof combine together for great curb appeal. Enter through a proper foyer, then go into a family room accented by a classic fireplace and mantle. Hardwood flooring compliments much of the first floor. Great Natural lighting is also present throughout the home. The dining room has a rounded archway and excellent built-in cabinets. The kitchen is mid-century styled which is back in vogue and has an eat-in area with a pendant light and additional glass-faced builtins. The first floor also has an office and large powder room. Upstair, a Master bedroom has ample closet space and a private bath. Two nice sized bedrooms share their own hallway bathroom. The backyard patio and parking spot have been updated stone pavers and matches well with a great stone porch. Partially finished basement. 1 Car Garage.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$6283
Bedrooms
3
Bathrooms
2.5
SQFT
2,800
Furnished
N/A
Year built
1950
Listing Status
Off Market
MLS
753347

Short-term Rental Potential
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$38,304

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$146

Price/SQFT

Long-term Rental Potential
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$36,204

Revenue
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Profit
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Cap rate
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Cash on Cash
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$3,017/mo

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