$2,000,000
$2,299,999
13.0%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 02/20/2020
Key Details
Sold Price $2,000,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Subdivision Old Allentown
MLS Listing ID PALH109164
Sold Date 02/20/20
HOA Y/N N
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $28,218
Tax Year 2018
Property Description
CONFIDENTIAL LISTING: Pride of ownership is readily apparent in both the physical appearance and the financial details for this six property portfolio. All 37 units (consisting of 9 apartments and 28 furnished rooms) have been continuously rented at near 0% vacancy for years. This is a turn-key opportunity for any investor as there is no deferred maintenance on six properties located in the high-demand area of downtown Allentown. Rents are still slightly below market and all properties and units will have up-to-date and clear Allentown Certificate of Occupancy Permits prior to sale. All six properties are within 1 mile of each other in center city Allentown surrounding the designated Neighborhood Improvement Zone. Please register via the Covenant of Confidentiality. Guided group tour led by the owner is scheduled for Saturday, February 2 at 11:00 a.m. Please submit offers by Wednesday, February 6th at 5:00 p.m. EST.
Location
State PA
County Lehigh
Area Allentown City (12302)
Zoning RH AND RM
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Window Unit(s)
Heat Source Natural Gas
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type On Street
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Allentown
Others
Tax ID NO TAX RECORD
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Carrie C Ward • Howard Hanna The Frederick Group
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "