J
Seller's Agent in 2024
Joshua Schoenberger
EXP Realty LLC
(888) 397-7352
9 in this area
31 Total Sales
310 N 9th St Allentown, PA 18102
Center City Neighborhood
6
Beds
3
Baths
3,041
Sq Ft
2,178
Sq Ft Lot
Highlights
- Balcony
- Baseboard Heating
- 4 Car Garage
About This Home
As of January 2024Projected $39600 gross $28500 net income 9.8% cap rate. This has a fully renovated 2-bedroom 1st floor apartment with all wood floors and nice kitchen. Good sized bedrooms and living space, Access to the basement for storage. Access to the backyard. The 2nd apartment is the 2nd and 3rd floors with 3-4 bedrooms and 2 full baths. Wood floors., nice sized rooms, large closets. Eat-in kitchen and also access to large outside deck. Rent the 1st floor for $1400 and 2ndfloor for $1800. Throw in the garage to one of the tenants for $200! And you can get to $3400 a month and get up to $40,800 gross rents. I actually used lower numbers and you can see how this will exceed and be over 10% cap rate. We can deliver vacant or will fill tenants for a buyer. This would be GREAT for a owner operator, Live and get enough rent to cover your mortgage payments! The numbers include all expenses/taxes and vacancy so will be easy to keep fully occupied and make great cash flow.
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $3,746
Year Built
- Built in 1880
Lot Details
- 2,178
Home Design
- Brick Exterior Construction
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Full Bathrooms
Parking
- 4 Car Garage
- Off-Site Parking
Outdoor Features
- Balcony
Utilities
- No Cooling
- Baseboard Heating
Listing and Financial Details
- Assessor Parcel Number 549791360062 001
Community Details
Overview
- 3 Units
Building Details
- Insurance Expense $1,300
- Maintenance Expense $1,200
- Manager Expense $2,500
- Water Sewer Expense $850
- Operating Expense $11,100
- Gross Income $39,600
- Net Operating Income $28,500
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/23/2024 01/23/24 | Sold | $295,000 | 0.0% | $97 / Sq Ft |
| 12/03/2023 12/03/23 | Price Changed | $295,000 | 0.0% | $97 / Sq Ft |
| 12/03/2023 12/03/23 | Pending | -- | -- | -- |
| 12/03/2023 12/03/23 | Off Market | $295,000 | -- | -- |
| 12/01/2023 12/01/23 | For Sale | $287,000 | -- | $94 / Sq Ft |
Source: Greater Lehigh Valley REALTORS®
Tax History Compared to Growth
Agents Affiliated with this Home
-
Joshua Schoenberger
-
Elias Boutros
E
Buyer's Agent in 2024
Elias Boutros
TSB Property
(484) 547-8228
20 in this area
107 Total Sales
Map
Source: Greater Lehigh Valley REALTORS®
MLS Number: 727985
APN: 549791360062-1
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