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Key Details
Sold Price $412,000
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 2,784 sqft
Price per Sqft $147
MLS Listing ID PALH2007496
Sold Date 03/15/24
Style Other
Abv Grd Liv Area 2,784
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $3,103
Tax Year 2022
Lot Size 1,457 Sqft
Acres 0.03
Lot Dimensions 19.96 x 73.00
Property Description
3-unit Historic building 2 blocks from PPL building. Projected $49800 gross $42000 Net income 10% cap. Actuals rents are $1400/$1300 and $850 $42600 gross actual. All the utilities are separate so tenants pay, and the water is metered separated so you can charge tenants. Furnaces are 5 years old. Newer water heaters, Owner redid kitchens and has fixed all that has been needed. The 3 bedrooms easily can be $1550, and the 1 bedroom can be $1100. The units are large with beautiful wood floors throughout. The owner has painstakingly brought the historic look back to the building all repainted front with beautiful entranceway, He has all the wood floors back to life, beautiful woodwork in the hallway and stairs. All units are occupied with room to go up on the rents. This is downtown Allentown where it is easy to keep rented. Close to great restaurants and to major roads and highways.
Location
State PA
County Lehigh
Area Allentown City (12302)
Zoning R-MH
Interior
Hot Water Electric
Heating Radiator
Cooling None
Fireplace N
Heat Source Natural Gas
Exterior
Waterfront N
Water Access N
Accessibility 2+ Access Exits
Parking Type Off Site, On Street
Garage N
Building
Foundation Brick/Mortar, Concrete Perimeter, Stone
Sewer Public Septic
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Allentown
Others
Tax ID 549791504434-00001
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
Financing Cash,Conventional,FHA,VA
Special Listing Condition Standard
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Bought with james J Reardon • eXp Commercial
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "