NOT LISTED FOR SALE

113 S 8th St Unit 111 Allentown, PA 18101

Center City Neighborhood
7 Beds
4 Baths
-- Sq Ft
1900 Built

Last Sold April 19, 2024

Last sale price $432,000

27 Days on Market

Highlights

  • Commercial or Retail Space
  • Baseboard Heating
  • 3-minute walk to Jackson Street Park

About This Home

As of April 2024

ATTENTION INVESTORS- Looking for a VALUE ADD OPPORTUNITY??...Welcome to 111-113 S 8th Street! FOUR UNIT Commercial Mixed Use located in a prime location of Center City with lots of new development. New gas water heaters and new roof replaced in 2021 on one side of the building. Three of the Four Units are fully occupied with leases in place. First floor one bedroom unit has been completely renovated in 2023 and rents for $1020. Commercial store rents for $1480 and has a lease with 10% increases per year til 2026.Business is not included with the sale.Three bedroom unit above the store rents below market rent at $985 -projected rent should be $1395. Second floor four bedroom unit is vacant and needs renovation since last tenant moved out. Seller has priced building accordingly. Buyer will be responsible for the City of Allentown CO and building is being sold "as is". Note: Property includes both 111 and 113 S 8th which are on separate deeds but are being sold together.

Last Agent to Sell the Property

Kristine McCreary-Williams

Full CircleRealty&PropertyMgmt License #RS334286 Listed on: 02/22/2024

Last Buyer's Agent

Kevin Azar

RE/MAX Real Estate

RE/MAX Real Estate

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $6,911

Year Built

  • Built in 1900

Parking

  • 2 Parking Spaces

Home Design

  • Commercial or Retail Space
  • Mixed Use
  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Full Bathrooms

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Radiant Heating System
  • Baseboard Heating

Listing and Financial Details

  • Assessor Parcel Number 640609858723 001

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $375
  • Insurance Expense $2,000
  • Maintenance Expense $1,000
  • Trash Expense $1,000
  • Water Sewer Expense $1,800
  • Operating Expense $13,486
  • Gross Income $59,760
  • Net Operating Income $46,274

Property Details

Home Type

Apartment

Est. Annual Taxes

$6,911

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Apartment Style, Commercial, Mixed Use
  • County Assessment: 209800.00
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1900
  • Year Built Exception: Unknown
  • Adult Comm55 Over Y N: No
  • Special Features: None

Interior Features

  • Bathrooms: 4
  • Full Bathrooms: 4
  • Bedrooms: 7

Exterior Features

  • Construction: Brick

Garage/Parking

  • Parking Spaces: 2

Utilities

  • Cooling: No Air
  • Heat Type: Baseboard, Electric, Gas, Radiant
  • Sewer: Public
  • Water: Public
  • Electric: 375
  • Insurance: 2000
  • Trash Removal: 1000
  • Water Sewer: 1800

Condo/Co-op/Association

  • Lawn Snow Removal: 400
  • Maintenance Repair: 1000

Association/Amenities

  • Unit: 111

Fee Information

  • Operating Expense: 13486

Schools

  • School District: Allentown

Lot Info

  • Zoning Code: R-H-High Density Residential

Tax Info

  • Assessor Parcel Number: 640609858723 001
  • Total Taxes: 6911.02

Multi Family

  • Total Units: 4
  • Total Unit Count: 4

MLS Schools

  • School District: Allentown

Range of Values:

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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
04/19/2024 04/19/24 Sold $432,000 -7.6% --
03/20/2024 03/20/24 Pending -- -- --
02/22/2024 02/22/24 For Sale $467,500 -- --
Source: Greater Lehigh Valley REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Kristine McCreary-Williams

    Seller's Agent in 2024

    Kristine McCreary-Williams

    Full CircleRealty&PropertyMgmt

    (610) 762-8995

    61 in this area

    171 Total Sales

    Kristine McCreary-Williams
    Section Image

  • K

    Buyer's Agent in 2024

    Kevin Azar

    RE/MAX

    (610) 751-7046

    5 in this area

    29 Total Sales

    Kevin Azar
    Section Image
See All Agents

Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 733206

Greater Lehigh Valley REALTORS®

APN: 640609858723-1

Pennsylvania Lehigh County Allentown 18101 Center City

113 S 8th St Unit 111, Allentown, PA

This home is located at 113 S 8th St Unit 111, Allentown, PA 18101 since 22 February 2024. This property was built in 1900. 113 S 8th St Unit 111 is a home located in Lehigh County with nearby schools including Jefferson 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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