$245,000
SOLD MAY 22, 2020
4 Beds
4 Baths
2,811 Sq Ft
2,409 Sq Ft Lot

Recently Sold

$87 Per Sq Ft

2% Below List Price

53 Days on Market

Highlights

  • Wood Flooring
  • Baseboard Heating
  • Historic Home

About This Home

As of March 2023

This is your chance to own a FULLY OCCUPIED 4 UNIT Investment Property in the Old Historic District of Allentown, just steps away from the PPL Center and the revitalization in downtown Allentown! Perfect for new investor to be owner occupant or to add to your portfolio. The Monthly rental income is $2885 . This is a turnkey operation with (4) ONE bedroom apartments. Old world charm throughout with hardwood detail, wall to wall carpeting, very large eat in kitchens. Schedule your appointment today!

Last Agent to Sell the Property

Melissa Sterner

Keller Williams Allentown Listed on: 02/10/2020

Last Buyer's Agent

Joyce Klingener

HowardHanna TheFrederickGroup

HowardHanna TheFrederickGroup

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $4,172

Year Built

  • Built in 1905

Lot Details

  • 2,409 Sq Ft Lot
  • Lot Dimensions are 21.5 x 112
  • Historic Home

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2,811 Sq Ft Home
  • 3-Story Property

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Home Security

  • Fire and Smoke Detector
  • Fire Escape

Utilities

  • No Cooling
  • Baseboard Heating
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 640701214823 001

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $450
  • Insurance Expense $1,700
  • Maintenance Expense $3,500
  • Manager Expense $2,770
  • Other Expense $1,980
  • Operating Expense $14,000
  • Gross Income $34,620
  • Net Operating Income $20,620

Property Details

Home Type

Apartment

Est. Annual Taxes

$4,172

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Apartment Style
  • Technology: Cable, Smk Detector Battery
  • County Assessment: 142500.00
  • Stories: 3.0
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1905
  • Year Built Exception: Unknown
  • Special Features: None

Interior Features

  • Features: Fire Escape, Hardwood, Historic, Wall-to-Wall Carpet
  • Bathrooms: Semi Modern
  • Bathrooms: 4
  • Full Bathrooms: 4
  • Bedrooms: 4
  • Square Footage: 2811

Exterior Features

  • Construction: Brick

Utilities

  • Cooling: No Air
  • Heat Type: Baseboard, Electric
  • Sewer: Public
  • Water: Public
  • Electric: 450
  • Insurance: 1700

Condo/Co-op/Association

  • Maintenance Repair: 3500
  • Management: 2770

Fee Information

  • Operating Expense: 14000

Schools

  • School District: Allentown

Lot Info

  • Acres: 0.055
  • Lot Dimensions: 21.5 x 112
  • Lot Sq Ft: 2409
  • Zoning Code: B-2

Rental Info

  • Other Expenses: 1980

Tax Info

  • Assessor Parcel Number: 640701214823 001
  • County Taxes: 518.70
  • Municipal Taxes: 792.00
  • Total Taxes: 4172.00

Multi Family

  • School Taxes: 2860.00
  • Total Units: 4
  • Total Unit Count: 4

Range of Values:

Collateral Analytics

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ICE

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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 Change Sq Ft Price
03/07/2023 03/07/23 Sold $350,000 +16.7% $125 / Sq Ft
01/22/2023 01/22/23 Pending -- -- --
01/19/2023 01/19/23 For Sale $299,900 +22.4% $107 / Sq Ft
05/22/2020 05/22/20 Sold $245,000 -2.0% $87 / Sq Ft
04/03/2020 04/03/20 Pending -- -- --
03/25/2020 03/25/20 For Sale $250,000 0.0% $89 / Sq Ft
02/19/2020 02/19/20 Pending -- -- --
02/10/2020 02/10/20 For Sale $250,000 +34.0% $89 / Sq Ft
06/15/2018 06/15/18 Sold $186,500 -11.2% $66 / Sq Ft
05/13/2018 05/13/18 Pending -- -- --
04/19/2018 04/19/18 For Sale $210,000 +40.0% $75 / Sq Ft
01/27/2017 01/27/17 Sold $150,000 -3.2% $53 / Sq Ft
12/01/2016 12/01/16 Pending -- -- --
06/01/2016 06/01/16 For Sale $155,000 -- $55 / 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: 632494

Greater Lehigh Valley REALTORS®

APN: 640701214823-1