NOT LISTED FOR SALE
4 Beds
2 Baths
3,549 Sq Ft
4,678 Sq Ft Lot

Last Sold July 12, 2024

Last sale price $414,000 $117 Per Sq Ft

6 Days on Market

About This Home

As of July 2024

Experience the timeless allure of Old Historic Allentown with this captivating 2-Unit Investment Property. Built with sturdy brick construction, this gem exudes charm and character with endless income potential. Great opportunity to live-in one unit and rent the other likes its current owners. Unit 1- Offers a cozy yet adaptable layout with 1200 square feet, 1 bedroom and 1 bath and option to add a 2nd Bedroom. Unit 2- Boasts an expansive 4 Bedroom, 1 Bath haven spanning over 2300 square feet. Recent upgrades include NEW ROOF (2023), upgrade flooring and 3 large skylight windows flooding the living room with natural light. Both units feature in-unit laundry facilities and updated kitchens. Unit 2 offers an additional office room and Florida Room for getaway space. Step outside and you'll find an enormous backyard- a rare find in the heart of Historic Downtown- perfect for leisurely gatherings or potential landscaping projects. Property also includes a 4 Car Garage for additional income opportunities, this property is primed for lucrative returns, with an estimated income potential exceeding $37,000/year after your expenses. This is a great opportunity to own something within 5 minute walking distance to PPL Center and other dining and entertainment options. Don't miss out on this exceptional investment opportunity!

Last Agent to Sell the Property

Jarred Cury

IronValley RE of Lehigh Valley Listed on: 05/16/2024

IronValley RE of Lehigh Valley

Last Buyer's Agent

Jarred Cury

IronValley RE of Lehigh Valley Listed on: 05/16/2024

IronValley RE of Lehigh Valley

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $4,046

Year Built

  • Built in 1875

Lot Details

  • 4,678 Sq Ft Lot

Parking

  • 4 Parking Spaces

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 3,549 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 549791546238 001

Community Details

Overview

  • 2 Units
  • Old Allentn Historic Subdivision

Building Details

  • Insurance Expense $1,500
  • Trash Expense $750
  • Water Sewer Expense $1,100
  • Operating Expense $7,396
  • Gross Income $44,400
  • Net Operating Income $37,003

Property Details

Home Type

Apartment

Est. Annual Taxes

$4,046

Year Built

Built in 1875

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Apartment Style
  • County Assessment: 123700.00
  • Stories: 3.0
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1875
  • Year Built Exception: Unknown
  • Adult Comm55 Over Y N: No
  • Special Features: None

Interior Features

  • Square Footage: 3549

Exterior Features

  • Construction: Brick

Garage/Parking

  • Parking Spaces: 4

Utilities

  • Cooling: Ceiling Fans, Window ACs
  • Heat Type: Gas, Radiant, Radiator
  • Sewer: Public
  • Water: Public
  • Insurance: 1500
  • Trash Removal: 750
  • Water Sewer: 1100

Fee Information

  • Operating Expense: 7396

Schools

  • School District: Allentown

Lot Info

  • Acres: 0.107
  • Lot Sq Ft: 4678
  • Zoning Code: R-Mh-Medium High Density Residential

Tax Info

  • Assessor Parcel Number: 549791546238 001
  • County Taxes: 467.59
  • Municipal Taxes: 777.92
  • Total Taxes: 4046.47

Multi Family

  • School Taxes: 2800.96
  • Total Units: 2
  • Total Unit Count: 6

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
07/12/2024 07/12/24 Sold $414,000 +1.0% $117 / Sq Ft
05/22/2024 05/22/24 Pending -- -- --
05/16/2024 05/16/24 For Sale $409,999 -- $116 / 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: 738025

Greater Lehigh Valley REALTORS®

APN: 549791546238-1