NOT LISTED FOR SALE
12 Beds
10 Baths
8,762 Sq Ft
1900 Built

Last Sold May 07, 2021

Last sale price $825,000 $94 Per Sq Ft

264 Days on Market

About This Home

As of May 2021

MAKE THIS FANTASTIC PROPERTY YOUR NEW YEAR RESOLUTION! IT HAS A CLEAR CERTIFICATE OF OCCUPANCY FROM THE CITY OF ALLENTOWN! SEE THE UPDATED PICTURES OF THE BARBER SHOP. It is located at a heavily traveled area of Allentown can be your NEW Investment property. 11 UNITS!!! This investment property includes 6 commercial units , which operate independently and 5 apartment units. $108,000 in Gross income, not including the vacant store front or laundry area. The coin laundry area will give you additional income. The tenants pay ALL of their utilities. This building is located just blocks from the city center and the Neighborhood Improvement Zone. You will begin receiving a return from day one. This building,which provides a great return for your investment is waiting for the seasoned investor to unleash its full potential. The BARBER SHOP has been completely renovated. The entire building was painted throughout! It is completely ready for its new owner.

Last Agent to Sell the Property

Felix Figueroa

BHHS Fox & Roach - Allentown Listed on: 06/04/2020

BHHS Fox & Roach - Allentown

Last Buyer's Agent

Ryan Hadeed

IronValley RE of Lehigh Valley

IronValley RE of Lehigh Valley

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $14,325

Year Built

  • Built in 1900

Home Design

  • 8,762 Sq Ft Home
  • Commercial or Retail Space
  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 10 Full Bathrooms

Parking

  • 5 Parking Spaces
  • Off-Site Parking

Utilities

  • Window Unit Cooling System
  • Heating Available

Listing and Financial Details

  • Assessor Parcel Number 640616851757001

Community Details

Overview

  • 11 Units

Building Details

  • Insurance Expense $6,000
  • Trash Expense $500
  • Water Sewer Expense $2,000
  • Operating Expense $20,000
  • Gross Income $110,400
  • Net Operating Income $80,000

Property Details

Home Type

Apartment

Est. Annual Taxes

$14,325

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, Commercial
  • Technology: Smk Detector Battery
  • County Assessment: 472700.00
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1900
  • Year Built Exception: Unknown
  • Special Features: None

Interior Features

  • Bathrooms: Semi Modern
  • Bathrooms: 10
  • Full Bathrooms: 10
  • Bedrooms: 12
  • Square Footage: 8762

Exterior Features

  • Construction: Brick

Garage/Parking

  • Parking: Off Site
  • Parking Spaces: 5

Utilities

  • Cooling: Window AC
  • Heat Type: Electric
  • Sewer: Public
  • Water: Public
  • Insurance: 6000
  • Trash Removal: 500
  • Water Sewer: 2000

Fee Information

  • Operating Expense: 20000

Lot Info

  • Zoning Code: B1/R

Tax Info

  • Assessor Parcel Number: 640616851757001
  • County Taxes: 1786.81
  • Municipal Taxes: 2669.75
  • Total Taxes: 14325.26

Multi Family

  • School Taxes: 9868.70
  • Total Units: 11
  • Total Unit Count: 11

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 List to Sale Price per Sq Ft
05/07/2021 05/07/21 Sold $825,000 -17.1% $94 / Sq Ft
02/23/2021 02/23/21 Pending -- -- --
06/04/2020 06/04/20 For Sale $995,000 -- $114 / 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: 637653

Greater Lehigh Valley REALTORS®