$308,000
SOLD MAY 30, 2018
-- Bed
-- Bath
4,944 Sq Ft
1,481 Sq Ft Lot

Recently Sold

$62 Per Sq Ft

135 Days on Market

Highlights

  • Commercial or Retail Space
  • Heating System Uses Gas
  • 4-minute walk to Stevens Park
  • Ceiling Fan

About This Home

As of May 2018

Attention: Investment property in Prime Location listed with three, 2 bedroom apartments (each approx 1,000 SQ) All apartments currently rented with month to month lease at $725.00. Fully functional restaurant on ground level, all kitchen equipment to be included in sale (less than 5 years old). Building located in downtown Allentown in close proximity to nightlife, parks, churches and restaurants. Excellent opportunity for a savvy investor. Call for appointment today!

Last Agent to Sell the Property

Mitchell Fry

Coldwell Banker Heritage R E Listed on: 11/14/2017

Co-Listed By

Joan Guzzo

RE/MAX Central - Allentown

Last Buyer's Agent

Kenneth Palumbo

HowardHanna TheFrederickGroup

HowardHanna TheFrederickGroup

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,364

Year Built

  • Built in 1920

Lot Details

  • 1,481 Sq Ft Lot
  • Lot Dimensions are 21 x 71

Home Design

  • Commercial or Retail Space
  • Brick Exterior Construction

Interior Spaces

  • 4,944 Sq Ft Home
  • Ceiling Fan

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 640702082283-00001

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $200
  • Insurance Expense $1,500
  • Maintenance Expense $500
  • Trash Expense $500
  • Water Sewer Expense $500
  • Operating Expense $6,000
  • Gross Income $50,000
  • Net Operating Income $26,926

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,364

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Commercial
  • County Assessment: 58900.00
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1920
  • Special Features: None

Interior Features

  • Square Footage: 4944

Exterior Features

  • Construction: Brick

Utilities

  • Cooling: Ceiling Fan, Window AC
  • Heat Type: Electric, Gas
  • Sewer: Public
  • Water: Public
  • Electric: 200
  • Gas: 200
  • Heat: 200
  • Insurance: 1500
  • Trash Removal: 500
  • Water Sewer: 500

Condo/Co-op/Association

  • Maintenance Repair: 500

Fee Information

  • Operating Expense: 6000

Schools

  • School District: Allentown

Lot Info

  • Acres: 0.034
  • Lot Dimensions: 21 X 71
  • Lot Sq Ft: 1481
  • Zoning Code: B1

Tax Info

  • Assessor Parcel Number: 640702082283-00001
  • County Taxes: 723.27
  • Municipal Taxes: 860.29
  • Total Taxes: 5363.87

Multi Family

  • School Taxes: 3780.87
  • Total Units: 4

MLS Schools

  • School District: Allentown

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Range of Values:

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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
08/01/2020 08/01/20 Rented $1,050 0.0% --
07/15/2020 07/15/20 Under Contract -- -- --
07/09/2020 07/09/20 For Rent $1,050 0.0% --
03/05/2020 03/05/20 Under Contract -- -- --
01/06/2020 01/06/20 For Rent $1,050 +23.5% --
07/06/2019 07/06/19 Rented $850 0.0% --
06/25/2019 06/25/19 Price Changed $850 -10.5% $0 / Sq Ft
04/24/2019 04/24/19 Price Changed $950 -9.5% $0 / Sq Ft
01/03/2019 01/03/19 Price Changed $1,050 -12.5% $0 / Sq Ft
11/30/2018 11/30/18 For Rent $1,200 0.0% --
05/30/2018 05/30/18 Sold $308,000 0.0% $62 / Sq Ft
03/29/2018 03/29/18 Pending -- -- --
11/14/2017 11/14/17 For Sale $308,000 -- $62 / 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: 563634

Greater Lehigh Valley REALTORS®