NOT LISTED FOR SALE

917 W Liberty St Unit 921 Allentown, PA 18102

Center City Neighborhood

Estimated Value: $214,000 - $446,000

18 Beds
11 Baths
12,669 Sq Ft
$27/Sq Ft Est. Value

Last Sold December 06, 2019

Last sale price $825,000 $65 Per Sq Ft

Current estimated payment $2,412/month

42 Days on Market

About This Home

As of December 2019

10 UNIT ALLENTOWN APARTMENT COMPLEX ~ 9 RESIDENTIAL UNITS / 1 COMMERCIAL UNIT WITH ON SITE PARKING ~ MOST OF THE UNITS ARE RECENTLY REMODELED AND FULLY OCCUPIED ~ $98K+ GROSS ANNUAL INCOME ~ 8.38% CAPITALIZATION RATE WITH RESERVES TAKEN OUT FOR VACANCY, MAINTENANCE, MANAGEMENT AND FUTURE REPLACEMENT RESERVES ~ TENANTS PAY FOR HEAT AND ELECTRICITY. Welcome to Liberty St commons! The complex is three buildings and a small parking lot on one parcel made up of two 4-bedroom units, three 2-bedroom units, four 1-bedroom units and one commercial unit. All units are occupied with leases in place. Turn key investment and will be sold with a clear Allentown Certificate of Occupancy. Click on the video for a tour of the property and contact the listing agent for detailed income and expenses. Call today for a showing and take part in the revitalization of downtown Allentown!

Last Listed By

Charalambos Papageorgiou

Emerald Realty Group Listed on: 05/30/2019

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $5,312

Year Built

  • Built in 1900

Lot Details

  • 7,057

Home Design

  • 12,669 Sq Ft Home
  • Commercial or Retail Space
  • Brick Exterior Construction
  • Frame Construction

Bedrooms and Bathrooms

  • 18 Bedrooms

Parking

  • 4 Parking Spaces
  • Paved Parking

Utilities

  • No Cooling
  • Baseboard Heating

Listing and Financial Details

  • Assessor Parcel Number 549782759105001

Community Details

Overview

  • 10 Units

Building Details

  • Gross Income $98,000
  • Net Operating Income $69,100

Property Details

Home Type

Apartment

Est. Annual Taxes

$5,312

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, Complex
  • County Assessment: 153900.00
  • Street Number Modifier: 921
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1900
  • Special Features: None

Interior Features

  • Bathrooms: 11
  • Full Bathrooms: 9
  • Half Bathrooms: 2
  • Bedrooms: 18
  • Square Footage: 12669

Exterior Features

  • Construction: Aluminum, Brick, Frame

Garage/Parking

  • Parking: Paved Lot
  • Parking Spaces: 4

Utilities

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

Schools

  • School District: Allentown

Lot Info

  • Zoning Code: Rmh

Tax Info

  • Assessor Parcel Number: 549782759105001
  • Total Taxes: 5312.37

Multi Family

  • Total Units: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 30, 2019
Closed on
Dec 6, 2019
Sold by
Liberty Metro Lp
Bought by
Leftykiki Llc
Seller's Agent
Charalambos Papageorgiou
Emerald Realty Group
Buyer's Agent
Kristine McCreary-Williams
Full CircleRealty&PropertyMgmt
List Price
$825,000
Sold Price
$825,000
Total Days on Market
42
Current Estimated Value
$344,700

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$480,300
Avg. Annual Appreciation
-14.72%
Original Mortgage
$618,750
Outstanding Balance
$552,837
Interest Rate
3.75%
Mortgage Type
Commercial
Estimated Equity
-$208,137

Purchase Details

Listed on
Jul 22, 2014
Closed on
Aug 21, 2014
Sold by
Reviresco Redux Inc
Bought by
Lbierty Metro Lp
Seller's Agent
Christopher Hanna
RE/MAX Real Estate
Buyer's Agent
Mario Castanhas
IronValley RE of Lehigh Valley
List Price
$117,000
Sold Price
$100,000
Premium/Discount to List
-$17,000
-14.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
48.91%
Original Mortgage
$132,000
Interest Rate
4.12%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jul 11, 2007
Sold by
Est Of Matilda M Long
Bought by
Trst L L C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$445,000
Interest Rate
6.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 1, 1979
Bought by
Long Matilda M

Range of Values:

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Average Value
Not Available
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
Leftykiki Llc $825,000 Abe Settlement Services Llc
Lbierty Metro Lp $100,000 None Available
Trst L L C $319,000 --
Long Matilda M $53,300 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lv Capital Acquisitions Llc $29,000
Open Leftykiki Llc $618,750
Previous Owner Lbierty Metro Lp $350,000
Previous Owner Liberty Metro Lp $115,000
Previous Owner Liberty Metro Lp $132,000
Previous Owner Lbierty Metro Lp $132,000
Previous Owner Trst L L C $445,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/06/2019 12/06/19 Sold $825,000 0.0% $65 / Sq Ft
07/11/2019 07/11/19 Pending -- -- --
05/30/2019 05/30/19 For Sale $825,000 +725.0% $65 / Sq Ft
08/21/2014 08/21/14 Sold $100,000 -14.5% $9 / Sq Ft
07/25/2014 07/25/14 Pending -- -- --
07/22/2014 07/22/14 For Sale $117,000 -- $11 / Sq Ft
Source: Greater Lehigh Valley REALTORS®

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 $5,782 $153,900 $54,000 $99,900
2024 $5,782 $153,900 $54,000 $99,900
2023 $5,782 $153,900 $54,000 $99,900
2022 $5,607 $153,900 $99,900 $54,000
2021 $5,511 $153,900 $54,000 $99,900
2020 $5,387 $153,900 $54,000 $99,900
2019 $5,312 $153,900 $54,000 $99,900
2018 $4,848 $153,900 $54,000 $99,900
2017 $4,741 $153,900 $54,000 $99,900
2016 -- $153,900 $54,000 $99,900
2015 -- $439,200 $54,000 $385,200
2014 -- $439,200 $54,000 $385,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lehigh Valley REALTORS®

MLS Number: 612398

Greater Lehigh Valley REALTORS®

APN: 549782759105-1