NOT LISTED FOR SALE

828 Main Rd Lehighton, PA 18235

Estimated Value: $310,475

-- Bed
5 Baths
3,880 Sq Ft
$80/Sq Ft Est. Value

Last Sold September 30, 2024

Last sale price $300,000 $77 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $2,012/month

114 Days on Market

Highlights

  • Wood Flooring
  • Hot Water Baseboard Heater
  • 1-minute walk to Phifer's Ice Dam Park

About This Home

As of September 2024

Fantastic Investment opportunity, 3 Unit Rental Investment property. two- 3 Bedroom, townhouse style units in the rear and a Deli in the front of the property. 10+% CAP Rate with $38,249 Net Income! Check out this cash cow today! Excellent location directly across from the Phifer's Ice dam.

Last Agent to Sell the Property

Jeff Torchia

(610) 360-6466 JEFFTORCHIA@RCN.COM Preferred Properties Plus License #SB065687 Listed on: 05/08/2024

Last Buyer's Agent

Lizeth Alanis

(484) 650-8318 laivreberks@gmail.com Iron Valley Real Estate of Berks License #RS352024

Iron Valley Real Estate of Berks

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,311

Year Built

  • Built in 1900

Lot Details

  • 0.48 Acre Lot
  • Property is in good condition

Parking

  • Driveway

Home Design

  • Triplex
  • Stone Foundation
  • Shingle Roof
  • Metal Roof
  • Aluminum Siding
  • Stucco

Interior Spaces

  • 3,880 Sq Ft Home
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Utilities

  • Window Unit Cooling System
  • Heating System Uses Oil
  • Hot Water Baseboard Heater
  • Oil Water Heater
  • Municipal Trash
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 70C-12-95

Community Details

Overview

  • 3 Units

Building Details

  • 1 Vacant Unit
  • Insurance Expense $1,600
  • Trash Expense $1,920
  • Net Operating Income $38,249

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,311

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Flooring Type: Carpet, Ceramic Tile, Wood
  • Interior Amenities: Wood Floors
  • Fireplace: No
  • Foundation Details: Stone
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 3880
  • Living Area Sq Ft: 3880
  • Price Per Sq Ft: 83.76
  • Above Grade Finished Sq Ft: 3880
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Aluminum Siding, Stucco
  • Roof: Shingle, Metal
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Driveway

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Oil
  • Heating Type: Baseboard - Hot Water
  • Heating: Yes
  • Hot Water: Oil
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv, Water Available, Sewer Available
  • Water Source: Public
  • Municipal Trash: Yes

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.48
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 20908.80
  • Property Condition: Good
  • Zoning: COMMERCIAL

Rental Info

  • Existing Lease Type: Gross
  • Number Of Units Month To Month: 1
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • School Tax: 3166.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 4311.20
  • Assessor Parcel Number: 70C-12-95
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

Multi Family

  • Number Of Units Vacant: 1
  • Gross Income: 44160.00

MLS Schools

  • School District Name: LEHIGHTON AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 8, 2024
Closed on
Oct 3, 2024
Sold by
Morrissey Kevin R
Bought by
Yerk Scott
Seller's Agent
Jeff Torchia
Preferred Properties Plus
Buyer's Agent
Lizeth Alanis
Iron Valley Real Estate of Berks
List Price
$379,900
Sold Price
$300,000
Premium/Discount to List
-$79,900
-21.03%
Views
110
Current Estimated Value
$310,475

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,475
Avg. Annual Appreciation
2.95%

Purchase Details

Closed on
Dec 2, 2003
Bought by
Morrissey Kevin R
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
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

Purchase History

Date Buyer Sale Price Title Company
Yerk Scott $300,000 None Listed On Document
Morrissey Kevin R $120,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2024 09/30/24 Sold $300,000 -7.7% $77 / Sq Ft
08/30/2024 08/30/24 Pending -- -- --
05/29/2024 05/29/24 Price Changed $325,000 -9.7% $84 / Sq Ft
05/22/2024 05/22/24 Price Changed $359,900 -2.7% $93 / Sq Ft
05/18/2024 05/18/24 Price Changed $369,900 -2.6% $95 / Sq Ft
05/08/2024 05/08/24 For Sale $379,900 -- $98 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,596 $60,000 $7,050 $52,950
2024 $4,356 $60,000 $7,050 $52,950
2023 $4,311 $60,000 $7,050 $52,950
2022 $4,311 $60,000 $7,050 $52,950
2021 $4,078 $60,000 $7,050 $52,950
2020 $4,078 $60,000 $7,050 $52,950
2019 $3,898 $60,000 $7,050 $52,950
2018 $3,898 $60,000 $7,050 $52,950
2017 $3,898 $60,000 $7,050 $52,950
2016 -- $60,000 $7,050 $52,950
2015 -- $60,000 $7,050 $52,950
2014 -- $60,000 $7,050 $52,950
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PACC2004158

Bright MLS

APN: 70C-12-95