NOT LISTED FOR SALE

1 Allentown Portfolio Allentown City, PA 18101

Center City Neighborhood
23 Beds
10 Baths
-- Sq Ft
1975 Built

Last Sold January 26, 2021

Last sale price $77,500

38 Days on Market

Highlights

  • Central Air
  • 4 Car Garage
  • 5-minute walk to Allentown Arts Park
  • Baseboard Heating

About This Home

As of January 2021

ONLY 4 PROPERTIES LEFT! LARGE PRICE REDUCTION. MAKE OFFER! AS-IS. COVID PROOF portfolio with strong, consistently paying tenants. $52100 GROSS INCOME,$41549 NET INCOME, 11.5% CAP @ $359,800K asking price ($400K sold separately). This turnkey, cash flowing, fully occupied, 4 UNIT MULTI-FAM portfolio has been updated for this sale including updated boilers, preventative maintenance, some new roofs, fresh paint, newer carpeting, and some renovated kitchens. Tenants pays all utilities, including water/sewer. Extremely well maintained with a strong property management company. VALUE ADD - rents are well below market and can be significantly raised. All tenants have paid through COVID for this owner's portfolio. This portfolio now includes: 1016 Spring Garden street (1 unit), 821 W Cedar street (1 unit), 750 N 11th street (1 unit), 809 6th street (1). If you know this area you understand the great rental area it is. Expand your portfolio with 4 cash flowing properties.

Last Agent to Sell the Property

Tejas Gosai

EXP Realty LLC Listed on: 11/19/2020

EXP Realty LLC

Co-Listed By

james reardon

EXP Realty LLC License #RS342638

Last Buyer's Agent

Peter Cerruti

RE/MAX 440

Townhouse Details

Home Type

  • Townhome

Year Built

  • Built in 1975

Home Design

  • Brick Exterior Construction
  • Shingle Siding
  • Vinyl Construction Material

Bedrooms and Bathrooms

  • 23 Bedrooms
  • 10 Full Bathrooms

Parking

  • 4 Car Garage
  • Off-Site Parking

Utilities

  • Central Air
  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 549698583622 001

Community Details

Overview

  • 9 Units

Building Details

  • Electric Expense $1
  • Insurance Expense $1
  • Trash Expense $1
  • Water Sewer Expense $1
  • Operating Expense $20,685
  • Gross Income $52,150
  • Net Operating Income $41,459

Townhouse Details

Home Type

Townhome

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Apartment Style, Row-End Unit
  • V O W Automated Valuation Dis: Yes
  • Year Built: 1975
  • Year Built Exception: Unknown
  • Special Features: None

Interior Features

  • Bathrooms: 10
  • Full Bathrooms: 10
  • Bedrooms: 23

Exterior Features

  • Construction: Brick, Shingle, Vinyl

Garage/Parking

  • Parking: Garage, Off Site, Paved Lot
  • Parking Spaces: 4

Utilities

  • Cooling: Central AC, Wall AC
  • Heat Type: Baseboard, Gas
  • Sewer: Public
  • Water: Public
  • Electric: 1
  • Gas: 1
  • Heat: 1
  • Insurance: 1
  • Trash Removal: 1
  • Water Sewer: 1

Fee Information

  • Operating Expense: 20685

Schools

  • School District: Allentown

Lot Info

  • Zoning Code: Residential

Tax Info

  • Assessor Parcel Number: 549698583622 001

Multi Family

  • Total Units: 9
  • Total Unit Count: 10

Range of Values:

Collateral Analytics

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ICE

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/26/2021 01/26/21 Sold $77,500 -78.5% --
12/27/2020 12/27/20 Pending -- -- --
12/20/2020 12/20/20 Price Changed $359,800 -55.0% --
11/19/2020 11/19/20 For Sale $800,000 -- --
Source: Greater Lehigh Valley REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2021

    Tejas Gosai

    EXP Realty LLC

    Section Image

  • j

    Seller Co-Listing Agent in 2021

    james reardon

    EXP Realty LLC

    Section Image
  • Peter Cerruti

    Buyer's Agent in 2021

    Peter Cerruti

    RE/MAX

    (215) 429-7273

    8 in this area

    109 Total Sales

    Peter Cerruti
    Section Image
See All Agents

Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 654536

Greater Lehigh Valley REALTORS®
Pennsylvania Lehigh County Allentown 18101 Center City

1 Allentown Portfolio, Allentown, PA

This home is located at 1 Allentown Portfolio, Allentown City, PA 18101 since 19 November 2020. This property was built in 1975. 1 Allentown Portfolio is a home located in Lehigh County with nearby schools including Roosevelt Elementary School, South Mountain Middle School, and William Allen High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Greater Lehigh Valley REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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