Seller's Agent in 2024
Jennifer de Jesus
Steel City Realty
(610) 333-4250
139 in this area
422 Total Sales
117 N Penn St Allentown, PA 18102
Center City NeighborhoodEstimated Value: $175,000 - $236,000
5
Beds
2
Baths
1,200
Sq Ft
$175/Sq Ft
Est. Value
About This Home
As of June 2024Attention savvy investors! Get ready to elevate your portfolio with this exceptional two-unit property located at 117.5 N Penn St in Allentown. Boasting a rare combination of a 1-bedroom and a 4-bedroom unit, this property promises diverse rental income streams. With a gross income of $27,000 and a net income of $23,252 annually, this investment is a true cash cow. Priced competitively at $230,000, and with the owner responsible for taxes, trash, and insurance, managing this property is a breeze. Tenants handle all other utilities, further enhancing your return. Situated in a prime location in Allentown, this property offers tremendous rental potential. Don't miss out on this golden opportunity to secure a lucrative investment with a strong cap rate for this area. Act now and make this income-generating asset yours today!
Last Buyer's Agent
Marianita Velez
Better Homes&Gardens RE Valley
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $2,548
Year Built
- Built in 1895
Lot Details
- 854 Sq Ft Lot
Home Design
- Brick Exterior Construction
Interior Spaces
- 1,200 Sq Ft Home
- 2.5-Story Property
Bedrooms and Bathrooms
- 5 Bedrooms
- 2 Full Bathrooms
Home Security
Utilities
- No Cooling
- Baseboard Heating
Listing and Financial Details
- Assessor Parcel Number 640721160538001
Community Details
Building Details
- Insurance Expense $1,200
- Operating Expense $3,748
- Gross Income $27,000
- Net Operating Income $23,252
Additional Features
- 2 Units
- Fire and Smoke Detector
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jul 31, 2020
Sold by
Reppert Greg
Bought by
Feliz Caonabo
Current Estimated Value
Purchase Details
Closed on
Mar 21, 2011
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Reppert Greg
Purchase Details
Closed on
Mar 1, 2011
Sold by
Rossi Sheriff Ronald W and Drangel Barry
Bought by
Federal Home Loan Mortgage Corporation
Purchase Details
Closed on
May 2, 2005
Sold by
Bromberg Ronald and Cameron Charles
Bought by
Drangel Barry
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$44,900
Interest Rate
6.01%
Mortgage Type
Fannie Mae Freddie Mac
Purchase Details
Closed on
Oct 1, 2003
Sold by
Smith Christopher S and Smith Cynthia M
Bought by
Lewis Michele L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Nov 8, 2000
Sold by
Fantauzzi Buennatura
Bought by
New Cen Home Equity Loan Trust
Purchase Details
Closed on
Sep 29, 1998
Sold by
Lewis David
Bought by
Fantauzzi Buenatura
Purchase Details
Closed on
May 20, 1998
Sold by
Balf Sandra
Bought by
Lewis David
Purchase Details
Closed on
May 19, 1998
Sold by
Federal National Mortgage Association
Bought by
Balf Sandra
Purchase Details
Closed on
Apr 14, 1998
Sold by
Feliciano Juan A and Feliciano Carmen R
Bought by
Federal National Mortgage Association
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Feliz Caonabo | $40,000 | Apex Abstract | |
| Reppert Greg | $20,500 | -- | |
| Federal Home Loan Mortgage Corporation | -- | -- | |
| Drangel Barry | $50,000 | -- | |
| Lewis Michele L | $50,000 | -- | |
| New Cen Home Equity Loan Trust | -- | -- | |
| Fantauzzi Buenatura | $56,000 | -- | |
| Lewis David | $25,000 | -- | |
| Balf Sandra | $15,000 | -- | |
| Federal National Mortgage Association | $23,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Drangel Barry | $44,900 | |
| Previous Owner | Lewis Michele L | $45,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/03/2024 06/03/24 | Sold | $230,000 | 0.0% | $192 / Sq Ft |
| 05/04/2024 05/04/24 | Pending | -- | -- | -- |
| 04/17/2024 04/17/24 | For Sale | $230,000 | 0.0% | $192 / Sq Ft |
| 03/02/2024 03/02/24 | Pending | -- | -- | -- |
| 02/28/2024 02/28/24 | For Sale | $230,000 | -- | $192 / 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 | $1,961 | $61,300 | $3,600 | $57,700 |
| 2024 | $1,961 | $61,300 | $3,600 | $57,700 |
| 2023 | $1,961 | $61,300 | $3,600 | $57,700 |
| 2022 | $1,892 | $61,300 | $57,700 | $3,600 |
| 2021 | $1,853 | $61,300 | $3,600 | $57,700 |
| 2020 | $1,804 | $61,300 | $3,600 | $57,700 |
| 2019 | $1,774 | $61,300 | $3,600 | $57,700 |
| 2018 | $1,660 | $61,300 | $3,600 | $57,700 |
| 2017 | $1,618 | $61,300 | $3,600 | $57,700 |
| 2016 | -- | $61,300 | $3,600 | $57,700 |
| 2015 | -- | $61,300 | $3,600 | $57,700 |
| 2014 | -- | $61,300 | $3,600 | $57,700 |
Source: Public Records
Agents Affiliated with this Home
-
Jennifer de Jesus
-
M
Buyer's Agent in 2024
Marianita Velez
Better Homes&Gardens RE Valley
Map
Source: Greater Lehigh Valley REALTORS®
MLS Number: 732484
APN: 640721161331-1
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.
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.
Nearby Homes
- 117 1/2 N Penn St Unit 1
- 117 1/2 N Penn St
- 117 N Penn St Unit 1
- 118 S Penn St
- 115 N Penn St
- 119 N Penn St
- 113 N Penn St
- 438 Chestnut St
- 111 N Penn St
- 436 Chestnut St
- 434 Chestnut St
- 125 N Penn St
- 125 N Penn St Unit 1
- 112 N Penn St
- 432 Chestnut St
- 127 N Penn St
- 127 N Penn St Unit 2
- 430 Chestnut St
- 428 Chestnut St
- 124 N Penn St