NOT LISTED FOR SALE
-- Bed
-- Bath
-- Sq Ft
1940 Built

Last Sold July 18, 2018

Last sale price $1,600,000

58 Days on Market

Highlights

  • Wood Flooring
  • 12 Car Garage
  • Heating System Uses Steam

About This Home

As of July 2018

On behalf of ownership, Rittenhouse Realty Advisors extends to qualified investors the opportunity to acquire the fee simple interest in Julian Court Apartments, a 20-unit apartment property situated on the border of the highly sought-after West End District of Allentown. Built in 1940, Julian Court Apartments is a luxurious, vintage, four-story apartment building that boasts a classic style and historic feel. The property consists of (2) studios, (15) one-bedroom, and (3) two-bedroom units. Every apartment offers spacious floor plans with great natural light. Heat and hot water are included in the rent, while electric and cooking gas are separately metered and paid for by the tenant. The building features a brick exterior and a flat roof. Also included is a coin operated laundry facility, (4) garages and (8) off-street parking spaces which are rented out by the landlord.

Last Listed By

Luke DeLuca

Rittenhouse Realty Advisors Listed on: 11/13/2017

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1940

Parking

  • 12 Car Garage

Home Design

  • Brick Exterior Construction

Flooring

  • Wood Flooring

Utilities

  • Window Unit Cooling System
  • Radiator
  • Heating System Uses Steam
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 549667674273-1

Community Details

Overview

  • 20 Units
  • Union Terrace Subdivision

Building Details

  • Electric Expense $3,323
  • Insurance Expense $5,230
  • Maintenance Expense $5,167
  • Manager Expense $9,434
  • Trash Expense $995
  • Water Sewer Expense $3,879
  • Operating Expense $53,895
  • Gross Income $203,245
  • Net Operating Income $149,350

Property Details

Home Type

Apartment

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Apartment Style
  • County Assessment: 806800.00
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1940
  • Year Built Exception: Unknown
  • Special Features: None

Interior Features

  • Features: Fire Escape, Hardwood

Exterior Features

  • Construction: Brick

Garage/Parking

  • Parking: Garage, Paved Lot
  • Parking Spaces: 12

Utilities

  • Cooling: Window AC
  • Heat Type: Gas, Radiator, Steam
  • Sewer: Public
  • Water: Public
  • Electric: 3323
  • Gas: 13418
  • Insurance: 5230
  • Trash Removal: 995
  • Water Sewer: 3879

Condo/Co-op/Association

  • Lawn Snow Removal: 2000
  • Maintenance Repair: 5167
  • Management: 9434

Fee Information

  • Operating Expense: 53895

Schools

  • School District: Allentown

Lot Info

  • Zoning Code: R-M

Tax Info

  • Assessor Parcel Number: 549667674273-1

Multi Family

  • Total Units: 20

MLS Schools

  • School District: Allentown

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
07/18/2018 07/18/18 Sold $1,600,000 -3.0% --
01/10/2018 01/10/18 Pending -- -- --
11/13/2017 11/13/17 For Sale $1,650,000 -- --
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: 565729

Greater Lehigh Valley REALTORS®