NOT LISTED FOR SALE

40 N 10th St Allentown, PA 18101

Center City Neighborhood

Estimated Value: $211,300

5 Beds
2.5 Baths
2,842 Sq Ft
$74/Sq Ft Est. Value

Last Sold August 20, 2021

Last sale price $169,000 $59 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $1,447/month

21 Days on Market

About This Home

As of August 2021

3 Unit Mixed Multi in 18101 near NIZ district. Zoned B-2 Commercial. 1st floor can accommodate many commercial uses (~1000 sq ft). 2nd floor was 2 Br residential. 3rd floor was 3 Br residential. All units vacant and ready for your improvements. NOI estimated at $31241 with market rents. Even if you spent up to $40K in closing and improvements (paint, flooring,…), the Cap Rate is still over 13%. Extremely high in 18101! HIGHEST & BEST BY NOON 7/10/21.

Last Agent to Sell the Property

Mark Baechle

Keller Williams Allentown Listed on: 06/19/2021

Keller Williams Allentown

Last Buyer's Agent

Mark Baechle

Keller Williams Allentown Listed on: 06/19/2021

Keller Williams Allentown

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $3,739

Year Built

  • Built in 1900

Lot Details

  • 1,917 Sq Ft Lot

Home Design

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

Interior Spaces

  • 2,842 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms

Parking

  • 4 Parking Spaces
  • Paved Parking

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 549790110169001

Community Details

Overview

  • 3 Units

Building Details

  • Insurance Expense $1,200
  • Other Expense $2,000
  • Water Sewer Expense $600
  • Operating Expense $8,739
  • Gross Income $40,080
  • Net Operating Income $31,241

Property Details

Home Type

Apartment

Est. Annual Taxes

$3,739

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Apartment Style, Commercial, Mixed Use
  • County Assessment: 118300.00
  • Stories: 3.0
  • Year Built: 1900
  • Year Built Exception: Unknown
  • Special Features: None

Interior Features

  • Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Bedrooms: 5
  • Square Footage: 2842

Exterior Features

  • Construction: Brick

Garage/Parking

  • Parking: Paved Lot
  • Parking Spaces: 4

Utilities

  • Cooling: Window AC
  • Heat Type: Gas
  • Sewer: Public
  • Water: Public
  • Gas: 1800
  • Insurance: 1200
  • Water Sewer: 600

Fee Information

  • Operating Expense: 8739

Schools

  • School District: Allentown

Lot Info

  • Acres: 0.044
  • Lot Sq Ft: 1917
  • Zoning Code: B-2-CENTRAL BUSINESS

Rental Info

  • Other Expenses: 2000

Tax Info

  • Assessor Parcel Number: 549790110169001
  • Total Taxes: 3739.00

Multi Family

  • Total Units: 3
  • Total Unit Count: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 19, 2021
Closed on
Aug 20, 2021
Sold by
Lui Chung Foon and Li Yim Chee
Bought by
40 N 10 Street Llc
Seller's Agent
Mark Baechle
Keller Williams Allentown
Buyer's Agent
Mark Baechle
Keller Williams Allentown
List Price
$199,900
Sold Price
$169,000
Premium/Discount to List
-$30,900
-15.46%
Total Days on Market
21
Current Estimated Value
$211,300

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,300
Avg. Annual Appreciation
6.09%

Purchase Details

Closed on
Sep 28, 2015
Sold by
Lee Yuen
Bought by
Lui Chung Foon and Li Yim Chee

Purchase Details

Closed on
Aug 31, 2015
Sold by
Lee Yuen
Bought by
Lui Fung Chung and Li Yim Chee

Purchase Details

Closed on
Nov 17, 1981
Bought by
Lee Yuen and Fung Shiu Chung
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Buyer Sale Price Title Company
40 N 10 Street Llc $169,000 Penntitle Co
Lui Chung Foon -- None Available
Lui Fung Chung -- None Available
Lee Yuen -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/20/2021 08/20/21 Sold $169,000 -15.5% $59 / Sq Ft
07/10/2021 07/10/21 Pending -- -- --
06/19/2021 06/19/21 For Sale $199,900 -- $70 / 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 $3,910 $118,300 $13,500 $104,800
2024 $3,910 $118,300 $13,500 $104,800
2023 $3,910 $118,300 $13,500 $104,800
2022 $3,775 $118,300 $104,800 $13,500
2021 $3,701 $118,300 $13,500 $104,800
2020 $3,606 $118,300 $13,500 $104,800
2019 $3,549 $118,300 $13,500 $104,800
2018 $3,303 $118,300 $13,500 $104,800
2017 $3,221 $118,300 $13,500 $104,800
2016 -- $118,300 $13,500 $104,800
2015 -- $118,300 $13,500 $104,800
2014 -- $118,300 $13,500 $104,800
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2021

    Mark Baechle

    Keller Williams Allentown

    (610) 657-5825

    4 in this area

    11 Total Sales

    Mark Baechle
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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 672474

Greater Lehigh Valley REALTORS®

APN: 549790110169-1

Pennsylvania Lehigh County Allentown 18101 Center City

40 N 10th St, Allentown, PA

This home is located at 40 N 10th St, Allentown, PA 18101 since 19 June 2021 and is currently estimated at $211,300, approximately $74 per square foot. This property was built in 1900. 40 N 10th St is a home located in Lehigh County with nearby schools including Francis D Raub Middle School, William Allen High School, and Arts Academy Elementary Charter 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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