NOT LISTED FOR SALE

45 S Franklin St Allentown, PA 18102

Center City Neighborhood
4 Beds
2 Baths
1,888 Sq Ft
1,742 Sq Ft Lot

Last Sold November 04, 2022

Last sale price $225,000 $119 Per Sq Ft

6 Days on Market

About This Home

As of November 2022

Terrific 2 unit on quiet street in Allentown. Property consists of a 1-bedroom unit on first floor and a 3-bedroom unit encompassing 2nd and 3rd floors. Rents are well below market rents and could be raised significantly. With proper rent increases and expense reductions, property would be yielding close to a 10% cap rate. This property is a terrific opportunity for both the beginner or savvy investors. This is a definite MUST SEE!!!

Last Agent to Sell the Property

Geoff Gunn

Realty Outfitters Listed on: 09/15/2022

Last Buyer's Agent

David Ribardo

Keller Williams Allentown

Keller Williams Allentown

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,684

Year Built

  • Built in 1900

Lot Details

  • Lot Dimensions are 16x115

Home Design

  • 1,888 Sq Ft Home
  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Utilities

  • No Cooling
  • Radiator
  • Hot Water Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 549678039589 001

Community Details

Overview

  • 2 Units

Building Details

  • Electric Expense $1,140
  • Insurance Expense $740
  • Trash Expense $750
  • Water Sewer Expense $935
  • Operating Expense $7,529
  • Gross Income $23,100
  • Net Operating Income $15,571

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,684

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
  • County Assessment: 82900.00
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1900
  • Special Features: None

Interior Features

  • Bathrooms: Modern
  • Bathrooms: 2
  • Full Bathrooms: 2
  • Bedrooms: 4
  • Square Footage: 1888

Exterior Features

  • Construction: Aluminum, Brick

Utilities

  • Cooling: No Air
  • Heat Type: Gas, Hot Water, Radiator
  • Sewer: Public
  • Water: Public
  • Electric: 1140
  • Gas: 1130
  • Insurance: 740
  • Trash Removal: 750
  • Water Sewer: 935

Fee Information

  • Operating Expense: 7529

Schools

  • School District: Allentown

Lot Info

  • Lot Dimensions: 16x115
  • Zoning Code: RH

Tax Info

  • Assessor Parcel Number: 549678039589 001
  • County Taxes: 313.36
  • Municipal Taxes: 493.18
  • Total Taxes: 2683.66
  • Taxes: 2684

Multi Family

  • School Taxes: 1877.12
  • Total Units: 2
  • Total Unit Count: 2

Range of Values:

Collateral Analytics

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ICE

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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
11/04/2022 11/04/22 Sold $225,000 +2.3% $119 / Sq Ft
09/21/2022 09/21/22 Pending -- -- --
09/15/2022 09/15/22 For Sale $219,900 -- $116 / Sq Ft
Source: Greater Lehigh Valley REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2022

    Geoff Gunn

    Realty Outfitters

    (484) 201-5251

    22 in this area

    76 Total Sales

    Geoff Gunn
    Section Image

  • D

    Buyer's Agent in 2022

    David Ribardo

    Keller Williams Allentown

    (609) 651-2558

    43 in this area

    111 Total Sales

    David Ribardo
    Section Image
See All Agents

Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 701453

Greater Lehigh Valley REALTORS®

APN: 549678039589-1

Pennsylvania Lehigh County Allentown 18102 Center City

45 S Franklin St, Allentown, PA

This home is located at 45 S Franklin St, Allentown, PA 18102 since 15 September 2022. This property was built in 1900. 45 S Franklin St is a home located in Lehigh County with nearby schools including Union Terrace Elementary School, Francis D Raub 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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