Address
754 N N 4Th Street, Allentown, PA
Price
$ 945,000
Property Attributes
- MLS#PALH2007818
- TypeCommercial
- CountyLEHIGH
- CityAllentown
- AreaAllentown City
- Zip18102
- StyleApartment Building
- Year Built1910
- Taxes$ 8421
- Price$ 945,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage6780
- Lot Size2,614 SqFt
Data Source:
Bright MLS
Property Description
NEW PRICE ALL COMPLETED CITY CO. $108,000 Gross Income, $75613 Net Income, 8% hard Cap. These prideful owners have invested hundreds of thousands to completely renovate this fully occupied, cash-flowing, turnkey, 6-unit apartment building. All 6 units have been FULLY updated from top to bottom with fresh paint, new flooring, new energy-efficient windows, newly tiled bathrooms, and all-new kitchens. Each unit has a massive floorplan, tons of sunlight, and are all 2BR, 1BA. The building features ALL-BRICK construction has had a total facelift including a facade and has a very well-maintained roof. Tenants pay all utilities and include reimbursement. These are great tenants, have been there for over a year and treat their apartments beautifully. ALL Leases are $1500 with room to grow. It is rare to find this type of property in downtown as many properties have been purchased by out-of-state (NYC) investors. Located in downtown Allentown, next to the city center, and within walking distance of all attractions, restaurants, sports games, and near all interstates. The ownership group is listing over 25 multi-family units available in addition to this property. *Seller is a licensed real estate agent. *** PROJECTIONS are over $118,000 with slightly higher rents***
| Price History | |
|---|---|
| 2/17/2024 | Listed $1,100,000 |
| 4/13/2024 | 7% - $1,033,008 |
| 5/8/2024 | 9% - $945,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Hot Water |
| Cooling | Window Unit(s) |
| Possession | Immediate,0-30 Days CD,Negotiable |
| Roof | Cool/White,Flat,Rubber |
| Zoning | R-MH |
| Construction Materials | Brick,Block |
| Exclusions | Personal property |
| Year Built | 1910 |
| Property SubType | Five Or More Units |
| Tax Year | 2022 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Electric |
| Gross Income | 108000.00 |
| Business Type | Apartment Building |
| Accessibility | 2+ Access Exits |
| County | LEHIGH |
| Net Operating Income | 90679.00 |
| Insurance Expense | 4500.00 |
| New Construction | No |
| Property Type | Commercial Sale |
| MaintenanceExpense | 2000.00 |
| Water Access Y/N | No |
| Status | ACTIVE |
| Directions | 4th st to Wahington and GPS |
| ModificationTimestamp | 2024-05-08T07:22:22 |
| City | ALLENTOWN |
| Buyer Agent Compensation | 2 |
| Total Units | 6 |
| MLS Area | Allentown City (12302) |
| Lot Size Square Feet | 2396.00 |
| Tax Assessed Value | 250500.0 |
| Waterfront Y/N | No |
| Street Name | N 4TH |
| Tax Annual Amount | 8421.0 |
| Electric Expense | 350.00 |
| Fuel Expense | 0.00 |
| Trash Expense | 0.00 |
| Price Per Sq Ft | 139.38 |
| Association Fee | 0.00 |
| Vacation Rental Y/N | No |
| Virtual Tour | https://www.youtube.com/watch?v=u6caXhiDU_E |
| Days on Market | 82 |
| Standard Status | Active |
| Year Built Source | Estimated |
| Tax Lot | 1 |
| Cap Rate | 8.20 |
| Buyer Agent Compensation Type | % Of Gross |
Interior Features
| Heating Fuel | Electric |
|---|---|
| Hot Water | Electric |
| Heating Y/N | Yes |
| Street Suffix | STREET |
| Central Air Y/N | No |
| Total Restrooms | 6 |
Exterior Features
| Water Source | Public |
|---|---|
| Inclusions | All appliances |
| Total Parking Spaces | 12 |
| Type of Parking | On Street |
| Land Use Code | 4200 |
| Water View Y/N | No |
| Building Area Total | 6780.00 |
| Lot Dimensions | 20.00 x 120.00 |
| Lot Size Acres | 0.06 |
| Lot Size Units | Square Feet |
| Lot Size Source | Assessor |
| Land Assessed Value | 36000.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| LotDimensionsSource | Assessor |
| Car Parking Spaces | 12 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 18102
Price
Taxes
Visits
Year Built
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