NOT LISTED FOR SALE
-- Bed
-- Bath
2,346 Sq Ft
3,312 Sq Ft Lot

Last Sold February 05, 2014

Last sale price $155,000 $66 Per Sq Ft

Highlights

  • No HOA
  • En-Suite Primary Bedroom
  • Replacement Windows
  • Security Gate
  • Baseboard Heating
  • Wall to Wall Carpet

About This Home

As of February 2014

Priced to sell! Here is the perfect opportunity to own an investment property consisting of 6 studio apartments. This is a unique and well maintained building that will produce an excellent return on your investment for many years to come. 12.4% CAP rate! There are six studio apartments which average 400 sq ft. All have gas cooking and electric heat with separate meters for all units. Landlord pays water and sewer which is about $1300 per year. Property is 100% occupied and has an excellent rental history and long term Tenants. Current owner keeps the building in great condition! Recent improvements include newer roof, windows and water heaters. Converted from oil heat to gas cooking and electric heat with all meters separate. A perfect first time investment property or for any experienced investor looking to significantly improve their cap rate and portfolio.

Last Agent to Sell the Property

Michael Choplin

RE/MAX Services Listed on: 08/03/2013

RE/MAX Services

Last Buyer's Agent

Michael Choplin

RE/MAX Services Listed on: 08/03/2013

RE/MAX Services

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1946

Lot Details

  • 3,312 Sq Ft Lot
  • Lot Dimensions are 36x92
  • Southwest Facing Home
  • Property is in good condition

Parking

  • On-Street Parking

Home Design

  • Converted Dwelling
  • Flat Roof Shape
  • Brick Exterior Construction

Interior Spaces

  • En-Suite Primary Bedroom
  • 2,346 Sq Ft Home
  • Replacement Windows
  • Unfinished Basement
  • Partial Basement
  • Security Gate

Flooring

  • Wall to Wall Carpet
  • Vinyl

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 008
  • Assessor Parcel Number 549782640243-00001

Community Details

Overview

  • No Home Owners Association

Building Details

  • Insurance Expense $1,213
  • Other Expense $410
  • Operating Expense $8,680

Property Details

Home Type

Multi-Family

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Architectural Style: Converted Dwelling
  • Ownership: Fee Simple
  • Inclusions: Refrigerators & Gas Ranges In Each Unit.
  • New Construction: No
  • Other Expense: 410.00
  • Storage: Basement
  • Year Built: 1946
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring Type: Fully Carpeted, Vinyl
  • Window Features: Replacement
  • Fireplace: No
  • Entry Location: Common
  • Room List: Master Bedroom
  • Basement: Yes
  • Basement Type: Partial, Unfinished
  • Total Sq Ft: 2346
  • Living Area Sq Ft: 2346
  • Price Per Sq Ft: 72.04
  • Above Grade Finished Sq Ft: 2346
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • Construction Completed: No
  • Exterior Features: Sidewalks, Street Lights
  • Roof: Flat
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Street
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Wall Unit
  • Heating Fuel: Electric
  • Heating Type: Electric, Baseboard
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Security Gate
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Sewer Expenses: 1303.00
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Schools

  • School District: ALLENTOWN
  • School District Key: 300200397387

Lot Info

  • Improvement Assessed Value: 176000.00
  • Land Assessed Value: 36000.00
  • Land Use Code: 1144
  • Lot Size Acres: 0.08
  • Lot Dimensions: 36X92
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3312.00
  • Property Condition: Good
  • Zoning: R-MH

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 29760.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6
  • Single Room Units Count: 6

Tax Info

  • Assessor Parcel Number: 3913376
  • Tax Annual Amount: 5754.00
  • Assessor Parcel Number: 549782640243-00001
  • Tax Lot: 008
  • Tax Year: 2014
  • Close Date: 02/05/2014

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
02/05/2014 02/05/14 Sold $155,000 -18.0% $66 / Sq Ft
01/15/2014 01/15/14 Pending -- -- --
08/03/2013 08/03/13 For Sale $189,000 -- $81 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1003542216

Bright MLS

APN: 549782640243-1