$275,000
SOLD SEP 19, 2014
9 Beds
6 Baths
4,472 Sq Ft
8,712 Sq Ft Lot

Recently Sold

$61 Per Sq Ft

21% Below List Price

112 Days on Market

About This Home

As of October 2016

6 UNIT Brick apartment building in south Allentown. 3 two bedroom units and 3 one bedroom units, all fully occupied. A lot of new windows have been put in over the last couple years, All new 2nd floor Patios that were replaced a couple years ago. This is a great opportunity to own a great income producing property

Last Agent to Sell the Property

Eric Rothenberger

Better Homes&Gardens RE Valley Listed on: 04/04/2014

Better Homes&Gardens RE Valley

Last Buyer's Agent

Tim George

CENTURY 21 Pinnacle

CENTURY 21 Pinnacle

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1976

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 4,472 Sq Ft Home
  • 2-Story Property
  • Fire and Smoke Detector

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 6 Full Bathrooms

Parking

  • 8 Parking Spaces
  • Paved Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Internet Available
  • Satellite Dish
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 640676085903001

Community Details

Overview

  • 6 Units

Building Details

  • Insurance Expense $2,000
  • Maintenance Expense $2,500
  • Water Sewer Expense $2,500
  • Operating Expense $8,405
  • Gross Income $45,000
  • Net Operating Income $29,248

Property Details

Home Type

Apartment

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Apartment Style
  • Technology: Cable, DSL, Satellite, Smk Detector Battery, Smoke Detector Wired
  • County Assessment: 319800.00
  • Stories: 2.0
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1976
  • Special Features: None

Interior Features

  • Bathrooms: Semi Modern
  • Bathrooms: 6
  • Full Bathrooms: 6
  • Bedrooms: 9
  • Square Footage: 4472

Exterior Features

  • Construction: Brick

Garage/Parking

  • Parking: Paved Lot
  • Parking Spaces: 8

Utilities

  • Cooling: Wall AC
  • Heat Type: Baseboard, Electric
  • Sewer: Public
  • Water: Public
  • Insurance: 2000
  • Water Sewer: 2500

Condo/Co-op/Association

  • Lawn Snow Removal: 350
  • Maintenance Repair: 2500

Fee Information

  • Operating Expense: 8405

Schools

  • School District: Allentown

Lot Info

  • Zoning Code: R-M-Medium Density Residential

Tax Info

  • Assessor Parcel Number: 640676085903001
  • County Taxes: 1212.04
  • Municipal Taxes: 1655.95
  • Total Taxes: 8405.36

Multi Family

  • School Taxes: 5537.66
  • Total Units: 6
  • Total Unit Count: 6

MLS Schools

  • School District: Allentown

Range of Values:

Collateral Analytics

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ICE

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Average Value
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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
10/05/2016 10/05/16 Sold $485,000 -7.6% $108 / Sq Ft
07/25/2016 07/25/16 Pending -- -- --
06/20/2016 06/20/16 For Sale $525,000 +90.9% $117 / Sq Ft
09/19/2014 09/19/14 Sold $275,000 -21.4% $61 / Sq Ft
07/25/2014 07/25/14 Pending -- -- --
04/04/2014 04/04/14 For Sale $349,900 0.0% $78 / Sq Ft
06/26/2012 06/26/12 Rented $500 0.0% --
06/20/2012 06/20/12 Under Contract -- -- --
06/20/2012 06/20/12 For Rent $500 -- --
Source: Greater Lehigh Valley REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 469250

Greater Lehigh Valley REALTORS®

APN: 640676085903-1