$152,000
SOLD JUN 4, 2020

387 W Chew St Allentown, PA 18102

Center City Neighborhood
5 Beds
2 Baths
2,356 Sq Ft
2,178 Sq Ft Lot

Recently Sold

$65 Per Sq Ft

5% Below List Price

46 Days on Market

About This Home

As of June 2020

Well maintained 2 unit property located in central Allentown near shopping and entertainment. Fully occupied building with long term good paying tenants, detached 1 car garage for additional income (currently rented for $75/month). Separate utilities and private entrances for each unit. Current cash flow yielding over 10.50% cap rate.
This property is an investor's dream with low taxes and low maintenance. Call the office to schedule your showing. 24 hrs notice required due to tenant occupied

Last Agent to Sell the Property

Sanjay Anderson

Coldwell Banker Heritage R E Listed on: 02/09/2020

Coldwell Banker Heritage R E

Last Buyer's Agent

nonmember nonmember

NON MBR Office

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,243

Year Built

  • Built in 1880

Parking

  • 1 Car Garage

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 3-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Utilities

  • No Cooling
  • Baseboard Heating
  • Heating System Uses Oil

Listing and Financial Details

  • Assessor Parcel Number 640722474942 001

Community Details

Overview

  • 2 Units

Building Details

  • Electric Expense $282
  • Insurance Expense $1,067
  • Maintenance Expense $1
  • Manager Expense $1
  • Other Expense $1
  • Trash Expense $750
  • Water Sewer Expense $1,000
  • Operating Expense $5,060
  • Gross Income $21,900
  • Net Operating Income $16,740

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,243

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Apartment Style
  • County Assessment: 75700.00
  • Stories: 3.0
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1880
  • Year Built Exception: Unknown
  • Special Features: None

Interior Features

  • Bathrooms: Semi Modern
  • Bathrooms: 2
  • Full Bathrooms: 2
  • Bedrooms: 5

Exterior Features

  • Construction: Brick

Garage/Parking

  • Parking: Garage
  • Parking Spaces: 1

Utilities

  • Cooling: No Air
  • Heat Type: Baseboard, Oil
  • Sewer: Public
  • Water: Public
  • Electric: 282
  • Gas: 1
  • Heat: 1
  • Insurance: 1067
  • Trash Removal: 750
  • Water Sewer: 1000

Condo/Co-op/Association

  • Lawn Snow Removal: 1
  • Maintenance Repair: 1
  • Management: 1

Fee Information

  • Operating Expense: 5060

Schools

  • School District: Allentown

Lot Info

  • Zoning Code: R-Mh-Medium High Density Residentia

Rental Info

  • Other Expenses: 1

Tax Info

  • Assessor Parcel Number: 640722474942 001
  • County Taxes: 275.55
  • Municipal Taxes: 447.77
  • Total Taxes: 2242.95

Multi Family

  • School Taxes: 1519.63
  • Total Units: 2
  • Total Unit Count: 3

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
06/04/2020 06/04/20 Sold $152,000 -4.9% $65 / Sq Ft
03/26/2020 03/26/20 Pending -- -- --
02/09/2020 02/09/20 For Sale $159,900 +146.0% $68 / Sq Ft
04/04/2017 04/04/17 Sold $65,000 0.0% $28 / Sq Ft
03/17/2017 03/17/17 Pending -- -- --
02/08/2017 02/08/17 For Sale $65,000 -- $28 / Sq Ft
Source: Greater Lehigh Valley REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2020

    Sanjay Anderson

    Coldwell Banker Heritage R E

    (610) 250-8880

    1 in this area

    7 Total Sales

    Sanjay Anderson
    Section Image

  • M

    Seller's Agent in 2017

    Maurice Muhammad

    Progressive Realty Inc

    Section Image
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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 632773

Greater Lehigh Valley REALTORS®

APN: 640722474942-1

Pennsylvania Lehigh County Allentown 18102 Center City

387 W Chew St, Allentown, PA

This home is located at 387 W Chew St, Allentown, PA 18102 and is currently priced at $152,000, approximately $64 per square foot. This property was built in 1880. 387 W Chew St is a home located in Lehigh County with nearby schools including Central Elementary School, Harrison-Morton Middle School, and Louis E. Dieruff 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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