N
Seller's Agent in 2022
Nick Spade
Spade Property Management Inc.
(610) 439-8280
17 in this area
47 Total Sales
26 S Penn St Allentown, PA 18102
Center City Neighborhood
5
Beds
2
Baths
2,268
Sq Ft
1,260
Sq Ft Lot
Highlights
- Balcony
- Baseboard Heating
- 3-minute walk to Allentown Arts Park
About This Home
As of November 2022WOW! This completely gut renovated 2 unit is beautiful. This property boasts brand new electrical, new plumbing, new insulated sheetrock walls, brand new kitchens and bathrooms, new windows, new flooring throughout, new doors, and over the top shadowboxing and custom trim work! No stone left unturned. Windows are black on the outside, and white inside. Units are bright and airy. With all permits closed out, this building has a fresh CO. Both units are HUGE. The two bedroom is almost 900 square feet, and the three bedroom spanning floors 2 and 3 is almost 1400 square feet. Delivered vacant, you can pick your own tenants, or live in one unit and rent the other. Rents projected at $1950 for the 3 bedroom, and $1500 for the two bedroom. NOI projected to be about $32,000 per year (check attached pro forma). Makes this almost new construction property a 9.15% cap rate!
Last Agent to Sell the Property
Spade Property Management Inc. License #RM424449 Listed on: 09/19/2022
Last Buyer's Agent
Spade Property Management Inc. License #RM424449 Listed on: 09/19/2022
Townhouse Details
Home Type
- Townhome
Year Built
- Built in 1900
Lot Details
- 1,260
Home Design
- 2,268 Sq Ft Home
- Brick Exterior Construction
Bedrooms and Bathrooms
- 5 Bedrooms
- 2 Full Bathrooms
Home Security
Utilities
- Window Unit Cooling System
- Baseboard Heating
Additional Features
- Balcony
- 1,260 Sq Ft Lot
Listing and Financial Details
- Assessor Parcel Number 640720461189 1
Community Details
Building Details
- Electric Expense $240
- Insurance Expense $950
- Maintenance Expense $1,580
- Trash Expense $750
- Water Sewer Expense $960
- Operating Expense $2,070
- Gross Income $41,600
- Net Operating Income $31,948
Additional Features
- 2 Units
- Fire Escape
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
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/01/2022 11/01/22 | Sold | $340,000 | -2.6% | $150 / Sq Ft |
| 09/22/2022 09/22/22 | Pending | -- | -- | -- |
| 09/19/2022 09/19/22 | For Sale | $349,000 | -- | $154 / Sq Ft |
Source: Greater Lehigh Valley REALTORS®
Tax History Compared to Growth
Agents Affiliated with this Home
-
Nick Spade
Map
Source: Greater Lehigh Valley REALTORS®
MLS Number: 701674
APN: 640720461189-1
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