NOT LISTED FOR SALE
45 Beds
25 Baths
41,702 Sq Ft
0.54 Acres

Last Sold December 14, 2018

Last sale price $1,875,000 $45 Per Sq Ft

16 Days on Market

Highlights

  • 0.54 Acre Lot
  • Balcony
  • Baseboard Heating
  • Wood Flooring
  • Patio
  • Storm Doors

About This Home

As of December 2018

410-420 W Penna Ave is a two building complex accommodating 20 stylish 2 bedroom units and 5 stylish 1 bedroom units. These solid brick buildings were originally schools. The conversion obtained 12 units in 410 and 13 units in 420. Many of the units have exposed brick or stone walls and all are well planned with spacious rooms, ample closets and 15 units have private decks. All kitchens, flooring and baths are modern and well maintained. A paver patio between buildings provides a quiet gathering space.The bright spacious corridors have original hardwood flooring or have been changed to easy maintenance slate type flooring. Each building has a laundry with 2 coin operated washers and dryers for additional income. Major updates include new roofs, soffit and facia in 2014. Buildings are well maintained with modern windows and doors. Many long term tenants. Many rents should be raised. Separate utilities except for water/sewer. Off street parking. Start investing or expand your portfolio.

Last Agent to Sell the Property

Christopher Zajacek

Grace Realty Co Inc Listed on: 09/12/2018

Last Buyer's Agent

Lisa J. Perin

Parkhill Realty

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $27,169

Year Built

  • Built in 1950

Lot Details

  • 0.54 Acre Lot
  • Lot Dimensions are 252x93

Home Design

  • Converted Dwelling
  • Brick Exterior Construction
  • Stone

Interior Spaces

  • 41,702 Sq Ft Home
  • 3-Story Property

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 45 Bedrooms
  • 25 Full Bathrooms

Home Security

  • Storm Doors
  • Fire and Smoke Detector

Parking

  • 20 Parking Spaces
  • Paved Parking

Outdoor Features

  • Balcony
  • Patio

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number E8NE2D 6 3 0625

Community Details

Building Details

  • Electric Expense $3,373
  • Insurance Expense $5,961
  • Maintenance Expense $10,454
  • Other Expense $769
  • Water Sewer Expense $20,210
  • Operating Expense $82,295
  • Gross Income $234,960
  • Net Operating Income $152,665

Additional Features

  • 25 Units
  • Laundry Facilities

Property Details

Home Type

Apartment

Est. Annual Taxes

$27,169

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Apartment Style, Complex, Converted
  • Technology: Cable, Smk Detector Battery, Smoke Detector Wired
  • County Assessment: 336000.00
  • Stories: 3.0
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1950
  • Special Features: None

Interior Features

  • Features: Balcony, Central Laundry, Hardwood, Patio, Storm Doors, Wall-to-Wall Carpet
  • Bathrooms: Modern
  • Bathrooms: 25
  • Full Bathrooms: 25
  • Bedrooms: 45
  • Square Footage: 41702

Exterior Features

  • Construction: Brick, Stone

Garage/Parking

  • Parking: Paved Lot
  • Parking Spaces: 20

Utilities

  • Cooling: Wall AC
  • Heat Type: Baseboard, Electric
  • Sewer: Public
  • Water: Public
  • Electric: 3373
  • Insurance: 5961
  • Water Sewer: 20210

Condo/Co-op/Association

  • Lawn Snow Removal: 13319
  • Maintenance Repair: 10454

Fee Information

  • Operating Expense: 82295

Schools

  • School District: Pen Argyl

Lot Info

  • Acres: 0.539
  • Lot Dimensions: 252x93
  • Lot Sq Ft: 23460
  • Zoning Code: R7

Rental Info

  • Other Expenses: 769

Tax Info

  • Assessor Parcel Number: E8NE2D 6 3 0625
  • County Taxes: 3628.80
  • Municipal Taxes: 4368.00
  • Total Taxes: 27168.96

Multi Family

  • School Taxes: 19172.16
  • Total Units: 25
  • Total Unit Count: 25

MLS Schools

  • School District: Pen Argyl

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
12/14/2018 12/14/18 Sold $1,875,000 -6.1% $45 / Sq Ft
09/28/2018 09/28/18 Pending -- -- --
09/12/2018 09/12/18 For Sale $1,995,900 -- $48 / 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: 590345

Greater Lehigh Valley REALTORS®