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318-320 North 7th Street
AI Property Summary
Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).
- Multifamily apartment building available for purchase at $405,000
- Current asset performance reflects an 8% capitalization rate
- Property maintains a 100% occupancy rate across all units
- Reported cash returns on this investment exceed 10 percent
- Located within the central urban market of Allentown Pennsylvania
What's Special
Priced at $405,000, this multifamily apartment building located at 318-320 North 7th Street in Allentown offers an established investment in a key Lehigh Valley market. The property currently operates with 100% occupancy, ensuring immediate rental income for an incoming owner. Allentown continues to serve as a significant regional hub for commerce and logistics, benefiting from its strategic position within Pennsylvania and proximity to major interstate transportation corridors. This density of residential demand supports stable performance for apartment assets in the urban core. Given the current financial metrics, including an 8% cap rate and reported cash returns exceeding 10%, this building represents a viable addition to a residential portfolio. The scale and layout of the asset are well-suited for investors seeking to maintain a steady footprint in a growing metro area characterized by consistent tenant demand and ongoing economic development.
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