122 N Franklin St Allentown, PA 18102
Center City Neighborhood
4
Beds
2
Baths
1,734
Sq Ft
1,830
Sq Ft Lot
About This Home
As of November 2024Fantastic Allentown 2 unit near West Park - - **Property Type**: 2-unit building in Allentown.- **Rental Income**: Gross income of $29,856 and net income of $20,243.- **Recently renovated 3-bedroom unit in excellent move-in condition and 1 bed 1 bath unit has had cosmetic upgrades in the last 2 years as well.- **Interior Features**: - Ceramic tiled kitchen and bathroom. - Spacious rooms with replacement windows. - Laminate floors for durability.- **Utilities**: Separate gas, forced air heating systems.- **Outdoor Features**: Private, fenced backyard.- **Roof**: Newer rubber roof.- **Investment Metrics**: - Cap rate over 8%. - Debt coverage ratio (DCR) over 1.35%.Perfect turn key 2 unit with cashflow or a great "House Hack" opportunity to live in one unit and hedge out your mortgage with the rental income on the other unit. Do not wait on this property!
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $4,141
Year Built
- Built in 1905
Parking
- 2 Parking Spaces
Home Design
- 1,734 Sq Ft Home
- Converted Dwelling
- Brick Exterior Construction
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Utilities
- Window Unit Cooling System
- Forced Air Heating System
- Heating System Uses Gas
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 549669458022001
Community Details
Overview
- 2 Units
Building Details
- Electric Expense $600
- Insurance Expense $1,000
- Maintenance Expense $1,492
- Other Expense $250
- Water Sewer Expense $1,800
- Operating Expense $9,613
- Gross Income $29,856
- Net Operating Income $20,243
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 12, 2012
Closed on
Aug 8, 2012
Sold by
Federal National Mortgage Association
Bought by
Francois James
Seller's Agent
Dale Kessler
Realty 365
Buyer's Agent
Denise Francois
HomeSnipe Real Estate, LLC
List Price
$42,000
Sold Price
$51,000
Premium/Discount to List
$9,000
21.43%
Total Days on Market
8
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
$202,329
Avg. Annual Appreciation
13.32%
Original Mortgage
$36,400
Interest Rate
3.61%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 12, 2011
Sold by
Rossi Sheriff Ronald W and Santos Efrain
Bought by
Federal National Mortgage Association
Purchase Details
Closed on
Nov 21, 2006
Sold by
Dimaio Ralph R
Bought by
Santos Efrain and Baez Yanet
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,920
Interest Rate
6.4%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jan 27, 2006
Sold by
Matus Vicky A and Kassis Vicky A
Bought by
Dimaio Ralph R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,390
Interest Rate
6.23%
Mortgage Type
Fannie Mae Freddie Mac
Purchase Details
Closed on
Jan 7, 2004
Sold by
Henninger Tina M
Bought by
Henninger Michael and Henninger Tina M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,200
Interest Rate
5.98%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 29, 2001
Sold by
Wylie John S and Hewerton Russell J
Bought by
Henninger Tina M
Purchase Details
Closed on
Jun 14, 2000
Sold by
122 N Franklin Street Land Trust
Bought by
Matus Vicky A
Similar Homes in Allentown, PA
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $51,000 | -- | |
| Sheriffs Deed | -- | -- | |
| Deed | $116,725 | None Available | |
| Deed | $107,100 | None Available | |
| Interfamily Deed Transfer | -- | -- | |
| Deed | $60,000 | -- | |
| Executors Deed | $67,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $56,250 | New Conventional | |
| Closed | $36,400 | Purchase Money Mortgage | |
| Closed | $36,400 | New Conventional | |
| Previous Owner | $103,920 | Purchase Money Mortgage | |
| Previous Owner | $116,725 | Purchase Money Mortgage | |
| Previous Owner | $96,390 | Fannie Mae Freddie Mac | |
| Previous Owner | $67,200 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/08/2024 11/08/24 | Sold | $255,000 | +2.0% | $147 / Sq Ft |
| 10/04/2024 10/04/24 | Pending | -- | -- | -- |
| 09/26/2024 09/26/24 | For Sale | $250,000 | +25.0% | $144 / Sq Ft |
| 05/14/2021 05/14/21 | Sold | $200,000 | +0.1% | $115 / Sq Ft |
| 04/07/2021 04/07/21 | Pending | -- | -- | -- |
| 03/30/2021 03/30/21 | For Sale | $199,900 | 0.0% | $115 / Sq Ft |
| 03/16/2019 03/16/19 | Rented | $1,200 | 0.0% | -- |
| 02/27/2019 02/27/19 | Under Contract | -- | -- | -- |
| 02/22/2019 02/22/19 | For Rent | $1,200 | +9.1% | -- |
| 02/27/2017 02/27/17 | Rented | $1,100 | 0.0% | -- |
| 02/27/2017 02/27/17 | Under Contract | -- | -- | -- |
| 02/09/2017 02/09/17 | For Rent | $1,100 | 0.0% | -- |
| 02/01/2014 02/01/14 | Rented | $1,100 | 0.0% | -- |
| 12/21/2013 12/21/13 | Under Contract | -- | -- | -- |
| 12/06/2013 12/06/13 | For Rent | $1,100 | 0.0% | -- |
| 08/10/2012 08/10/12 | Sold | $51,000 | +21.4% | $29 / Sq Ft |
| 07/03/2012 07/03/12 | Pending | -- | -- | -- |
| 06/12/2012 06/12/12 | For Sale | $42,000 | -- | $24 / 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 | $2,894 | $89,700 | $6,500 | $83,200 |
| 2024 | $2,894 | $89,700 | $6,500 | $83,200 |
| 2023 | $2,894 | $89,700 | $6,500 | $83,200 |
| 2022 | $2,791 | $89,700 | $83,200 | $6,500 |
| 2021 | $2,735 | $89,700 | $6,500 | $83,200 |
| 2020 | $2,663 | $89,700 | $6,500 | $83,200 |
| 2019 | $2,620 | $89,700 | $6,500 | $83,200 |
| 2018 | $2,448 | $89,700 | $6,500 | $83,200 |
| 2017 | $2,386 | $89,700 | $6,500 | $83,200 |
| 2016 | -- | $89,700 | $6,500 | $83,200 |
| 2015 | -- | $89,700 | $6,500 | $83,200 |
| 2014 | -- | $89,700 | $6,500 | $83,200 |
Source: Public Records
Agents Affiliated with this Home
-
Frank Rinaldi
Seller's Agent in 2024
Frank Rinaldi
CENTURY 21 Pinnacle
(484) 788-8682
8 in this area
216 Total Sales
-
Jesse Moyer
Buyer's Agent in 2024
Jesse Moyer
IronValley RE of Lehigh Valley
(610) 737-7030
10 in this area
118 Total Sales
-
Gary Elbert
G
Seller's Agent in 2021
Gary Elbert
Bellman & Radcliff
(610) 393-1801
35 in this area
121 Total Sales
-
Evelyn Martinez
E
Seller Co-Listing Agent in 2021
Evelyn Martinez
Bellman & Radcliff
(484) 951-5846
23 in this area
77 Total Sales
-
Ronald Bowser
Buyer's Agent in 2021
Ronald Bowser
Steel City Realty
(484) 895-9005
29 in this area
85 Total Sales
-
James Francois
Seller's Agent in 2019
James Francois
HomeSnipe Real Estate, LLC
(484) 664-2828
7 in this area
32 Total Sales
Map
Source: Greater Lehigh Valley REALTORS®
MLS Number: 745870
APN: 549669448888-1
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