745 N 20th St Allentown, PA 18104
West End Allentown Neighborhood
4
Beds
4
Baths
3,168
Sq Ft
6,146
Sq Ft Lot
Highlights
- Wood Flooring
- Baseboard Heating
- 2 Car Garage
About This Home
As of March 2023FANTASTIC 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.
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
Map
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Similar Homes in Allentown, PA
Home Values in the Area
Average Home Value in this Area
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®
Source: Greater Lehigh Valley REALTORS®
MLS Number: 459659
APN: 549721251191-1
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.
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