NOT LISTED FOR SALE
12 Beds
8 Baths
7,772 Sq Ft
0.38 Acres

Last Sold February 20, 2020

Last sale price $548,000 $71 Per Sq Ft

28 Days on Market

About This Home

As of February 2020

VALUE ADD 8 UNIT APARTMENT COMPLEX IN UPPER MACUNGIE TOWNSHIP, THE FASTEST GROWING TOWNSHIP IN THE LEHIGH VALLEY WITH 10%+ GROWTH FROM 2014 TO 2018! ~ 8.4%+ PRO FORMA CAPITALIZATION RATE AT FULL ASKING PRICE WITH ALL RESERVES BEING BACKED OUT INCLUDING MANAGEMENT, MAINTENANCE AND VACANCIES ~ FOUR 2 BEDROOM APARTMENTS / FOUR 1 BEDROOM APARTMENTS, ALL BELOW MARKET RENTS ~ SEPARATE ELECTRIC HEAT PAID BY TENANTS ~ ON SITE PARKING ~ ON SITE LAUNDRY. Value add multifamily opportunity in Upper Macungie Township, the fastest growing township in the Lehigh Valley! With minimal upgrades and focused property management, month to month rents could be brought up to market in a short period of time. Current owners have made improvements to the roof, gutters, sidewalk in addition to current maintenance needs such as installing new doors where needed, painting and general maintenance of the property. Click on the video for a visual tour of the property and schedule your personal tour today!

Last Agent to Sell the Property

Charalambos Papageorgiou

Emerald Realty Group Listed on: 11/19/2019

Last Buyer's Agent

Evangelia Papadopoulos

Keller Williams Northampton

Keller Williams Northampton

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $7,504

Year Built

  • Built in 1900

Lot Details

  • 0.38 Acre Lot

Home Design

  • Brick Exterior Construction
  • Frame Construction

Interior Spaces

  • 7,772 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 8 Full Bathrooms

Parking

  • 10 Parking Spaces
  • Paved Parking

Utilities

  • No Cooling
  • Baseboard Heating

Community Details

  • 8 Units
  • Gross Income $70,200

Listing and Financial Details

  • Assessor Parcel Number 545672276260001

Property Details

Home Type

Apartment

Est. Annual Taxes

$7,504

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
  • County Assessment: 369300.00
  • Stories: 3.0
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1900
  • Special Features: None

Interior Features

  • Bathrooms: 8
  • Full Bathrooms: 8
  • Bedrooms: 12
  • Square Footage: 7772

Exterior Features

  • Construction: Brick, Frame

Garage/Parking

  • Parking: Paved Lot
  • Parking Spaces: 10

Utilities

  • Cooling: No Air
  • Heat Type: Baseboard, Electric
  • Sewer: Public
  • Water: Public

Schools

  • School District: Parkland

Lot Info

  • Acres: 0.382
  • Lot Sq Ft: 16640
  • Zoning Code: NC-NEIGHBORHOOD COMMERCIAL

Tax Info

  • Assessor Parcel Number: 545672276260001
  • County Taxes: 1395.95
  • Municipal Taxes: 236.35
  • Total Taxes: 7504.17

Multi Family

  • School Taxes: 5871.87
  • Total Units: 8

Range of Values:

Collateral Analytics

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ICE

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Quantarium

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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
02/20/2020 02/20/20 Sold $548,000 -2.1% $71 / Sq Ft
12/17/2019 12/17/19 Pending -- -- --
11/19/2019 11/19/19 For Sale $560,000 -- $72 / 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: 629223

Greater Lehigh Valley REALTORS®