$1,200,000
SOLD FEB 17, 2025
23 Beds
23 Baths
9,568 Sq Ft
1.97 Acres

Recently Sold

$125 Per Sq Ft

33% Below List Price

15 Days on Market

Highlights

  • 1.97 Acre Lot
  • Furnished
  • Baseboard Heating
  • Ironton Elementary School Rated A
  • Commercial or Retail Space
  • 1-Story Property

About This Home

As of February 2025

Incredible opportunity...The Egyptian Sands Motel is now available for sale. Family owned and operated for the past 31 years. The owners have lovingly maintained and managed the property through the years and it shows. Rental units consist of 12 rooms, 5 efficiencies, 3 one bedroom apartments and 1 three bedroom apartment (complete with a finished basement) and was used as the live-in owners home. In addition, there is a 2,000+ square foot former bar/restaurant with a small kitchen and 2 powder rooms currently used for storage and back stock. There is a heated 2 car garage, 2 car carport and 2 sheds. Many long term tenants and VERY low vacancy rates. Large parking lot recently sealed. Brand new septic in 2021. Current business model "runs like a clock." Many supplies needed to continue "running the business with out a hitch" will be left for the new owners. Step right in and start making money. DO NOT ENTER PROPERTY WITHOUT AN APPOINTMENT. Proof of funds needed to make a showing appointment. Rare opportunity. Call today. Don't miss out.

Last Agent to Sell the Property

Geoffrey Spitko

Rudy Amelio Real Estate Listed on: 10/23/2024

Rudy Amelio Real Estate

Co-Listed By

Rudy Amelio

Rudy Amelio Real Estate

Last Buyer's Agent

Geoffrey Spitko

Rudy Amelio Real Estate Listed on: 10/23/2024

Rudy Amelio Real Estate

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $14,126

Year Built

  • Built in 1965

Lot Details

  • 1.97 Acre Lot

Parking

  • 30 Parking Spaces

Home Design

  • Commercial or Retail Space

Interior Spaces

  • 9,568 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Fire and Smoke Detector

Bedrooms and Bathrooms

  • 23 Bedrooms

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Well
  • Septic System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 547988207044001

Community Details

Overview

  • 21 Units

Building Details

  • Electric Expense $23,000
  • Insurance Expense $10,000
  • Maintenance Expense $12,000
  • Other Expense $11,000
  • Trash Expense $2,000
  • Operating Expense $71,590
  • Gross Income $203,700
  • Net Operating Income $132,110

Property Details

Home Type

Apartment

Est. Annual Taxes

$14,126

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Apartment Style, Commercial, Complex
  • Technology: Cable, Smk Detector Battery
  • County Assessment: 654000.00
  • Stories: 1.0
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1965
  • Adult Comm55 Over Y N: No
  • Special Features: None

Interior Features

  • Features: Furnished
  • Bathrooms: Semi Modern
  • Bathrooms: 23
  • Full Bathrooms: 21
  • Half Bathrooms: 2
  • Bedrooms: 23
  • Square Footage: 9568

Exterior Features

  • Construction: Aluminum

Garage/Parking

  • Parking Spaces: 30

Utilities

  • Cooling: Window ACs
  • Heat Type: Baseboard, Electric
  • Sewer: Septic
  • Water: Well
  • Electric: 23000
  • Insurance: 10000
  • Trash Removal: 2000

Condo/Co-op/Association

  • Maintenance Repair: 12000

Fee Information

  • Operating Expense: 71590

Schools

  • School District: Parkland

Lot Info

  • Acres: 1.966
  • Lot Sq Ft: 85639
  • Zoning Code: C-COMMERCIAL

Rental Info

  • Other Expenses: 11000

Tax Info

  • Assessor Parcel Number: 547988207044001
  • County Taxes: 2472.12
  • Municipal Taxes: 392.40
  • Total Taxes: 14126.40

Multi Family

  • School Taxes: 11261.88
  • Total Units: 21

MLS Schools

  • School District: Parkland

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 23, 2024
Closed on
Feb 17, 2025
Sold by
Frey Randall and Frey Shelley
Bought by
Lv Commercial Holdings Llc
Seller's Agent
Geoffrey Spitko
Rudy Amelio Real Estate
Buyer's Agent
Geoffrey Spitko
Rudy Amelio Real Estate
List Price
$1,800,000
Sold Price
$1,200,000
Premium/Discount to List
-$600,000
-33.33%
Views
24

Purchase Details

Closed on
Mar 30, 1993
Sold by
Kale Barry and Kale Helen
Bought by
Frey Randall and Frey Shelley

Purchase Details

Closed on
Nov 8, 1978
Bought by
Kale Barry and Kale Helen
Source: Public Records

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

Purchase History

Date Type Sale Price Title Company
Deed $1,000,000 All American Settlement Servic
Deed $395,000 --
Deed $170,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/17/2025 02/17/25 Sold $1,200,000 -33.3% $125 / Sq Ft
11/07/2024 11/07/24 Pending -- -- --
10/23/2024 10/23/24 For Sale $1,800,000 -- $188 / Sq Ft
Source: Greater Lehigh Valley REALTORS®

Tax History Compared to Growth

Source: Public Records

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 $14,519 $654,000 $256,900 $397,100
2024 $13,656 $654,000 $256,900 $397,100
2023 $13,263 $654,000 $256,900 $397,100
2022 $13,204 $654,000 $397,100 $256,900
2021 $13,204 $654,000 $256,900 $397,100
2020 $13,204 $654,000 $256,900 $397,100
2019 $12,858 $654,000 $256,900 $397,100
2018 $12,603 $654,000 $256,900 $397,100
2017 $12,419 $654,000 $256,900 $397,100
2016 -- $654,000 $256,900 $397,100
2015 -- $654,000 $256,900 $397,100
2014 -- $654,000 $256,900 $397,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 747446

Greater Lehigh Valley REALTORS®

APN: 547988207044-1