NOT LISTED FOR SALE
9 Beds
6.5 Baths
3,464 Sq Ft
2,300 Sq Ft Lot

Last Sold July 28, 2020

Last sale price $360,000 $104 Per Sq Ft

39 Days on Market

Highlights

  • Wood Flooring
  • Storm Windows
  • 7 Car Garage
  • Balcony
  • Baseboard Heating
  • Historic Home

About This Home

As of July 2020

This is your chance to own a FULLY OCCUPIED Investment Property 7 units - 5 UNIT main building and rented GARAGE Carriage House with an additional apartment UNIT above. Main unit includes a full Landlord storage area accessible via an outside door with a 1/2 bath in the basement. New code compliant fire escape, and new electric and baseboard heat recently installed (2019). Located in the Old Historic District of Allentown, just steps away from the PPL Center and the revitalization in downtown Allentown! Perfect for a new investor to be owner occupant or to add to your portfolio. The Monthly rental income is $4355 and the TAXES are LOW! This is a turnkey operation with (3) ONE and (3) TWO bedroom apartments. Old world charm throughout with hardwood detail and new vinyl plank flooring (2019). Amazing opportunity, schedule your appointment today! Showings only granted if a verifiable bank statement with contact information is provided or a pre-approval by a reputable local company.

Last Agent to Sell the Property

Melissa Sterner

Keller Williams Allentown Listed on: 05/15/2020

Last Buyer's Agent

Jennifer de Jesus

Steel City Realty

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $4,837

Year Built

  • Built in 1930

Lot Details

  • 2,300 Sq Ft Lot
  • Lot Dimensions are 20 x 115
  • Historic Home

Parking

  • 7 Car Garage

Home Design

  • Converted Dwelling
  • Brick Exterior Construction

Interior Spaces

  • 3,464 Sq Ft Home
  • 3-Story Property

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 9 Bedrooms

Home Security

Outdoor Features

  • Balcony

Utilities

  • No Cooling
  • Baseboard Heating
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 549782939776 001

Community Details

Overview

  • 7 Units

Building Details

  • Electric Expense $427
  • Insurance Expense $1,307
  • Maintenance Expense $3,200
  • Manager Expense $4,133
  • Other Expense $500
  • Water Sewer Expense $2,547
  • Operating Expense $16,593
  • Gross Income $51,660
  • Net Operating Income $31,451

Security

  • Storm Windows
  • Fire and Smoke Detector
  • Fire Escape

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$4,837

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Investment Property
  • Property Sub Type: Investment Property
  • Property Sub Type Category: Apartment Style, Converted, Row/Townhouse
  • Technology: Cable, Smk Detector Battery, Smoke Detector Wired
  • County Assessment: 166700.00
  • Stories: 3.0
  • V O W Automated Valuation Dis: Yes
  • V O W Consumer Comment: Yes
  • Year Built: 1930
  • Year Built Exception: Unknown
  • Special Features: None

Interior Features

  • Features: Balcony, Fire Escape, Hardwood, Historic, Rewired, Storm Windows, Wall-to-Wall Carpet
  • Bathrooms: 7
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Bedrooms: 9
  • Square Footage: 3464

Exterior Features

  • Construction: Brick

Garage/Parking

  • Parking: Garage
  • Parking Spaces: 7

Utilities

  • Cooling: No Air
  • Heat Type: Baseboard, Electric
  • Sewer: Public
  • Water: Public
  • Electric: 427
  • Insurance: 1307
  • Water Sewer: 2547

Condo/Co-op/Association

  • Maintenance Repair: 3200
  • Management: 4133

Fee Information

  • Operating Expense: 16593

Schools

  • School District: Allentown

Lot Info

  • Acres: 0.053
  • Lot Dimensions: 20 x 115
  • Lot Sq Ft: 2300
  • Zoning Code: R-MH

Rental Info

  • Other Expenses: 500

Tax Info

  • Assessor Parcel Number: 549782939776 001
  • County Taxes: 606.79
  • Municipal Taxes: 883.51
  • Total Taxes: 4836.70

Multi Family

  • School Taxes: 3346.40
  • Total Units: 7
  • Total Unit Count: 7

Range of Values:

Collateral Analytics

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Average Value
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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
07/28/2020 07/28/20 Sold $360,000 -7.7% $104 / Sq Ft
06/23/2020 06/23/20 Pending -- -- --
05/15/2020 05/15/20 For Sale $390,000 +41.3% $113 / Sq Ft
06/15/2018 06/15/18 Sold $276,000 -12.4% $80 / Sq Ft
05/13/2018 05/13/18 Pending -- -- --
04/19/2018 04/19/18 For Sale $314,900 +44.8% $91 / Sq Ft
06/18/2015 06/18/15 Sold $217,500 -17.9% $63 / Sq Ft
04/29/2015 04/29/15 Pending -- -- --
08/16/2014 08/16/14 For Sale $265,000 -- $77 / Sq Ft
Source: Greater Lehigh Valley REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Source: Greater Lehigh Valley REALTORS®

MLS Number: 634084

Greater Lehigh Valley REALTORS®