NOT LISTED FOR SALE
21 Beds
8.5 Baths
9,031 Sq Ft
4,766 Sq Ft Lot

Last Sold February 04, 2019

Last sale price $1,050,000 $116 Per Sq Ft

3 Days on Market

Highlights

  • 0.11 Acre Lot
  • Commercial or Retail Space
  • Baseboard Heating
  • Home Security System

About This Home

As of February 2019

Located in the newly created Opportunity Zone, this investment opportunity consists of 8 Residential Units and and a ground floor retail space - (3) Three Bedroom Units (5) Two Bedroom Units. The entire building has been renovated including all the common areas and exterior except for 3 residential units which make for a great value add opportunity. All units have electric heat and hot water and gas ranges - all units have separate utilities. All exterior and common areas are monitored by security cameras. Located just blocks from the new downtown development and NIZ Improvement Zone which includes over 1 Billion Dollars of development - the PPL Event Center, Restaurants, Retail, Nightlife, and so much more. Contact listing agent for detailed a more detailed analysis.

Last Listed By

Andrew Ginsburg

BHHS Regency Real Estate Listed on: 11/26/2018

BHHS Regency Real Estate

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $12,043

Year Built

  • 1900

Lot Details

  • 4,766 Sq Ft Lot
  • Lot Dimensions are 43.33 x 110

Home Design

  • Commercial or Retail Space
  • Mixed Use
  • Brick Exterior Construction

Interior Spaces

  • 9,031 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 21 Bedrooms

Home Security

  • Home Security System
  • Fire and Smoke Detector
  • Fire Escape

Parking

  • 5 Parking Spaces
  • Paved Parking
  • Off-Site Parking

Utilities

  • No Cooling
  • Baseboard Heating
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 549791353318001

Community Details

Overview

  • 9 Units

Building Details

  • Electric Expense $950
  • Insurance Expense $5,000
  • Maintenance Expense $3,500
  • Trash Expense $3,000
  • Water Sewer Expense $1,850
  • Operating Expense $27,723
  • Gross Income $113,280
  • Net Operating Income $79,953

Property Details

Home Type

Apartment

Est. Annual Taxes

$12,043

Year Built

1900

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Apartment Style, Commercial, Mixed Use
  • Technology: Cable, Security System, Smoke Detector Wired
  • County Assessment: 420700.00
  • Stories: 3.0
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built Exception: Unknown
  • Special Features: None
  • Year Built: 1900

Interior Features

  • Features: Fire Escape
  • Bathrooms: Modern
  • Bathrooms: 9
  • Full Bathrooms: 8
  • Half Bathrooms: 1
  • Bedrooms: 21
  • Square Footage: 9031

Exterior Features

  • Construction: Brick

Garage/Parking

  • Parking: Off Site, Paved Lot
  • Parking Spaces: 5

Utilities

  • Cooling: No Air
  • Heat Type: Baseboard, Electric
  • Sewer: Public
  • Water: Public
  • Electric: 950
  • Insurance: 5000
  • Trash Removal: 3000
  • Water Sewer: 1850

Condo/Co-op/Association

  • Lawn Snow Removal: 500
  • Maintenance Repair: 3500

Fee Information

  • Operating Expense: 27723

Schools

  • School District: Allentown

Lot Info

  • Acres: 0.109
  • Lot Dimensions: 43.33 x 110
  • Lot Sq Ft: 4766
  • Zoning Code: R-MH

Tax Info

  • Assessor Parcel Number: 549791353318001
  • County Taxes: 1531.35
  • Municipal Taxes: 2211.36
  • Total Taxes: 12042.74

Multi Family

  • School Taxes: 8300.03
  • Total Units: 9
  • Total Unit Count: 9

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
02/04/2019 02/04/19 Sold $1,050,000 -12.5% $116 / Sq Ft
11/26/2018 11/26/18 For Sale $1,200,000 -- $133 / 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: 596777

Greater Lehigh Valley REALTORS®