Seller's Agent in 2017
Christopher Raad
Harvey Z Raad Real Estate
(610) 390-2803
10 in this area
159 Total Sales
520 W Chew St Allentown, PA 18102
Center City Neighborhood
15
Beds
8
Baths
8,136
Sq Ft
1,742
Sq Ft Lot
Highlights
- Balcony
- Baseboard Heating
- Wall to Wall Carpet
About This Home
As of June 2017INVESTORS: CAP RATE 7% = $505,400 Income Value! 2 Buildings, (520 Chew St & 522-524 Chew St); Very Manageable 8 Unit Investment Opportunity in the City of Allentown and only 3 blocks away from the Downtown Billion Dollar Redevelopment area! Gross Rents of $5495/Month with 7 - 2 Bedrm MRP Section 8 Units & 1-1 BR Open Market Unit (+ 6 Car Off-St Parking @$20/Mo/Space)! Allentown Housing Authority/HUD MRP Program Contract approval on annual basis from February 1st to January 31st of each year! AHA Provides List of ALL MRP Tenants to Choose from-NO ADVERTISING! Most are Long Term Tenants! Tenants pay for heat, cooking, electric and hot water! Roofs approx 3 - 4 years; Separate 100 Amp CB Service to each unit: Total Expenses and Real Estate Taxes include all Properties! Inspected by AHA annually! Minor repairs for Clear C.O.! Call Today to Schedule Your Showing or for More Information! Owner is a Licensed PA Broker and Listing Agent is Son of Owner/Broker! Inspect and Submit your Offer!!
Co-Listed By
George Raad
Harvey Z Raad Real Estate
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $8,942
Year Built
- Built in 1900
Lot Details
- 1,742
Home Design
- Brick Exterior Construction
- Vinyl Construction Material
Interior Spaces
- 8,136 Sq Ft Home
- 3-Story Property
- Wall to Wall Carpet
Bedrooms and Bathrooms
- 15 Bedrooms
- 8 Full Bathrooms
Home Security
Parking
- 6 Parking Spaces
- Paved Parking
Outdoor Features
- Balcony
Utilities
- No Cooling
- Heating System Uses Gas
- Baseboard Heating
Listing and Financial Details
- Assessor Parcel Number 640712219663 001
Community Details
Overview
- 8 Units
Building Details
- Electric Expense $900
- Insurance Expense $3,278
- Maintenance Expense $10,000
- Trash Expense $3,000
- Water Sewer Expense $2,400
- Operating Expense $30,551
- Gross Income $67,380
- Net Operating Income $36,829
Security
- Fire and Smoke Detector
- Fire Escape
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/09/2017 06/09/17 | Sold | $440,000 | -12.0% | $54 / Sq Ft |
| 03/02/2017 03/02/17 | Pending | -- | -- | -- |
| 08/28/2015 08/28/15 | For Sale | $499,900 | -- | $61 / Sq Ft |
Source: Greater Lehigh Valley REALTORS®
Tax History Compared to Growth
Agents Affiliated with this Home
-
Christopher Raad
-
G
Seller Co-Listing Agent in 2017
George Raad
Harvey Z Raad Real Estate
-
Barbara Detres
Buyer's Agent in 2017
Barbara Detres
Harvey Z Raad Real Estate
(610) 433-5551
14 in this area
41 Total Sales
Map
Source: Greater Lehigh Valley REALTORS®
MLS Number: 503519
APN: 640712312710-1
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