NOT LISTED FOR SALE
5 Beds
3 Baths
2,208 Sq Ft
1,921 Sq Ft Lot

Last Sold May 20, 2022

Last sale price $240,000 $109 Per Sq Ft

167 Days on Market

Highlights

  • Wood Flooring
  • Baseboard Heating
  • 3-minute walk to Stevens Park

About This Home

As of May 2022

INVESTOR ALERT- Fully rented, City Approved 5 Unit rooming house earning almost 11% CAP rate at purchase price. Turn Key and ready for new ownership. Property consists of garage rental, 3rd floor private apt, 4- 2 room units w/ kitchenette area in each unit. Updated electric, plumbing, windows, & hard wired smoke detectors throughout. This is one to add to your portfolio. Schedule your showing today!

Last Listed By

Jeffrey Adams

RE/MAX Real Estate License #AB068781 Listed on: 09/28/2021

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,447

Year Built

  • Built in 1890

Lot Details

  • 1,921 Sq Ft Lot

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2,208 Sq Ft Home
  • 3-Story Property
  • Wood Flooring
  • Fire Escape

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Utilities

  • No Cooling
  • Baseboard Heating

Listing and Financial Details

  • Assessor Parcel Number 640703539721 001

Community Details

Overview

  • 5 Units

Building Details

  • Insurance Expense $1,500
  • Water Sewer Expense $1,320
  • Operating Expense $7,020
  • Gross Income $36,000
  • Net Operating Income $28,980

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,447

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Apartment Style
  • County Assessment: 78700.00
  • Stories: 3.0
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1890
  • Year Built Exception: Unknown
  • Special Features: None

Interior Features

  • Features: Fire Escape, Hardwood
  • Bathrooms: 3
  • Full Bathrooms: 3
  • Bedrooms: 5
  • Square Footage: 2208

Exterior Features

  • Construction: Brick

Utilities

  • Cooling: No Air
  • Heat Type: Baseboard, Electric
  • Sewer: Public
  • Water: Public
  • Heat: 4200
  • Insurance: 1500
  • Water Sewer: 1320

Fee Information

  • Operating Expense: 7020

Schools

  • School District: Allentown

Lot Info

  • Acres: 0.044
  • Lot Sq Ft: 1921
  • Zoning Code: R-MH-Medium Density Residential

Tax Info

  • Assessor Parcel Number: 640703539721 001
  • County Taxes: 297.49
  • Municipal Taxes: 457.31
  • Total Taxes: 2447.13

Multi Family

  • School Taxes: 1692.33
  • Total Units: 5
  • Total Unit Count: 6

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
05/20/2022 05/20/22 Sold $240,000 -10.1% $109 / Sq Ft
03/14/2022 03/14/22 Pending -- -- --
03/07/2022 03/07/22 For Sale $267,000 0.0% $121 / Sq Ft
02/19/2022 02/19/22 Pending -- -- --
02/14/2022 02/14/22 Price Changed $267,000 -4.6% $121 / Sq Ft
12/07/2021 12/07/21 Price Changed $279,900 -6.7% $127 / Sq Ft
09/28/2021 09/28/21 For Sale $299,900 -- $136 / 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: 679727

Greater Lehigh Valley REALTORS®

APN: 640703539721-1