T
Seller's Agent in 2018
Tejas Gosai
EXP Realty LLC
176 S 2nd St Lehighton, PA 18235
Estimated Value: $193,000 - $278,000
12
Beds
4
Baths
8,000
Sq Ft
$30/Sq Ft
Est. Value
Highlights
- Wood Flooring
- 10 Car Garage
- 3-minute walk to Lehighton Boro Park
- Balcony
About This Home
As of September 2018$37,800 INCOME, $28,902 PROFIT. *12%+ CAP RATE.* Turnkey cash flowing 4 unit asset with easy-to-add 1 unit. Three large rental units + 1 commercial storefront located in highly trafficked prime downtown location. Over 150k in upgrades and renovations to these buildings in the past few years. Zoned Commercial including newly renovated 3-6 bedroom apartment located on 2nd and 3rd floor of main building. *New floors, roof, gutters, paint. On lower level behind storefront - 3 bedroom apartment with patio and large backyard. To the rear of the property, a detached 3 bedroom apartment with 3 car garage. The 4th commercial unit is currently the storefront is being operated as a successful flower shop with a long-term lease. All deposits and executed leases. Top Rents due to condition and location. Immediate re-rent. Thousands in upgrades to exterior and interior. Upgraded utilities. Upgraded and remodelled units. Low upkeep.
Last Agent to Sell the Property
Tejas Gosai
EXP Realty LLC Listed on: 07/05/2018
Last Buyer's Agent
james reardon
EXP Realty LLC License #RS342638
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $3,549
Year Built
- Built in 1800
Lot Details
- 7,405
Parking
- 10 Car Garage
Home Design
- Shingle Siding
Interior Spaces
- 8,000 Sq Ft Home
- 2-Story Property
- Wood Flooring
Bedrooms and Bathrooms
- 12 Bedrooms
- 4 Full Bathrooms
Utilities
- Cooling System Mounted In Outer Wall Opening
- Heating System Uses Gas
- Heating System Uses Oil
- Cable TV Available
Additional Features
- Balcony
- 7,405 Sq Ft Lot
Listing and Financial Details
- Assessor Parcel Number 70A10-29-R32
Community Details
Overview
- 4 Units
Building Details
- Insurance Expense $2,200
- Maintenance Expense $750
- Water Sewer Expense $700
- Operating Expense $8,898
- Gross Income $37,800
- Net Operating Income $28,902
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 27, 2021
Sold by
Jim Thorpe Neighborhood Bank
Bought by
Ayoub James R and Ayoub Audrey
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Outstanding Balance
$111,258
Interest Rate
3%
Mortgage Type
Credit Line Revolving
Estimated Equity
$127,409
Purchase Details
Closed on
May 21, 2021
Sold by
Jim Thorpe Neighborhood Bank
Bought by
Ayoub James R and Ayoub Audrey
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Outstanding Balance
$111,258
Interest Rate
3%
Mortgage Type
Credit Line Revolving
Estimated Equity
$127,409
Purchase Details
Closed on
Feb 12, 2021
Sold by
Sorelle Llc
Bought by
Jim Thorpe Neighborhood Bank
Purchase Details
Listed on
Jul 5, 2018
Closed on
Sep 28, 2018
Sold by
Leiby Bruce H and Leiby Cindy L
Bought by
Sorelle Llc
Seller's Agent
Tejas Gosai
EXP Realty LLC
Buyer's Agent
james reardon
EXP Realty LLC
List Price
$240,000
Sold Price
$220,000
Premium/Discount to List
-$20,000
-8.33%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.14%
Original Mortgage
$165,000
Interest Rate
4.5%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 21, 2001
Bought by
Leiby Bruce H and Leiby Cindy L
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Ayoub James R | $160,000 | None Listed On Document | |
| Ayoub James R | $160,000 | None Available | |
| Jim Thorpe Neighborhood Bank | -- | None Available | |
| Sorelle Llc | $220,000 | None Available | |
| Leiby Bruce H | $95,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Ayoub James R | $135,000 | |
| Closed | Ayoub James R | $135,000 | |
| Previous Owner | Sorelle Llc | $165,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/28/2018 09/28/18 | Sold | $220,000 | -8.3% | $28 / Sq Ft |
| 07/19/2018 07/19/18 | Pending | -- | -- | -- |
| 07/05/2018 07/05/18 | For Sale | $240,000 | -- | $30 / Sq Ft |
Source: Greater Lehigh Valley REALTORS®
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $4,313 | $54,075 | $6,650 | $47,425 |
| 2024 | $4,097 | $54,075 | $6,650 | $47,425 |
| 2023 | $4,057 | $54,075 | $6,650 | $47,425 |
| 2022 | $4,057 | $54,075 | $6,650 | $47,425 |
| 2021 | $3,914 | $54,075 | $6,650 | $47,425 |
| 2020 | $3,819 | $54,075 | $6,650 | $47,425 |
| 2019 | $3,657 | $54,075 | $6,650 | $47,425 |
| 2018 | $3,576 | $54,075 | $6,650 | $47,425 |
| 2017 | $3,549 | $54,075 | $6,650 | $47,425 |
| 2016 | -- | $54,075 | $6,650 | $47,425 |
| 2015 | -- | $54,075 | $6,650 | $47,425 |
| 2014 | -- | $54,075 | $6,650 | $47,425 |
Source: Public Records
Agents Affiliated with this Home
-
-
Loren Keim
Seller Co-Listing Agent in 2018
Loren Keim
CENTURY 21 Keim Realtors
(610) 969-7200
473 Total Sales
-
j
Buyer's Agent in 2018
james reardon
EXP Realty LLC
Map
Source: Greater Lehigh Valley REALTORS®
MLS Number: 585038
APN: 70A10-29-R32
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