1120 Linden Street

Allentown, PA 18102

$480,000
Price
Beds
3,712 Sq. Ft.
$129 / Sq. Ft.
3,712
Sq. Ft.
$129
per Sq. Ft.

Description

This commercial property is back on the market! Featuring a bakery on the first floor and a leased residential unit on the second floor, it offers a solid 11% capitalization rate. The first-floor bakery tenant is secured with a 5-year lease, while the second-floor residential unit is leased for 1 year. Both tenants are responsible for their own utilities. With reliable tenants and consistent cash flow, this property is a fantastic ownership opportunity. Listed as investment property #746283, check...This commercial property is back on the market! Featuring a bakery on the first floor and a leased residential unit on the second floor, it offers a solid 11% capitalization rate. The first-floor bakery tenant is secured with a 5-year lease, while the second-floor residential unit is leased for 1 year. Both tenants are responsible for their own utilities. With reliable tenants and consistent cash flow, this property is a fantastic ownership opportunity. Listed as investment property #746283, check out the cash flow details today!
  1. Listed by Carmen E. Lajas • Signature Lux Realty

Property Details for 1120 Linden Street

Area
Allentown-Central
Sub division
Not in Development
LISTING UPDATED: 10/15/2024 03:27 PM

Property Details for 1120 Linden Street

StatusAvailable
MLS #746262
Days on Market28
Taxes$5,980 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Commercial
Year Built1900
Lot Size0.06 AC / 2,657 SF
CountyLehigh County

Building Information for 1120 Linden Street

Stories-Residences2Year Built1900Building Size-Lot Size0.06 AC / 2,657 SF

Property Information for 1120 Linden Street

Summary
Location and General Information
  • Directions: Go west on Linden St. Between 11th and 12th St the property will be on your left hand side.
  • School District: Allentown
Parking
  • Garage: None, On Street
  • ParkingSpaces: 0
Taxes and HOA Information
  • Association: Lehigh Valley MLS
  • County Taxes: $688.72
  • Lawn Snow Removal: $0
  • Maintenance Repair: $0
  • Management: 0
  • Municipal Taxes: $1,164.37
  • School Taxes: $4,125.59
  • Total Taxes: $5,979.68
Property
Lot Information
  • Acres: 0.061
  • APN: 549689485705001
  • Zoning Code: R-H-HIGH DENSITY RESIDENTIAL
Property and Assessments
  • County Assessment: $182,200.00
  • Property SubType Category: Commercial
  • Adult Comm 55 Over: No
Utilities
  • Cooling: Central AC, Window ACs
  • Electric: 0
  • Gas: $0
  • Sewer: Public
  • Water: Public
  • Water Sewer: 0
Interior and Exterior Features
Exterior Features
  • Construction: Brick
Interior Features
  • Heat: $0
  • Heat Type: Electric, Gas
Multi Family
Multi-Family Information
  • Gross Income: $66,000.00
  • Insurance: $5,928
  • Net Income: $53,262.00
  • Operating Expense: $12,737
  • Other Expenses: $0
  • Trash Removal: 830
  • Total Unit Count: 2
  • Total Units: 2

Property History for 1120 Linden Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1120 Linden Street

Taxable ValueLand$18,500Additions$163,700Total$182,200
Tax Record2024$5,979 ($498 / month)
Home Facts
Baths2Total Finished SqFt3,712 SqFtAbove Grade Finished SqFt3,712 SqFtStories2Lot Size2,640 SqFtStyleOffice BuildingYear Built1900ZoningR-HCountyLEHIGHAPN549689485705-1

Schools near 1120 Linden Street

This home is within Allentown City School District.
Rating
School
Type
Grades
Distance
Public - 1 to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Mckinley El School
Public1 to 5

Francis D Raub Middle School
Public6 to 8

William Allen High School
Public9 to 12

Building 21 Allentown
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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1120 Linden Street is a multi-family home for sale in Allentown, PA 18102. This property was listed for sale on October 3, 2024 by Signature Lux Realty, it's currently listed at $480,000. It has been on the market for a total of 28 days and was last sold on February 16, 2011. This listing's school district is Allentown City School District. Nearby schools include Mckinley El School, Francis D Raub Middle School and William Allen High School. 1120 Linden Street is a 0-bed, 0-bath, 3,712 sqft multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Signature Lux Realty

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.