$1,300,000
Allentown, PA 18102
MLS# PM-83633
Status: Closed
10435 sqft
1 / 33
Property Description
Add this turnkey, 10-unit building in bustling Center City Allentown to your portfolio today! Tenants experience the historic charm of N 6th Lofts with 12-14 foot high ceilings, large bay-sized windows, an abundance of natural light, spacious layouts, and a private outdoor terrace. This property has been completely renovated and units boast brand new appliances/fixtures. The building consists of 4 1-bed apartments, 2 2-bed apartments, and 4 3-bed apartments. Potential for storage or laundry facilities in the basement. Tenants pay electric, heat, and hot water. Landlord pays common electric, water, sewer and trash.
Details
Maps
Contract Information
Listing Service: Full Service
Property Sub Type: Multi Family
Sold Price: $1,300,000
Current Price: $1,300,000
Status: Closed
Listing Contract Date: 2020-12-08
Location, Tax, and Legal
Parcel Number: 640711081186 001
Municipality: Allentown City
High School District: Allentown City
Cnty&Muni Taxes (Legacy): 4618.51
School Tax Amount: 8942.47
Tax Annual Amount: 13560.9
Tax Assessed Value: 421900
Tax Book Number: 2017031419
Zoning Description: Residential
General Property Information
Building Area Source: Public Records
Stories: 4
Number Of Buildings: 1
Basement YN: Yes
Garage YN: Yes
Parking Total: 5
Lot Size Acres: 0.12
Lot Size Dimensions: 47 X 115.3
List Price/SqFt: 129.37
Sold Price/SqFt: 124.58
Building Area Total: 10435
Year Built: 1920
Currently Not Used
Number Of Units Total: 10
Remarks and Miscellaneous
Public Historical Remarks: Utility Billing: Separate Electric, Type: Built as Apartment, Kitchens: SemiMod, Bathrooms: SemiMod, Miscellaneous: Zoning Code R-Mh, Miscellaneous: Cert of Occ Req'd Yes
Public Remarks: Add this turnkey, 10-unit building in bustling Center City Allentown to your portfolio today! Tenants experience the historic charm of N 6th Lofts with 12-14 foot high ceilings, large bay-sized windows, an abundance of natural light, spacious layouts, and a private outdoor terrace. This property has been completely renovated and units boast brand new appliances/fixtures. The building consists of 4 1-bed apartments, 2 2-bed apartments, and 4 3-bed apartments. Potential for storage or laundry facilities in the basement. Tenants pay electric, heat, and hot water. Landlord pays common electric, water, sewer and trash.
Unit Details
1 Bedroom: 4
2 Bedroom: 2
3 Bedroom: 4
Income and Expenses
Gross Income: 127800
Net Operating Income: 102050
Operating Expense: 25750
Insurance Expense: 3000
New Taxes Expense: 13560
Electric Expense: 360
Trash Expense: 3429
Listing Terms
Cash: 1
Conventional: 1
Tenant Pays
Electricity: 1
Disclosures
Right of First Refusal: 1
Possession
Negotiable: 1
Unit 1
Occupied YN: Y
Actual Rent: 1250
SqFt Total: 1200
Beds Total: 3
Baths Total: 1
Unit 2
Occupied YN: N
Actual Rent: 850
SqFt Total: 800
Beds Total: 1
Baths Total: 1
Unit 3
Occupied YN: Y
Actual Rent: 1250
SqFt Total: 1200
Beds Total: 3
Baths Total: 1
Unit 4
Occupied YN: Y
Actual Rent: 1050
SqFt Total: 1000
Beds Total: 2
Baths Total: 1
Unit 5
Occupied YN: N
Actual Rent: 850
SqFt Total: 800
Beds Total: 1
Baths Total: 1
Unit 6
Occupied YN: Y
Actual Rent: 1250
SqFt Total: 1200
Beds Total: 3
Baths Total: 1
Unit 7
Occupied YN: Y
Actual Rent: 1050
SqFt Total: 1000
Beds Total: 2
Baths Total: 1
Unit 8
Occupied YN: N
Actual Rent: 850
SqFt Total: 800
Beds Total: 1
Baths Total: 1
Unit 9
Occupied YN: Y
Actual Rent: 850
SqFt Total: 800
Beds Total: 1
Baths Total: 1
Construction Materials
Brick: 1
Roof
Flat: 1
Cooling
Separate Meters: 1
None: 1
Heating
Baseboard: 1
Electric: 1
Water Heater
Electric: 1
Appliances
Water Heater: 1
Security Features
Smoke Detector(s): 1
Water Source
Public: 1
Sewer
Public Sewer: 1
Parking Features
Paved: 1
Lot Features
Historic District: 1
Road Surface Type
Paved: 1
Road Responsibility
Public Maintained Road: 1
Location Tax and Legal
County: Lehigh
Street Number: 220
Street Direction Prefix: N
Street Name: 6th
Street Suffix: Street
City (Post Office): Allentown
State: PA
Postal Code: 18102
Status Change Information
Purchase Contract Date: 2020-12-31
Close Date: 2021-03-12
Close Price: 1300000
Property Features
Listing Terms: Cash; Conventional
Tenant Pays: Electricity
Disclosures: Right of First Refusal
Possession: Negotiable
Construction Materials: Brick
Roof: Flat
Cooling: Separate Meters; None
Heating: Baseboard; Electric
Water Heater: Electric
Appliances: Water Heater
Security Features: Smoke Detector(s)
Water Source: Public
Sewer: Public Sewer
Parking Features: Paved
Lot Features: Historic District
Road Surface Type: Paved
Road Responsibility: Public Maintained Road
Listing Office: Steel City Realty LLC
Last Updated: March - 03 - 2025
Information deemed reliable but not guaranteed.