NOT LISTED FOR SALE
14 Beds
8 Baths
9,039 Sq Ft
0.44 Acres

Last Sold November 12, 2019

Last sale price $730,000 $81 Per Sq Ft

21 Days on Market

Highlights

  • 0.44 Acre Lot
  • Commercial or Retail Space
  • Baseboard Heating

About This Home

As of November 2019

INVESTOR ALERT! 8 Unit turn key investment package!!! 100% occupied and fully renovated within the last year! Current GRI $87,300 per year!!! There are 8 apartments and a 10 car parking lot included in this sale (2 parcels). The owner has completed a beautiful renovation to each unit including new kitchens, bathrooms, flooring, paint and heaters for Class A units. The tower has a video doorbell system for the occupants. There are motion activated common lights, new electric and new plumbing in the property as well. The owner installed a coin operated laundry for the tenants use too! There is opportunity to add at least one more unit to the lower level or rent it out for storage (currently empty). Gas service in the building. Landlord includes water, sewer, trash and snow removal in the rent. Tenants pay electric, gas and renters insurance. Owner will sell with Clear CO from the City of Allentown.

Last Agent to Sell the Property

Stephanie Salanik

Realty One Group Supreme License #AB068418 Listed on: 08/23/2019

Realty One Group Supreme

Last Buyer's Agent

Tejas Gosai

EXP Realty LLC

EXP Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,921

Year Built

  • Built in 1930

Lot Details

  • 0.44 Acre Lot
  • Lot Dimensions are 40x220

Home Design

  • Commercial or Retail Space
  • Brick Exterior Construction
  • Stucco Exterior

Interior Spaces

  • 9,039 Sq Ft Home
  • 4-Story Property
  • Fire and Smoke Detector

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 8 Full Bathrooms

Parking

  • 16 Parking Spaces
  • Paved Parking

Utilities

  • No Cooling
  • Baseboard Heating

Listing and Financial Details

  • Assessor Parcel Number 640762731555 001, 640762742174 001, 6407

Community Details

Overview

  • 8 Units

Building Details

  • Electric Expense $1,200
  • Insurance Expense $3,484
  • Trash Expense $1,500
  • Water Sewer Expense $2,061
  • Operating Expense $10,345
  • Gross Income $87,300
  • Net Operating Income $76,955

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,921

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Commercial
  • Technology: Smk Detector Battery
  • County Assessment: 434100.00
  • Stories: 4.0
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1930
  • Year Built Exception: Unknown
  • Special Features: None

Interior Features

  • Bathrooms: Modern
  • Bathrooms: 8
  • Full Bathrooms: 8
  • Bedrooms: 14
  • Square Footage: 9039

Exterior Features

  • Construction: Brick, Stucco

Garage/Parking

  • Parking: Paved Lot
  • Parking Spaces: 16

Utilities

  • Cooling: No Air
  • Heat Type: Baseboard, Electric
  • Sewer: Public
  • Water: Public
  • Electric: 1200
  • Insurance: 3484
  • Trash Removal: 1500
  • Water Sewer: 2061

Condo/Co-op/Association

  • Lawn Snow Removal: 1800

Fee Information

  • Operating Expense: 10345

Schools

  • School District: Allentown

Lot Info

  • Acres: 0.441
  • Lot Dimensions: 40x220
  • Lot Sq Ft: 19221
  • Zoning Code: B-3

Tax Info

  • Assessor Parcel Number: 640762731555 001, 640762742174 001, 6407
  • County Taxes: 3658.00
  • Municipal Taxes: 1580.00
  • Total Taxes: 13921.00

Multi Family

  • School Taxes: 8682.00
  • Total Units: 8
  • Total Unit Count: 8

Range of Values:

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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
11/12/2019 11/12/19 Sold $730,000 0.0% $81 / Sq Ft
11/11/2019 11/11/19 Price Changed $730,000 -21.9% $81 / Sq Ft
09/13/2019 09/13/19 Pending -- -- --
08/23/2019 08/23/19 For Sale $935,000 -- $103 / 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: 620657

Greater Lehigh Valley REALTORS®

APN: 640762731555-1