NOT LISTED FOR SALE
3 Beds
3 Baths
2,096 Sq Ft
2,400 Sq Ft Lot

Last Sold December 12, 2022

Last sale price $320,000 $153 Per Sq Ft

27 Days on Market

About This Home

As of December 2022

3 Unit TURN KEY Money Maker. $39,000 Gross Income. Below Market Rents. LOW TAXES. Solid Construction with many Renovations and Improvements. The property was fully rehabbed to make all units very appealing for easy rental, with low operating costs as an owner. Net Income of $24,000 can be raised 10-20% to meet escalating market rents. Rents include gas heat, with an owner cost of just $165 mth, and makes the apartments VERY appealing to tenants. Never has a vacancy. Tenants pay own electric and hot water. A detached garage provides additional income or huge storage space if an owner needs it. Located on the north side of Allentown with nearby parks, athletic fields, shopping, bus and transportation routes, it is a perfectly located income property for long term value and growth.

Last Agent to Sell the Property

Gary Elbert

Bellman & Radcliff Listed on: 09/30/2022

Co-Listed By

Evelyn Martinez

Bellman & Radcliff

Last Buyer's Agent

Abby Tomasic

BetterHomes&GardensRE/Cassidon

BetterHomes&GardensRE/Cassidon

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,579

Year Built

  • Built in 1910

Lot Details

  • 2,400 Sq Ft Lot

Parking

  • 2 Car Garage

Home Design

  • Semi-Detached or Twin Home
  • Converted Dwelling
  • Brick Exterior Construction

Interior Spaces

  • 2,096 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Home Security

Utilities

  • No Cooling
  • Radiator
  • Heating System Uses Steam
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 549795911349001

Community Details

Building Details

  • Electric Expense $340
  • Insurance Expense $1,940
  • Trash Expense $1,125
  • Water Sewer Expense $601
  • Operating Expense $8,604
  • Gross Income $39,000
  • Net Operating Income $23,396

Additional Features

  • 3 Units
  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,579

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Apartment Style, Converted, Semi Detached/Twin
  • Technology: Smk Detector Battery, Smoke Detector Wired
  • County Assessment: 79400.00
  • Stories: 3.0
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1910
  • Special Features: None

Interior Features

  • Bathrooms: Modern
  • Bathrooms: 3
  • Full Bathrooms: 3
  • Bedrooms: 3
  • Square Footage: 2096

Exterior Features

  • Construction: Brick

Garage/Parking

  • Parking: Garage
  • Parking Spaces: 2

Utilities

  • Cooling: No Air
  • Heat Type: Gas, Radiator, Steam
  • Sewer: Public
  • Water: Public
  • Electric: 340
  • Gas: 2018
  • Insurance: 1940
  • Trash Removal: 1125
  • Water Sewer: 601

Fee Information

  • Operating Expense: 8604

Schools

  • School District: Allentown

Lot Info

  • Acres: 0.055
  • Lot Sq Ft: 2400
  • Zoning Code: R-MH-MEDIUM HIGH DENSITY RESIDENTIAL

Tax Info

  • Assessor Parcel Number: 549795911349001
  • County Taxes: 300.13
  • Municipal Taxes: 481.42
  • Total Taxes: 2579.42

Multi Family

  • School Taxes: 1797.87
  • Total Units: 3
  • Total Unit Count: 4

Range of Values:

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ICE

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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
12/12/2022 12/12/22 Sold $320,000 -8.5% $153 / Sq Ft
10/27/2022 10/27/22 Pending -- -- --
09/30/2022 09/30/22 For Sale $349,900 -- $167 / 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: 702259

Greater Lehigh Valley REALTORS®

APN: 549795911349-1