NOT LISTED FOR SALE

1138 Oak St Allentown, PA 18102

Center City Neighborhood
4 Beds
2 Baths
1,541 Sq Ft
1,498 Sq Ft Lot

Last Sold June 06, 2019

Last sale price $48,000 $31 Per Sq Ft

7 Days on Market

Highlights

  • Hot Water Heating System
  • Historic Home
  • Wall to Wall Carpet

About This Home

As of June 2019

Projected $24,600 Gross Income - $19,587 Net Profit - 15% CAP rate @ ARV of $130,000. The ARV (after repair value) is calculated with the current $60K asking price plus $70K over-estimated for the complete renovation equalling a total of $130K. Owners have begun work to renovate this 2 UNIT multi-family investment property conveniently positioned as a rowhome end-unit. This is your opportunity to acquire (2) two, 2BR, 1BA apartments under one roof in the burgeoning Allentown market with all utilities being separated including heat, electric, and hot water. This property also comes with two parking spots which can be rented for $75/mo/each. Commercial Tour this Sunday, May 19th from 1:00 PM - 3:00 PM where owners will take BEST AND FINAL OFFERS. MUST BE CASH, SOLD "AS IS." INVESTORS ONLY.

Last Agent to Sell the Property

Tejas Gosai

EXP Realty LLC Listed on: 05/12/2019

EXP Realty LLC

Co-Listed By

Loren Keim

CENTURY 21 Keim Realtors

Last Buyer's Agent

Tarrant Booker

CENTURY 21 Keim

Townhouse Details

Home Type

  • Townhome

Year Built

  • Built in 1888

Lot Details

  • 1,498 Sq Ft Lot
  • Lot Dimensions are 15x100
  • Historic Home

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,541 Sq Ft Home
  • 2.5-Story Property
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Parking Spaces
  • Unpaved Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Radiator
  • Hot Water Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 54977095690200001

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $663
  • Maintenance Expense $920
  • Manager Expense $1,000
  • Water Sewer Expense $730
  • Operating Expense $5,013
  • Gross Income $24,600
  • Net Operating Income $19,587

Townhouse Details

Home Type

Townhome

Year Built

Built in 1888

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Row-End Unit, Row/Townhouse, Semi Detached/Twin
  • County Assessment: 23700.00
  • Stories: 2.5
  • V O W Automated Valuation Dis: Yes
  • Year Built: 1888
  • Year Built Exception: Unknown
  • Special Features: None

Interior Features

  • Features: Historic, Wall-to-Wall Carpet
  • Bathrooms: 2
  • Full Bathrooms: 2
  • Bedrooms: 4
  • Square Footage: 1541

Exterior Features

  • Construction: Brick

Garage/Parking

  • Parking: Unpaved Lot
  • Parking Spaces: 2

Utilities

  • Cooling: Wall AC, Window AC
  • Heat Type: Gas, Hot Water, Radiator
  • Sewer: Public
  • Water: Public
  • Insurance: 663
  • Water Sewer: 730

Condo/Co-op/Association

  • Maintenance Repair: 920
  • Management: 1000

Fee Information

  • Operating Expense: 5013

Schools

  • School District: Allentown

Lot Info

  • Acres: 0.034
  • Lot Dimensions: 15x100
  • Lot Sq Ft: 1498
  • Zoning Code: R-Mh

Tax Info

  • Assessor Parcel Number: 54977095690200001
  • County Taxes: 209.30
  • Municipal Taxes: 357.19
  • Total Taxes: 1700.91

Multi Family

  • School Taxes: 1134.42
  • Total Units: 2
  • Total Unit Count: 4

Range of Values:

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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
06/06/2019 06/06/19 Sold $48,000 -20.0% $31 / Sq Ft
05/19/2019 05/19/19 Pending -- -- --
05/12/2019 05/12/19 For Sale $60,000 +53.8% $39 / Sq Ft
05/16/2018 05/16/18 Sold $39,000 0.0% $25 / Sq Ft
02/02/2018 02/02/18 Pending -- -- --
10/23/2017 10/23/17 For Sale $39,000 -- $25 / Sq Ft
Source: Greater Lehigh Valley REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Tejas Gosai

    Seller's Agent in 2019

    Tejas Gosai

    EXP Realty LLC

    (484) 866-2495

    Section Image
  • Loren Keim

    Seller Co-Listing Agent in 2019

    Loren Keim

    CENTURY 21 Keim Realtors

    (610) 969-7200

    13 in this area

    512 Total Sales

    Loren Keim
    Section Image

  • T

    Buyer's Agent in 2019

    Tarrant Booker

    CENTURY 21 Keim

  • Nancy Schell

    Seller's Agent in 2018

    Nancy Schell

    RE/MAX

    (610) 597-7147

    Section Image
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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 610670

Greater Lehigh Valley REALTORS®

APN: 549770956902-1

Pennsylvania Lehigh County Allentown 18102 Center City

1138 Oak St, Allentown, PA

This home is located at 1138 Oak St, Allentown, PA 18102 since 12 May 2019. This property was built in 1888. 1138 Oak St is a home located in Lehigh County with nearby schools including Francis D Raub Middle School, William Allen High School, and Arts Academy Elementary Charter 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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