$235,000
SOLD DEC 22, 2021
3 Beds
3 Baths
1,982 Sq Ft
2,004 Sq Ft Lot

Recently Sold

$119 Per Sq Ft

4% Above List Price

51 Days on Market

About This Home

As of December 2021

**INVESTOR ALERT** 3-unit in downtown Allentown, close to City Center's vibrant restaurants, hockey arena, shops and new hi-rise construction. Units were recently renovated and have been well-maintained by Owner. The current rents are under-market so there is opportunity here to have a strong cash-flowing building with lower maintenance costs - smaller roof and newer mechanicals. This would also be great for any house hackers who want to live in one unit and rent out the other two. Another great benefit is the low taxes and insurance costs. This property also comes with two off-street parking spots in back of the building - another big plus. With the right savvy investor, and little effort, this one will be great for any portfolio!! Tenant occupied.

Last Agent to Sell the Property

Lenore Mohr

Keller Williams Northampton Listed on: 08/31/2021

Keller Williams Northampton

Last Buyer's Agent

Lenore Mohr

Keller Williams Northampton Listed on: 08/31/2021

Keller Williams Northampton

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,344

Year Built

  • Built in 1890

Lot Details

  • 2,004 Sq Ft Lot

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,982 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Home Security

Parking

  • 2 Parking Spaces
  • Paved Parking

Utilities

  • No Cooling
  • Baseboard Heating

Listing and Financial Details

  • Assessor Parcel Number 549791047775 001

Community Details

Building Details

  • Electric Expense $1,440
  • Insurance Expense $864
  • Water Sewer Expense $1,130
  • Operating Expense $6,078
  • Gross Income $26,400
  • Net Operating Income $20,322

Additional Features

  • 3 Units
  • Fire Escape

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,344

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Apartment Style, Row/Townhouse
  • County Assessment: 76200.00
  • Stories: 3.0
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1890
  • Year Built Exception: Unknown
  • Special Features: None

Interior Features

  • Features: Fire Escape
  • Bathrooms: 3
  • Full Bathrooms: 3
  • Bedrooms: 3
  • Square Footage: 1982

Exterior Features

  • Construction: Brick

Garage/Parking

  • Parking: Paved Lot
  • Parking Spaces: 2

Utilities

  • Cooling: No Air
  • Heat Type: Baseboard, Electric
  • Sewer: Public
  • Water: Public
  • Electric: 1440
  • Gas: 300
  • Insurance: 864
  • Water Sewer: 1130

Fee Information

  • Operating Expense: 6078

Schools

  • School District: Allentown

Lot Info

  • Acres: 0.046
  • Lot Sq Ft: 2004
  • Zoning Code: R-Mh-Medium High Density Residential

Tax Info

  • Assessor Parcel Number: 549791047775 001
  • County Taxes: 288.04
  • Municipal Taxes: 465.26
  • Total Taxes: 2344.15

Multi Family

  • School Taxes: 1590.85
  • Total Units: 3
  • Total Unit Count: 3

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Range of Values:

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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
10/01/2023 10/01/23 Rented $1,000 0.0% --
10/01/2023 10/01/23 Under Contract -- -- --
10/01/2023 10/01/23 For Rent $1,000 0.0% --
12/22/2021 12/22/21 Sold $235,000 +4.5% $119 / Sq Ft
10/21/2021 10/21/21 Pending -- -- --
08/31/2021 08/31/21 For Sale $224,900 +399.8% $113 / Sq Ft
02/11/2014 02/11/14 Sold $45,000 -40.0% $22 / Sq Ft
12/15/2013 12/15/13 Pending -- -- --
10/16/2013 10/16/13 For Sale $75,000 -- $37 / 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: 674375

Greater Lehigh Valley REALTORS®

APN: 549791047775-1