$242,000
SOLD MAR 4, 2016
15 Beds
6 Baths
5,646 Sq Ft
2,178 Sq Ft Lot

Recently Sold

$43 Per Sq Ft

19% Below List Price

249 Days on Market

Highlights

  • Wood Flooring
  • Balcony
  • Baseboard Heating

About This Home

As of January 2021

Welcome to "The New Allentown". This 6 unit property is within walking distance to all of the revitalization efforts. Enjoy a 17% return on your Investment. The rent rolls are strong. 2 separate buildings. The front building consists of 3 spacious 3 bedroom apartments. The rear building offers 3 2 bedroom apartments. All electric is separate. Gas service is separate as well. Owner pays water,sewer,trash and common electric. All 3 bedroom units have very sizable decks adding to the appeal to renters. Many upgrades have been done over the past few years. This would make a great add to your investment portfolio.......

Last Agent to Sell the Property

Jason Hall

Cassidon Property Management Listed on: 05/07/2015

Last Buyer's Agent

Jolene Zito

Coldwell Banker Hearthside

Coldwell Banker Hearthside

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $4,568

Year Built

  • Built in 1900

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 5,646 Sq Ft Home
  • 3-Story Property

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 15 Bedrooms
  • 6 Full Bathrooms

Home Security

  • Fire and Smoke Detector
  • Fire Escape

Outdoor Features

  • Balcony

Utilities

  • No Cooling
  • Baseboard Heating
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 640702047467001

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $556
  • Insurance Expense $1,700
  • Water Sewer Expense $1,800
  • Operating Expense $4,650
  • Gross Income $47,635
  • Net Operating Income $42,985

Property Details

Home Type

Apartment

Est. Annual Taxes

$4,568

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, Complex
  • Technology: Cable, Smk Detector Battery
  • County Assessment: 174600.00
  • Stories: 3.0
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1900
  • Special Features: None

Interior Features

  • Features: Balcony, Fire Escape, Hardwood, Wall-to-Wall Carpet
  • Bathrooms: Semi Modern
  • Bathrooms: 6
  • Full Bathrooms: 6
  • Bedrooms: 15
  • Square Footage: 5646

Exterior Features

  • Construction: Brick

Utilities

  • Cooling: No Air
  • Heat Type: Baseboard, Electric
  • Sewer: Public
  • Water: Public
  • Electric: 556
  • Insurance: 1700
  • Water Sewer: 1800

Condo/Co-op/Association

  • Lawn Snow Removal: 594

Fee Information

  • Operating Expense: 4650

Schools

  • School District: Allentown

Lot Info

  • Zoning Code: B-1/R

Tax Info

  • Assessor Parcel Number: 640702047467001
  • County Taxes: 654.75
  • Municipal Taxes: 713.11
  • Total Taxes: 4568.05

Multi Family

  • School Taxes: 3200.19
  • Total Units: 6
  • Total Unit Count: 6

MLS Schools

  • School District: Allentown

Range of Values:

Collateral Analytics

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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
01/15/2021 01/15/21 Sold $615,000 -5.4% $109 / Sq Ft
11/13/2020 11/13/20 Pending -- -- --
11/05/2020 11/05/20 For Sale $649,900 +168.6% $115 / Sq Ft
03/04/2016 03/04/16 Sold $242,000 -19.3% $43 / Sq Ft
01/11/2016 01/11/16 Pending -- -- --
05/07/2015 05/07/15 For Sale $299,900 -- $53 / 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: 495219

Greater Lehigh Valley REALTORS®

APN: 640702047467-1