Seller's Agent in 2019
Carrie Ward
HowardHanna TheFrederickGroup
(610) 398-0411
4 in this area
60 Total Sales
1318 W Chew St Allentown, PA 18102
Center City Neighborhood
--
Bed
--
Bath
10,839
Sq Ft
3,920
Sq Ft Lot
Highlights
- Commercial or Retail Space
- Heating System Uses Gas
- 2-minute walk to Franklin Park
About This Home
As of May 2019A great opportunity to purchase in two clean, well maintained, fully occupied investment properties on a single deed in Allentown near Franklin Park. The 1318 address is a three-story home with 4 bedrooms and 2 full baths. The 1320 address is a three-story multi-unit building with a commercial space on the first floor and two very large 4 / 5 bedroom apartments on the second and third floors, each with 2 full baths. The commercial space is currently leased as storage space by a business owner. The home and apartments are in continuous demand and one unit was completely remodeled in 2018. The home is electric heat, and the apartments are gas heat. Tenants pay utilities. Priced at an 8% CAP Rate based on currently rents and expenses. All rents are below market for this area and the size of the units. Call for your showing today.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1900
Lot Details
- 3,920
Home Design
- Duplex
- Commercial or Retail Space
- Brick Exterior Construction
Interior Spaces
- 10,839 Sq Ft Home
- 3-Story Property
- Fire and Smoke Detector
Utilities
- No Cooling
- Heating System Uses Gas
Listing and Financial Details
- Assessor Parcel Number 549760946537001
Community Details
Overview
- 4 Units
Building Details
- Electric Expense $200
- Insurance Expense $1,200
- Maintenance Expense $1,000
- Other Expense $500
- Trash Expense $750
- Water Sewer Expense $1,200
- Operating Expense $13,308
- Gross Income $41,700
- Net Operating Income $25,056
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/08/2019 05/08/19 | Sold | $292,000 | -7.3% | $27 / Sq Ft |
| 03/17/2019 03/17/19 | Pending | -- | -- | -- |
| 03/03/2019 03/03/19 | For Sale | $315,000 | -- | $29 / Sq Ft |
Source: Greater Lehigh Valley REALTORS®
Tax History Compared to Growth
Agents Affiliated with this Home
-
Carrie Ward
-
nonmember nonmember
n
Buyer's Agent in 2019
nonmember nonmember
NON MBR Office
69 in this area
6,344 Total Sales
Map
Source: Greater Lehigh Valley REALTORS®
MLS Number: 603754
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