106 N 13th St Allentown, PA 18102
Center City NeighborhoodEstimated Value: $452,175
6
Beds
3
Baths
3,180
Sq Ft
$142/Sq Ft
Est. Value
About This Home
As of January 2024Welcome to a fantastic investment opportunity in Allentown, PA! This fully occupied 3-unit apartment building is a turnkey investment, offering immediate rental income in a prime location. With all units currently leased, this property provides a steady cash flow from day one.
Each of the updated apartments ensures modern comfort and style for residents, making it an attractive choice for long-term tenants. The building's proven rental income history solidifies its status as a smart investment with reliable returns.
One of the standout features of this property is its prime location, offering close proximity to essential amenities, including stores, gas stations, restaurants, and public transportation. Tenants enjoy the convenience of easy access to all the necessities of daily life.
Whether you're an experienced investor or new to the real estate market, this fully occupied 3-unit apartment building represents a hassle-free investment opportunity. Don't miss the chance to secure your financial future in Allentown, PA. Act now to explore this income-producing gem and contact us today for more information!
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $5,047
Year Built
- Built in 1907
Lot Details
- 2,875 Sq Ft Lot
- Lot Dimensions are 26x110
Home Design
- Semi-Detached or Twin Home
Interior Spaces
- 3,180 Sq Ft Home
- 3-Story Property
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Full Bathrooms
Home Security
Parking
- 3 Parking Spaces
- Paved Parking
Utilities
- No Cooling
- Baseboard Heating
Listing and Financial Details
- Assessor Parcel Number 02 11 H09NW2B 005 025
Community Details
Building Details
- Insurance Expense $1,988
- Water Sewer Expense $1,983
- Operating Expense $9,354
- Gross Income $46,860
- Net Operating Income $37,506
Additional Features
- 3 Units
- Fire and Smoke Detector
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 9, 2023
Closed on
Jan 26, 2024
Sold by
26-28 W Broad St Bethlehem Llc
Bought by
Frances M Forgione Living Trust and Forgione
Seller's Agent
Jennifer de Jesus
Steel City Realty
Buyer's Agent
Aisha Smith
Coldwell Banker Hearthside
List Price
$425,000
Sold Price
$405,000
Premium/Discount to List
-$20,000
-4.71%
Total Days on Market
17
Views
14
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$47,175
Avg. Annual Appreciation
8.44%
Original Mortgage
$276,500
Outstanding Balance
$273,172
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$179,003
Purchase Details
Listed on
Sep 14, 2021
Closed on
Nov 10, 2021
Sold by
Montes Heriberto and Montes Myrta
Bought by
26 28 W Broad St Bethlehem Llc
Seller's Agent
Adriel Montes
EXP Realty LLC
Buyer's Agent
Jennifer de Jesus
Steel City Realty
List Price
$300,000
Sold Price
$265,000
Premium/Discount to List
-$35,000
-11.67%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.16%
Original Mortgage
$198,750
Interest Rate
3.01%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 8, 2020
Sold by
Washwell Falyaz E and Lakhi Fehmida
Bought by
Montes Heriberto and Montes Myrta
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
3.2%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 11, 2006
Sold by
Foster Edward R
Bought by
Washwell Faly Az E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,500
Interest Rate
6.53%
Mortgage Type
Commercial
Purchase Details
Closed on
Jul 25, 1985
Sold by
Miller Darryl G and Miller Sally A
Bought by
Turko Michael S and Turko Eleanor M
Purchase Details
Closed on
Feb 23, 1976
Bought by
Miller Darryl G and Miller Sally A
Similar Homes in Allentown, PA
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Frances M Forgione Living Trust | $405,000 | Steel Abstract | |
| 26 28 W Broad St Bethlehem Llc | $265,000 | Steel Abstract | |
| Montes Heriberto | $100,000 | First United Land Transfer I | |
| Washwell Faly Az E | $125,000 | None Available | |
| Turko Michael S | $35,000 | -- | |
| Miller Darryl G | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Frances M Forgione Living Trust | $276,500 | |
| Previous Owner | 26 28 W Broad St Bethlehem Llc | $198,750 | |
| Previous Owner | Montes Heriberto | $75,000 | |
| Previous Owner | Washwell Faly Az E | $112,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/26/2024 01/26/24 | Sold | $405,000 | -4.7% | $127 / Sq Ft |
| 11/26/2023 11/26/23 | Pending | -- | -- | -- |
| 11/09/2023 11/09/23 | For Sale | $425,000 | +60.4% | $134 / Sq Ft |
| 11/10/2021 11/10/21 | Sold | $265,000 | -11.7% | $83 / Sq Ft |
| 10/05/2021 10/05/21 | Pending | -- | -- | -- |
| 09/14/2021 09/14/21 | For Sale | $300,000 | -- | $94 / Sq Ft |
Source: Greater Lehigh Valley REALTORS®
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $5,047 | $155,500 | $12,900 | $142,600 |
| 2024 | $5,047 | $155,500 | $12,900 | $142,600 |
| 2023 | $5,047 | $155,500 | $12,900 | $142,600 |
| 2022 | $4,870 | $155,500 | $142,600 | $12,900 |
| 2021 | $4,773 | $155,500 | $12,900 | $142,600 |
| 2020 | $4,648 | $155,500 | $12,900 | $142,600 |
| 2019 | $4,573 | $155,500 | $12,900 | $142,600 |
| 2018 | $4,269 | $155,500 | $12,900 | $142,600 |
| 2017 | $4,160 | $155,500 | $12,900 | $142,600 |
| 2016 | -- | $155,500 | $12,900 | $142,600 |
| 2015 | -- | $155,500 | $12,900 | $142,600 |
| 2014 | -- | $155,500 | $12,900 | $142,600 |
Source: Public Records
Agents Affiliated with this Home
-
Jennifer de Jesus
Seller's Agent in 2024
Jennifer de Jesus
Steel City Realty
(610) 333-4250
145 in this area
441 Total Sales
-
Aisha Smith
A
Buyer's Agent in 2024
Aisha Smith
Coldwell Banker Hearthside
(610) 714-2118
19 in this area
73 Total Sales
-
A
Seller's Agent in 2021
Adriel Montes
EXP Realty LLC
Map
Source: Greater Lehigh Valley REALTORS®
MLS Number: 726584
APN: 549679461633-1
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Information is deemed reliable but not guaranteed.
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