NOT LISTED FOR SALE
-- Bed
-- Bath
7,316 Sq Ft
3,920 Sq Ft Lot

Last Sold December 21, 2023

Last sale price $900,000 $123 Per Sq Ft

195 Days on Market

About This Home

As of December 2023

Fully occupied 7 unit building in West End Allentown. The property consists of 4 apartments and 3 commercial units. The commercial spaces are on long terms leases and are occupied by a pharmacy, barber shop and beauty salon. The apartments have all been updated recently and there are 2- 3 bedrooms and 2- 2 bedrooms. The building has central heat and air. Tenants pay for lawn/snow and all utilities. Landlord pays common electric, trash for a couple units, and gas for water heaters only. This is must see building and the Seller will provide a clear CO from the city of Allentown!

Last Agent to Sell the Property

Jennifer de Jesus

Steel City Realty License #RM423820 Listed on: 04/30/2023

Last Buyer's Agent

Christina Trabosci

IronValley RE of Lehigh Valley

IronValley RE of Lehigh Valley

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $13,644

Lot Details

  • Property is zoned R-M-Medium Density Residential

Parking

  • 1 Car Garage

Home Design

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

Utilities

  • No Cooling
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 549657833660 001

Community Details

Overview

  • 7 Units

Building Details

  • Electric Expense $520
  • Insurance Expense $6,300
  • Maintenance Expense $4,060
  • Manager Expense $5,075
  • Trash Expense $1,125
  • Operating Expense $32,230
  • Gross Income $101,507
  • Net Operating Income $69,277

Property Details

Property Type

Other

Est. Annual Taxes

$13,644

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Commercial, Mixed Use
  • County Assessment: 429300.00
  • Street Number Modifier: 135
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built Exception: Unknown
  • Special Features: None

Exterior Features

  • Construction: Brick

Garage/Parking

  • Parking: Garage
  • Parking Spaces: 1

Utilities

  • Cooling: No Air
  • Heat Type: Gas
  • Sewer: Public
  • Water: Public
  • Electric: 520
  • Gas: 1506
  • Insurance: 6300
  • Trash Removal: 1125

Condo/Co-op/Association

  • Maintenance Repair: 4060
  • Management: 5075

Fee Information

  • Operating Expense: 32230

Lot Info

  • Zoning Code: R-M-Medium Density Residential

Tax Info

  • Assessor Parcel Number: 549657833660 001
  • Total Taxes: 13644.40

Multi Family

  • Total Units: 7
  • Total Unit Count: 7

MLS Schools

  • School District: Allentown

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 List to Sale Price per Sq Ft
12/21/2023 12/21/23 Sold $900,000 -5.3% $123 / Sq Ft
11/09/2023 11/09/23 Pending -- -- --
07/13/2023 07/13/23 For Sale $950,000 0.0% $130 / Sq Ft
05/05/2023 05/05/23 Pending -- -- --
04/28/2023 04/28/23 For Sale $950,000 -- $130 / Sq Ft
Source: Greater Lehigh Valley REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 716549

Greater Lehigh Valley REALTORS®

APN: 549657833660-1