NOT LISTED FOR SALE

439 W Walnut St Allentown, PA 18102

Center City Neighborhood
12 Beds
12 Baths
8,348 Sq Ft
1900 Built

Last Sold October 05, 2018

Last sale price $1,050,000 $126 Per Sq Ft

112 Days on Market

Highlights

  • Brick or Stone Veneer
  • Baseboard Heating
  • 3-minute walk to Allentown Arts Park
  • Commercial or Retail Space

About This Home

As of October 2018

12 UNIT ALLENTOWN APARTMENT COMPLEX WITH OFF STREET PARKING ~ NEWLY RENOVATED 1 BEDROOM UNITS ~ $121,000+ GROSS OPERATING INCOME ~ 7.91% CAP RATE WITH MANAGEMENT AND RESERVES TAKEN OUT ~ 24%+ 5 YEAR INTERNAL RATE OF RATE OF RETURN ~ 10%+ FIRST YEAR CASH ON CASH ~ 1.54 DSCR ~ ON SITE COIN LAUNDRY ~ ONE BLOCK TO DOWNTOWN ALLENTOWN REVITALIZATION DISTRICT . Newly renovated units. Tenants pay heat. Fully leased off street parking lot. One block to the revitalization district in Allentown. Detailed financial provided upon request. Walking distance to PPL Arena/Entertainment. High quality / low maintenance investment. Click the video walkthrough. Contact listing agent for detailed analysis.

Last Agent to Sell the Property

Charalambos Papageorgiou

Emerald Realty Group Listed on: 05/07/2018

Last Buyer's Agent

Jennifer Fenstermacher

Coldwell Banker Hearthside

Coldwell Banker Hearthside

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $9,270

Year Built

  • Built in 1900

Home Design

  • Commercial or Retail Space
  • Brick or Stone Veneer
  • Frame Construction

Interior Spaces

  • 8,348 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 12 Full Bathrooms

Parking

  • 6 Parking Spaces
  • Leased Parking
  • Paved Parking

Utilities

  • No Cooling
  • Baseboard Heating

Community Details

  • 12 Units
  • Gross Income $121,000

Listing and Financial Details

  • Assessor Parcel Number 640720449626001

Property Details

Home Type

Apartment

Est. Annual Taxes

$9,270

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, Complex
  • County Assessment: 312300.00
  • Stories: 3.0
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1900
  • Year Built Exception: Unknown
  • Special Features: None

Interior Features

  • Bathrooms: 12
  • Full Bathrooms: 12
  • Bedrooms: 12
  • Square Footage: 8348

Exterior Features

  • Construction: Frame, Imitation Stone

Garage/Parking

  • Parking: Paved Lot, Rented
  • Parking Spaces: 6

Utilities

  • Cooling: No Air
  • Heat Type: Baseboard, Electric
  • Sewer: Public
  • Water: Public

Schools

  • School District: Allentown

Lot Info

  • Zoning Code: R-H

Tax Info

  • Assessor Parcel Number: 640720449626001
  • Total Taxes: 9270.15

Multi Family

  • Total Units: 12

MLS Schools

  • School District: Allentown

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

Property History

Date Event Price Change Sq Ft Price
10/05/2018 10/05/18 Sold $1,050,000 -12.5% $126 / Sq Ft
08/27/2018 08/27/18 Pending -- -- --
05/07/2018 05/07/18 For Sale $1,200,000 -- $144 / Sq Ft
Source: Greater Lehigh Valley REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2018

    Charalambos Papageorgiou

    Emerald Realty Group

  • J

    Buyer's Agent in 2018

    Jennifer Fenstermacher

    Coldwell Banker Hearthside

    (610) 392-1298

    44 Total Sales

    Jennifer Fenstermacher
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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 579595

Greater Lehigh Valley REALTORS®

APN: 640720449626-1

Pennsylvania Lehigh County Allentown 18102 Center City

439 W Walnut St, Allentown, PA

This home is located at 439 W Walnut St, Allentown, PA 18102 since 07 May 2018. This property was built in 1900. 439 W Walnut St is a home located in Lehigh County with nearby schools including Roosevelt Elementary School, South Mountain Middle School, and William Allen 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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