NOT LISTED FOR SALE
2 Beds
2 Baths
1,293 Sq Ft
1,721 Sq Ft Lot

Last Sold February 27, 2024

Last sale price $210,000 $162 Per Sq Ft

5 Days on Market

About This Home

As of February 2024

Allentown 2-Unit Investment Property with Long Term Tenants already in Place Producing a 7.5% Cap Rate! Both Apartments Consist of Living Room, Kitchen, Bath & 1 Bedroom. Each Leased for $900/Month with 2 Year Lease Terms in Place. Oil Heating for Entire Building Paid by Tenants along with Water/Sewer. Call Today to Schedule Your Showing!

Last Agent to Sell the Property

Christopher Raad

Harvey Z Raad Real Estate Listed on: 02/01/2024

Last Buyer's Agent

Jared Blair

Coldwell Banker Hearthside License #RS354856

Coldwell Banker Hearthside

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,088

Year Built

  • Built in 1923

Lot Details

  • 1,721 Sq Ft Lot
  • Lot Dimensions are 14.33 x 120

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,293 Sq Ft Home
  • 2-Story Property
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Home Security

Utilities

  • No Cooling
  • Hot Water Heating System
  • Heating System Uses Oil

Listing and Financial Details

  • Assessor Parcel Number 549773440091001

Community Details

Building Details

  • Insurance Expense $1,200
  • Maintenance Expense $1,080
  • Trash Expense $950
  • Operating Expense $5,393
  • Gross Income $21,600
  • Net Operating Income $16,207

Additional Features

  • 2 Units
  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,088

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Apartment Style, Row/Townhouse
  • Technology: Smk Detector Battery
  • County Assessment: 63800.00
  • Stories: 2.0
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1923
  • Adult Comm55 Over Y N: No
  • Special Features: None

Interior Features

  • Features: Wall-to-Wall Carpet
  • Bathrooms: 2
  • Full Bathrooms: 2
  • Bedrooms: 2
  • Square Footage: 1293

Exterior Features

  • Construction: Aluminum, Brick

Utilities

  • Cooling: No Air
  • Heat Type: Hot Water, Oil
  • Sewer: Public
  • Water: Public
  • Insurance: 1200
  • Trash Removal: 950

Condo/Co-op/Association

  • Maintenance Repair: 1080

Fee Information

  • Operating Expense: 5393

Schools

  • School District: Allentown

Lot Info

  • Acres: 0.040
  • Lot Dimensions: 14.33 x 120
  • Lot Sq Ft: 1721
  • Zoning Code: R-MH-MEDIUM HIGH DENSITY RESIDENTIAL

Tax Info

  • Assessor Parcel Number: 549773440091001
  • County Taxes: 241.16
  • Municipal Taxes: 402.41
  • Total Taxes: 2088.21
  • Taxes: 2088

Multi Family

  • School Taxes: 1444.64
  • Total Units: 2
  • Total Unit Count: 2

MLS Schools

  • School District: Allentown

Range of Values:

Collateral Analytics

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ICE

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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
02/27/2024 02/27/24 Sold $210,000 -4.5% $162 / Sq Ft
02/06/2024 02/06/24 Pending -- -- --
02/01/2024 02/01/24 For Sale $219,900 -- $170 / 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: 732433

Greater Lehigh Valley REALTORS®

APN: 549773440091-1