NOT LISTED FOR SALE
11 Beds
8 Baths
4,760 Sq Ft
1,917 Sq Ft Lot

Last Sold December 23, 2016

Last sale price $310,000 $65 Per Sq Ft

92 Days on Market

Highlights

  • Baseboard Heating
  • 3 Car Garage
  • 2-minute walk to Stevens Park

About This Home

As of December 2016

Corner Property in Allentown's Fairgrounds Neighborhood. Eight units and three car garage. Five units are one bedrooms apartments and three units are two bedroom apartments. Fully rented, priced at a 12% cap rate. Close to all amenities of the down town area!

Last Agent to Sell the Property

Dwight Musselman

CENTURY 21 Keim Realtors License #AB068471 Listed on: 07/11/2016

CENTURY 21 Keim Realtors

Co-Listed By

Shane Keyser

CENTURY 21 Keim Realtors

Last Buyer's Agent

Joseph Chojnowski

Keller Williams Allentown

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $7,334

Year Built

  • Built in 1885

Lot Details

  • 1,917 Sq Ft Lot

Parking

  • 3 Car Garage

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 4,760 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 8 Full Bathrooms

Utilities

  • No Cooling
  • Baseboard Heating

Listing and Financial Details

  • Assessor Parcel Number 640703550941001

Community Details

Overview

  • 8 Units

Building Details

  • Electric Expense $360
  • Insurance Expense $2,500
  • Water Sewer Expense $3,200
  • Operating Expense $13,394
  • Gross Income $56,400
  • Net Operating Income $40,186

Property Details

Home Type

Apartment

Est. Annual Taxes

$7,334

Year Built

Built in 1885

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Apartment Style
  • County Assessment: 282600.00
  • Stories: 3.0
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1885
  • Special Features: None

Interior Features

  • Bathrooms: 8
  • Full Bathrooms: 8
  • Bedrooms: 11
  • Square Footage: 4760

Exterior Features

  • Construction: Brick

Garage/Parking

  • Parking: Garage
  • Parking Spaces: 3

Utilities

  • Cooling: No Air
  • Heat Type: Baseboard, Electric
  • Sewer: Public
  • Water: Public
  • Electric: 360
  • Insurance: 2500
  • Water Sewer: 3200

Fee Information

  • Operating Expense: 13394

Schools

  • School District: Allentown

Lot Info

  • Acres: 0.044
  • Lot Sq Ft: 1917
  • Zoning Code: R-Mh

Tax Info

  • Assessor Parcel Number: 640703550941001
  • County Taxes: 1039.97
  • Municipal Taxes: 1114.10
  • Total Taxes: 7333.76

Multi Family

  • School Taxes: 5179.69
  • Total Units: 8
  • Total Unit Count: 8

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
12/23/2016 12/23/16 Sold $310,000 -6.0% $65 / Sq Ft
10/11/2016 10/11/16 Pending -- -- --
07/11/2016 07/11/16 For Sale $329,900 -- $69 / 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: 525276

Greater Lehigh Valley REALTORS®