Seller's Agent in 2024
Anthony Ramos
Century 21 Ramos Realty
(484) 695-4887
17 in this area
197 Total Sales
18 N Madison St Allentown, PA 18102
Center City Neighborhood
5
Beds
3
Baths
2,474
Sq Ft
2,474
Sq Ft Lot
About This Home
As of October 20243-Unit Investment Property in Allentown This all-brick, well-maintained building is a prime investment opportunity, ready for its new owner to start generating cash flow. The property features three units: **Unit 1**: A spacious 2-bedroom, 1-bath apartment located on the first floor. This unit has been updated with modern flooring and a renovated kitchen. It also has direct access to the basement, which includes laundry facilities and a walkout to the backyard. **Unit 2**: Situated on the second floor, this unit offers 2 bedrooms, 1 bath, and a large kitchen. Tenants will also enjoy access to a private balcony. **Unit 3**: On the third floor, you'll find a cozy 1-bedroom, 1-bath apartment. This unit includes a living room and an additional small room, perfect for an office or extra storage. Whether you're an experienced investor or just starting, this property is a solid choice for generating rental income. With all units in good condition and rented, it's ready for immediate occupancy and steady cash flow.
Last Agent to Sell the Property
Century 21 Ramos Realty License #RM425965 Listed on: 09/03/2024
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $3,625
Year Built
- Built in 1905
Lot Details
- 2,474 Sq Ft Lot
Home Design
- Semi-Detached or Twin Home
- Brick Exterior Construction
Interior Spaces
- 2,474 Sq Ft Home
- 3-Story Property
- Washer and Dryer Hookup
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Full Bathrooms
Home Security
Utilities
- No Cooling
- Radiator
- Hot Water Heating System
- Heating System Uses Gas
Listing and Financial Details
- Assessor Parcel Number 549679310604 001
Community Details
Building Details
- Insurance Expense $1,245
- Maintenance Expense $936
- Operating Expense $5,672
- Gross Income $32,340
- Net Operating Income $26,668
Additional Features
- 3 Units
- Fire Escape
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/30/2024 10/30/24 | Sold | $360,000 | -4.0% | $146 / Sq Ft |
| 10/15/2024 10/15/24 | Pending | -- | -- | -- |
| 09/03/2024 09/03/24 | For Sale | $375,000 | -- | $152 / Sq Ft |
Source: Greater Lehigh Valley REALTORS®
Tax History Compared to Growth
Agents Affiliated with this Home
-
Anthony Ramos
Map
Source: Greater Lehigh Valley REALTORS®
MLS Number: 744479
APN: 549679310604-1
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