Address
611 W W Turner, Allentown, PA
Price
$ 744,000
Property Attributes
- MLS#PALH2007740
- TypeCommercial
- CountyLEHIGH
- CityAllentown
- AreaAllentown City
- Zip18102
- StyleApartment Building
- Year Built1870
- Taxes$ 4264
- Price$ 744,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage3945
- Lot Size1,742 SqFt
Data Source:
Bright MLS
Property Description
NEW LOOK AND COMPLETED CITY CO INSPECTIONS! NEWLY PAINTED OUTSIDE. $79,200 Gross Income, $65450 Net Income, 9% Cap at new price. Will have a clear CO for sale form Allentown--so Nothing to do here! These prideful owners have invested hundreds of thousands to modernize this 5-unit apartment building. All 5 units have been FULLY RENOVATED from top to bottom with fresh paint, new HARDWOOD flooring, energy-efficient windows, newly tiled bathrooms, and all-new kitchens with GRANITE countertops, & DISHWASHERS. The building features ALL-BRICK construction and has a well-maintained roof. The property is fully occupied with tenants paying all utilities including reimbursement for water/sewer. These are great tenants who treat their apartments beautifully. Rare to find this type of property so close to the city center, in downtown with many properties being 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. Owners are in the process of installing coin-operated washers/dryers which create additional revenue. The ownership group is listing over 25 multi-family units available in addition to this property. *Seller is a licensed real estate agent. **
| Price History | |
|---|---|
| 2/17/2024 | Listed $750,000 |
| 5/8/2024 | 1% - $744,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Baseboard - Electric |
| Cooling | None |
| Possession | Negotiable |
| Zoning | R-MH |
| Construction Materials | Brick |
| Year Built | 1870 |
| Property SubType | Five Or More Units |
| Tax Year | 2022 |
| Percent Ownership | Fee Simple |
| Cool Fuel | None |
| Business Type | Apartment Building |
| Accessibility | 2+ Access Exits |
| County | LEHIGH |
| New Construction | No |
| Property Type | Commercial Sale |
| Water Access Y/N | No |
| Status | ACTIVE |
| Directions | GPS |
| ModificationTimestamp | 2024-05-08T07:20:35 |
| City | ALLENTOWN |
| Buyer Agent Compensation | 2 |
| Total Units | 5 |
| MLS Area | Allentown City (12302) |
| Lot Size Square Feet | 1661.00 |
| Tax Assessed Value | 135000.0 |
| Waterfront Y/N | No |
| Street Name | W TURNER |
| Tax Annual Amount | 4264.0 |
| Price Per Sq Ft | 188.59 |
| Avg. Electric Per Month | 35.0 |
| Vacation Rental Y/N | No |
| Days on Market | 82 |
| Standard Status | Active |
| Year Built Source | Assessor |
| Tax Lot | 14 |
| Buyer Agent Compensation Type | % Of Gross |
Interior Features
| Heating Fuel | Electric |
|---|---|
| Hot Water | Electric |
| Heating Y/N | Yes |
| Central Air Y/N | No |
Exterior Features
| Water Source | Public |
|---|---|
| Total Parking Spaces | 6 |
| Type of Parking | On Street,Driveway |
| Land Use Code | 1143 |
| Water View Y/N | No |
| Building Area Total | 3945.00 |
| Lot Dimensions | 23.00 x 72.23 |
| Lot Size Acres | 0.04 |
| Lot Size Units | Square Feet |
| Lot Size Source | Assessor |
| Land Assessed Value | 5000.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| LotDimensionsSource | Assessor |
| Car Parking Spaces | 6 |
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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