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May 13, 2019Internationally recognized, the Downtown Allentown Revitalization Project was selected as 1 of 13 Winners of ULI’s Global Awards for Excellence in 2017 (see ULI's website for details). All six properties are within 1 mile of each other in center city Allentown surrounding the designated Neighborhood Improvement Zone's (NIZ) nearly $1.5 B in new investment. Pride of ownership is readily apparent in both the physical appearance and the financial details for this six property portfolio. All 37 units (consisting of 9 apartments and 28 furnished rooms) have been continuously rented at near 0% vacancy for years. Rooms are configured and run like studio apartments removing typical drawback of single room rentals. This is a turn-key opportunity for any investor as there is no deferred maintenance on six properties located in the high-demand area of downtown Allentown. Rents are still slightly below market and all properties and units will have up-to-date and clear Allentown Certificate of Occupancy Permits prior to sale. Please register via the Covenant of Confidentiality to receive the complete package of financial information and seller's disclosures.

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