NOT LISTED FOR SALE

24 S 8th St Allentown, PA 18101

Center City Neighborhood
-- Bed
-- Bath
8,100 Sq Ft
2,701 Sq Ft Lot

Last Sold March 26, 2020

Last sale price $1,200,000 $148 Per Sq Ft

10 Days on Market

Highlights

  • Commercial or Retail Space
  • Heat Pump System
  • 4-minute walk to Valania Park
  • Central Air

About This Home

As of March 2020

*CALLING FOR HIGHEST & BEST BY 10:00AM 2/6/2020* TURN-KEY, CLASS A COMMERCIAL PROPERTY IN HEART OF ALLENTOWN BUSINESS DISTRICT. 8 unit building consists of 7 luxury apartment units and 1 commercial space with long term lease. Stunning NY Style apartments feature central a/c, washer/dryer, exposed brick walls, wood flooring, modern kitchen with stainless steel appliances, granite countertops, and high ceilings. Five 2-bedroom units, Two 1-bedroom units, and commercial space are fully occupied with year+ leases. The proximity to entertainment, public transportation, & other Downtown Businesses makes this location highly desirable for both investors and tenants.

Last Agent to Sell the Property

Jennifer de Jesus

Steel City Realty Listed on: 01/27/2020

Last Buyer's Agent

nonmember nonmember

NON MBR Office

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $19,623

Year Built

  • Built in 1900

Lot Details

  • 2,701 Sq Ft Lot

Parking

  • Off-Site Parking

Home Design

  • 8,100 Sq Ft Home
  • Commercial or Retail Space
  • Brick Exterior Construction
  • Stucco Exterior Insulation and Finish Systems

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • Assessor Parcel Number 640609587837001

Community Details

Overview

  • 8 Units

Building Details

  • Electric Expense $458
  • Insurance Expense $2,262
  • Trash Expense $2,520
  • Water Sewer Expense $1,543
  • Operating Expense $26,406
  • Gross Income $118,884
  • Net Operating Income $92,478

Property Details

Home Type

Apartment

Est. Annual Taxes

$19,623

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Apartment Style, Commercial
  • County Assessment: 683800.00
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1900
  • Special Features: None

Interior Features

  • Bathrooms: Modern
  • Square Footage: 8100

Exterior Features

  • Construction: Brick, Dryvit

Garage/Parking

  • Parking: Off Site

Utilities

  • Cooling: Central AC
  • Heat Type: Electric, Heat Pump
  • Sewer: Public
  • Water: Public
  • Electric: 458
  • Insurance: 2262
  • Trash Removal: 2520
  • Water Sewer: 1543

Fee Information

  • Operating Expense: 26406

Schools

  • School District: Allentown

Lot Info

  • Acres: 0.062
  • Lot Sq Ft: 2701
  • Zoning Code: B-2-CENTRAL BUSINESS

Tax Info

  • Assessor Parcel Number: 640609587837001
  • County Taxes: 2489.03
  • Municipal Taxes: 3407.43
  • Total Taxes: 19623.33

Multi Family

  • School Taxes: 13726.87
  • Total Units: 8
  • Total Unit Count: 8

Range of Values:

Collateral Analytics

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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
03/26/2020 03/26/20 Sold $1,200,000 0.0% $148 / Sq Ft
02/06/2020 02/06/20 Pending -- -- --
01/27/2020 01/27/20 For Sale $1,200,000 +11.6% $148 / Sq Ft
03/30/2018 03/30/18 Sold $1,075,000 -6.5% $133 / Sq Ft
10/05/2017 10/05/17 Pending -- -- --
05/17/2017 05/17/17 For Sale $1,150,000 -- $142 / Sq Ft
Source: Greater Lehigh Valley REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jennifer de Jesus

    Seller's Agent in 2020

    Jennifer de Jesus

    Steel City Realty

    (610) 333-4250

    139 in this area

    423 Total Sales

    Jennifer de Jesus
    Section Image

  • C

    Seller's Agent in 2018

    Charalambos Papageorgiou

    Emerald Realty Group

  • Douglas Kelly

    Seller Co-Listing Agent in 2018

    Douglas Kelly

    Emerald Realty Group

    (610) 554-7082

    3 Total Sales

    Douglas Kelly
    Section Image
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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 632104

Greater Lehigh Valley REALTORS®
Pennsylvania Lehigh County Allentown 18101 Center City

24 S 8th St, Allentown, PA

This home is located at 24 S 8th St, Allentown, PA 18101 since 27 January 2020. This property was built in 1900. 24 S 8th St is a home located in Lehigh County with nearby schools including Jefferson Elementary School, South Mountain Middle School, and William Allen High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Greater Lehigh Valley REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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