$730,000
$730,000
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9,039 SqFt
SOLD DATE : 11/12/2019
Key Details
Sold Price $730,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 9,039 sqft
Price per Sqft $80
Subdivision West Allentown
MLS Listing ID PALH112236
Sold Date 11/12/19
HOA Y/N N
Originating Board BRIGHT
Year Built 1930
Annual Tax Amount $13,921
Tax Year 2019
Lot Size 0.440 Acres
Acres 0.44
Property Description
INVESTOR ALERT! 8 Unit turn key investment package!!! 100% occupied and fully renovated within the last year! Current GRI $87,300 per year!!! There are 8 apartments and a 10 car parking lot included in this sale (2 parcels). The owner has completed a beautiful renovation to each unit including new kitchens, bathrooms, flooring, paint and heaters for Class A units. The tower has a video doorbell system for the occupants. There are motion activated common lights, new electric and new plumbing in the property as well. The owner installed a coin operated laundry for the tenants use too! There is opportunity to add at least one more unit to the lower level or rent it out for storage (currently empty). Gas service in the building. Landlord includes water, sewer, trash and snow removal in the rent. Tenants pay electric, gas and renters insurance. Owner will sell with Clear CO from the City of Allentown.
Location
State PA
County Lehigh
Area Allentown City (12302)
Zoning B-3
Interior
Hot Water Natural Gas
Heating Baseboard - Electric
Cooling None
Heat Source Electric
Exterior
Garage Spaces 16.0
Waterfront N
Water Access N
Accessibility None
Parking Type Driveway, Parking Lot
Total Parking Spaces 16
Garage N
Building
Sewer Public Septic
Water Public
New Construction N
Schools
School District Allentown
Others
Tax ID NO TAX RECORD
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Bank Portfolio, Conventional
Listing Terms Cash, Bank Portfolio, Conventional
Financing Cash,Bank Portfolio,Conventional
Special Listing Condition Standard
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Bought with Loren K Keim • Century 21 Keim Realtors
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "