$525,000
$550,000
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1,815 SqFt
SOLD DATE : 12/22/2023
Key Details
Sold Price $525,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 1,815 sqft
Price per Sqft $289
MLS Listing ID PALH2007182
Sold Date 12/22/23
Originating Board BRIGHT
Year Built 1910
Annual Tax Amount $5,746
Tax Year 2022
Lot Size 4,800 Sqft
Acres 0.11
Lot Dimensions 40.00 x 120.00
Property Description
$62K GROSS, $47K NET, offer at 9.2% CAP with property management. Owners just completely renovated this turnkey multi-family investment, sold with a CLEAR CO & 3 (three) modern apartments & 6 (six), and single-car garages, across three structures, on one parcel, with the potential to build on the corner. The 1st building is a single-family home with 3BR/1.5 BA, with a brand new kitchen, new paint, updated floors, 1st FL wash/dryer & significant upgrades throughout. The 2nd & 3rd buildings each hold 1-BR/1BA apartments. Both 1BR apartments have been completely remodeled with Brand NEW paint, flooring, NEW appliances, NEW washers/dryers, updated electric, etc. Ten-year-old roof. All utilities are separated & paid by the tenant. Across the ST from Luis Ramos Elementary, Jackson Childhood Cntr, & walking distance to LV Hospital, CVS, & other amenities. Showings are limited due to occupancy. Can be purchased as portfolio with over 30 other units nearby. All apartments are now rented!
Location
State PA
County Lehigh
Area Allentown City (12302)
Zoning R-MH
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling None
Heat Source Electric
Exterior
Garage Spaces 6.0
Waterfront N
Water Access N
View City
Accessibility 2+ Access Exits
Parking Type On Street, Private Garage, Other
Total Parking Spaces 6
Garage N
Building
Foundation Stone
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Allentown
Others
Tax ID 549751432261 001
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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! "