$172,000
$159,900
7.6%For more information regarding the value of a property, please contact us for a free consultation.
2,976 SqFt
SOLD DATE : 03/13/2020
Key Details
Sold Price $172,000
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 2,976 sqft
Price per Sqft $57
Subdivision Old Allentown
MLS Listing ID PALH113374
Sold Date 03/13/20
Style Victorian
HOA Y/N N
Abv Grd Liv Area 2,976
Originating Board BRIGHT
Year Built 1897
Annual Tax Amount $3,092
Tax Year 2019
Lot Size 2,200 Sqft
Acres 0.05
Lot Dimensions 20 x 110
Property Description
MULTIPLE OFFERS RECEIVED HIGHEST AND BEST BY 5:00PM MONDAY 2/3/2020. CALLING ALL INVESTORS! Great Opportunity to own a large three unit located in the historic district within walking distance to Hamilton Street restaurants and the PPL Center. This FULLY LEASED building offers 2-2 Bedroom and 1-bedroom Units. Current cap rate is 10.8% and rents could be raised modestly to produce a 12% cap rate. The Owner will provide a clear CO at settlement. Schedule your showing today.
Location
State PA
County Lehigh
Area Allentown City (12302)
Zoning R-MH-MEDIUM HIGH DENSITY
Rooms
Basement Full
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling None
Equipment Oven/Range - Electric, Oven/Range - Gas, Refrigerator
Fireplace N
Window Features Bay/Bow
Appliance Oven/Range - Electric, Oven/Range - Gas, Refrigerator
Heat Source None
Exterior
Utilities Available Cable TV, Fiber Optics Available, Natural Gas Available, Sewer Available, Water Available, Electric Available
Waterfront N
Water Access N
Accessibility None
Parking Type On Street
Garage N
Building
Lot Description Level
Sewer Public Sewer
Water Public
Architectural Style Victorian
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Allentown
Others
Tax ID 549781985263-00001
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Financing Cash,Conventional,FHA
Special Listing Condition Standard
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Bought with Therese Kelley • One Valley Realty LLC
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "