$235,000
SOLD NOV 27, 2013

745 N 20th St Allentown, PA 18104

West End Allentown Neighborhood
4 Beds
4 Baths
3,168 Sq Ft
6,146 Sq Ft Lot

Recently Sold

$74 Per Sq Ft

4% Below List Price

21 Days on Market

Highlights

  • Wood Flooring
  • Baseboard Heating
  • 2 Car Garage

About This Home

As of March 2023

FANTASTIC INVESTMENT OPPORTUNITY in this well-maintained 4 unit multifamily in Allentown's highly desirable West End. This property consists of TWO SEPERATE PARCELS with 4-1BR units FULLY OCCUPIED with 2-1 car garages. Assuming a 5% vacancy factor, current rents reflect an 8.2% cap rate and 10.7% cash on cash return with a commercial loan based on 20% down, an interest rate of 4.5%, amortized over a 20 year term. Building to be sold with a clear certificate of occupancy from the City of Allentown. This is a fantastic asset to add to any new or existing real estate portfolio and will not last. Heating is in the process of being converted to gas by UGI and will be completed prior to settlement. Please contact listing agent for additional details and financial reports.

Last Agent to Sell the Property

Bob Brown

Realty 365 License #RS228027L Listed on: 10/01/2013

Co-Listed By

Shane Keyser

CENTURY 21 Keim Realtors

Last Buyer's Agent

Rudy Amelio

Rudy Amelio Real Estate

Rudy Amelio Real Estate

Townhouse Details

Home Type

  • Townhome

Year Built

  • Built in 1928

Lot Details

  • 6,146 Sq Ft Lot

Parking

  • 2 Car Garage

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 3,168 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Home Security

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas
  • Baseboard Heating
  • Hot Water Heating System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 549721251191001

Community Details

Building Details

  • Insurance Expense $1,600
  • Maintenance Expense $600
  • Water Sewer Expense $800
  • Operating Expense $11,080
  • Gross Income $34,680
  • Net Operating Income $23,600

Additional Features

  • 4 Units
  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Both Halves, Row/Townhouse, Semi Detached/Twin
  • Technology: Cable, Smk Detector Battery
  • County Assessment: 232500.00
  • Stories: 2.0
  • Street Number Modifier: 747
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1928
  • Special Features: None

Interior Features

  • Features: Hardwood, Wash/Dry Hook-ups
  • Bathrooms: Modern
  • Bathrooms: 4
  • Full Bathrooms: 4
  • Bedrooms: 4
  • Square Footage: 3168

Exterior Features

  • Construction: Brick

Garage/Parking

  • Parking: Garage
  • Parking Spaces: 2

Utilities

  • Cooling: Window AC
  • Heat Type: Baseboard, Electric, Gas, Hot Water
  • Sewer: Public
  • Water: Public
  • Heat: 3000
  • Insurance: 1600
  • Water Sewer: 800

Condo/Co-op/Association

  • Maintenance Repair: 600

Fee Information

  • Operating Expense: 11080

Schools

  • School District: Allentown

Lot Info

  • Acres: 0.141
  • Lot Sq Ft: 6146
  • Zoning Code: R-M

Tax Info

  • Assessor Parcel Number: 549721251191001
  • County Taxes: 881.18
  • Municipal Taxes: 1172.88
  • Total Taxes: 6079.81

Multi Family

  • School Taxes: 4025.97
  • Total Units: 4
  • Total Unit Count: 4

MLS Schools

  • School District: Allentown

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Range of Values:

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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
03/16/2023 03/16/23 Sold $480,000 0.0% $152 / Sq Ft
01/18/2023 01/18/23 Pending -- -- --
01/03/2023 01/03/23 For Sale $479,900 0.0% $151 / Sq Ft
01/03/2023 01/03/23 Price Changed $479,900 -3.1% $151 / Sq Ft
12/20/2022 12/20/22 Pending -- -- --
12/10/2022 12/10/22 Price Changed $495,000 -2.8% $156 / Sq Ft
12/01/2022 12/01/22 Price Changed $509,000 -7.3% $161 / Sq Ft
10/28/2022 10/28/22 For Sale $549,000 +133.6% $173 / Sq Ft
11/27/2013 11/27/13 Sold $235,000 -4.0% $74 / Sq Ft
10/22/2013 10/22/13 Pending -- -- --
10/01/2013 10/01/13 For Sale $244,900 -- $77 / Sq Ft
Source: Greater Lehigh Valley REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Rudy Amelio

    Seller's Agent in 2023

    Rudy Amelio

    Rudy Amelio Real Estate

    (610) 437-5501

    41 in this area

    398 Total Sales

    Rudy Amelio
    Section Image
  • Jennifer Hart

    Seller Co-Listing Agent in 2023

    Jennifer Hart

    Rudy Amelio Real Estate

    (484) 767-3337

    33 in this area

    250 Total Sales

    Jennifer Hart
    Section Image

  • D

    Buyer's Agent in 2023

    Dillon Azar

    Lehigh Valley Just Listed LLC

    (484) 515-3743

    1 in this area

    25 Total Sales

    Dillon Azar
    Section Image
  • Bob Brown

    Seller's Agent in 2013

    Bob Brown

    Realty 365

    (610) 776-7676

    9 in this area

    58 Total Sales

    Bob Brown
    Section Image
  • Shane Keyser

    Seller Co-Listing Agent in 2013

    Shane Keyser

    CENTURY 21 Keim Realtors

    (610) 509-4768

    2 in this area

    43 Total Sales

    Shane Keyser
    Section Image
See All Agents

Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 459659

Greater Lehigh Valley REALTORS®

APN: 549721251191-1

Pennsylvania Lehigh County Allentown 18104 West End Allentown

745 N 20th St, Allentown, PA

This home is located at 745 N 20th St, Allentown, PA 18104 and is currently priced at $235,000, approximately $74 per square foot. This property was built in 1928. 745 N 20th St is a home located in Lehigh County with nearby schools including Muhlenberg Elementary School, Trexler Middle School, and William Allen High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Greater Lehigh Valley REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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