2002 Hamilton Street
Allentown, PA 18104

$3,450,000

Listing image
Listing image
Listing image
Listing image
Listing image
Listing image
Listing image
Listing image
Listing image
Listing image
Listing image
Listing image
Listing image
Listing image
Listing image
Listing image
Listing image
Listing image
Listing image
Listing image
Listing image
Listing image
Listing image
Listing image
Listing image
Listing image
Listing image
Listing image
Listing image
Listing image
Listing image
Listing image
Listing image
Listing image
Listing image
Listing image
Listing image
Listing image
Listing image
Listing image
Listing image
Listing image
Listing image
Listing image
Listing image
Listing image
Listing image
Listing image
Listing image
Listing image
Listing image thumbnail
Listing image thumbnail
Listing image thumbnail
Listing image thumbnail
Listing image thumbnail
Listing image thumbnail
Listing image thumbnail
Listing image thumbnail
Listing image thumbnail
Listing image thumbnail
Listing image thumbnail
Listing image thumbnail
Listing image thumbnail
Listing image thumbnail
Listing image thumbnail
Listing image thumbnail
Listing image thumbnail
Listing image thumbnail
Listing image thumbnail
Listing image thumbnail
Listing image thumbnail
Listing image thumbnail
Listing image thumbnail
Listing image thumbnail
Listing image thumbnail
Listing image thumbnail
Listing image thumbnail
Listing image thumbnail
Listing image thumbnail
Listing image thumbnail
Listing image thumbnail
Listing image thumbnail
Listing image thumbnail
Listing image thumbnail
Listing image thumbnail
Listing image thumbnail
Listing image thumbnail
Listing image thumbnail
Listing image thumbnail
Listing image thumbnail
Listing image thumbnail
Listing image thumbnail
Listing image thumbnail
Listing image thumbnail
Listing image thumbnail
Listing image thumbnail
Listing image thumbnail
Listing image thumbnail
Listing image thumbnail
Listing image thumbnail
Status Active
Listing MultiFamily
Style Other
Year Built 1946
MLS® 611192
Original Listing Open Link
MultiFamily For Sale
42 beds
34.5+ bathrooms

Property Features
Multi-family residential DEVELOPMENT - Projected $498,600 Gross, $373,909 Net Profit, 9.2% CAP @ ARV of $4,000,000. ARV (After Repair Value) is calculated with current $3.45MM asking plus $550K estimated for a complete renovation equalling $4MM. Formerly the Holiday Hair World Headquarters, this Class A, 50,000SF Professional Plaza has 75 parking spaces & completed plans to develop 32 residential units & 3 commercial units (See attached docs/images). This property is 25kSF/floor, sits on 1.5 flat acres & has superior curb appeal with 360 glass windows & over 300' of frontage. Owners keep the property in pristine condition & recently installed a 1.2 Million BTU gas furnace, new 30-year rubber roof, & a FULL SPRINKLER SYSTEM throughout the entire building. Owner's feasibility study focused heavily on demand generators within .5 Miles including Muhlenberg College, Cedar Crest College, St Luke's Hospital, Lehigh Valley Hospital, A-town Fairgrounds. DEP Phase I & II approved.
Key Features
Beds 42
Full Baths 34
1/2 Baths 5
House Size 45176 Sq. Ft.
Lot Size 1.53 acres
Property Type MultiFamily
Year Built 1946
Style Other
Stories 2.0
Parking Spaces 75-car
Interior Features
Total Sq. Ft. 45176 Sq. Ft.
Heating Natural Gas
Cooling Central A/C
Exterior Features
Lot Size 1.53 acres
Roof Unknown
Parking Spaces 75-car
Parking Type Parking Lot, Paved or Surfaced
Street Parking No
The Neighborhood
County Lehigh

Disclaimer: Copyright © 2019 Greater Lehigh Valley REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Interested in this listing?
Listing Agent
Tejas Gosai
CENTURY 21 Keim
Direct: 215-317-1177
Broker: (610) 866-6363
By clicking "submit" you agree to receive electronic communications in response to your request from NewPoint Media Group or the information provider.
Contact
Listing Agent
Tejas Gosai
CENTURY 21 Keim
Direct: 215-317-1177
Broker: (610) 866-6363
By clicking "submit" you agree to receive electronic communications in response to your request from NewPoint Media Group or the information provider.
Mortgage Calculator
$

$ - / mo

Total no. of payments: -

Advertiser Center

How To Advertise

Stand out and get more results with a multimedia marketing strategy from The Real Estate Book.

View Our Media Kit
Publishing Opportunities

We're expanding. Start your own real estate marketing business today! New and existing markets available now.

Learn more
Current Advertisers

Create and manage your ads and listings, access Lead Activity Results and your TREB Mobile Agent account.

Log in
Information deemed reliable but not guaranteed. All measurements are approximate. MLS® numbers are provided where available. NewPoint Media Group, LLC is not affiliated or associated with The Canadian Real Estate Association or any other owner of the MLS® word or design mark in any geographic area.