$1,200,000
Allentown, PA
MLS# PM-75222
Status: Closed
8100 sqft
1 / 100
Property Description
*CALLING FOR HIGHEST & BEST BY 10:00AM 2/6/2020* TURN-KEY, CLASS A COMMERCIAL PROPERTY IN HEART OF ALLENTOWN BUSINESS DISTRICT. 8 unit building consists of 7 luxury apartment units and 1 commercial space with long term lease. Stunning apartments feature central a/c, washer/dryer, exposed brick walls, wood flooring, modern kitchen with stainless steel appliances, granite countertops, and high ceilings. Five 2-bedroom units, Two 1-bedroom units, and commercial space are fully occupied with year+ leases. With the NY style character of the building and the proximity to entertainment & public transportation, this location is highly desirable for both investors and tenants.
Details
Maps
Contract Information
Listing Service: Full Service
Lease Considered YN: No
Property Sub Type: Business
Sold Price: $1,200,000
Current Price: $1,200,000
Status: Closed
Listing Contract Date: 2020-01-27
Location, Tax, and Legal
Parcel Number: 640609587837001
Municipality: Allentown City
High School District: Allentown City
Cnty&Muni Taxes (Legacy): 5896.46
School Tax Amount: 19623.33
Tax Annual Amount: 19623.33
Tax Assessed Value: 683800
Tax Book Number: 2018008688
Zoning Description: Multi-Family
General Property Information
Above Grade Finished Area: 8100
Stories: 3
Year Built Source: Other
Lot Size Acres: 0.06
Sign On Property YN: No
List Price/SqFt: 148.15
Sold Price/SqFt: 148.15
Building Area Total: 8100
Year Built: 1900
Remarks and Miscellaneous
Public Historical Remarks: Miscellaneous: Zoning Code B-2-Central Business
Public Remarks: *CALLING FOR HIGHEST & BEST BY 10:00AM 2/6/2020* TURN-KEY, CLASS A COMMERCIAL PROPERTY IN HEART OF ALLENTOWN BUSINESS DISTRICT. 8 unit building consists of 7 luxury apartment units and 1 commercial space with long term lease. Stunning apartments feature central a/c, washer/dryer, exposed brick walls, wood flooring, modern kitchen with stainless steel appliances, granite countertops, and high ceilings. Five 2-bedroom units, Two 1-bedroom units, and commercial space are fully occupied with year+ leases. With the NY style character of the building and the proximity to entertainment & public transportation, this location is highly desirable for both investors and tenants.
Listing Terms
Cash: 1
Conventional: 1
Disclosures
Right of First Refusal: 1
Possession
Close Of Escrow: 1
Cooling
Central Air: 1
Heating
Electric: 1
Sewer
Public Sewer: 1
Road Frontage Type
City Street: 1
Road Surface Type
Paved: 1
Road Responsibility
Public Maintained Road: 1
Location Tax and Legal
County: Lehigh
Street Number: 24
Street Direction Prefix: S
Street Name: 8Th
Street Suffix: Street
City (Post Office): Allentown
State: PA
Status Change Information
Purchase Contract Date: 2020-02-06
Close Date: 2020-03-26
Close Price: 1200000
Property Features
Listing Terms: Cash; Conventional
Disclosures: Right of First Refusal
Possession: Close Of Escrow
Cooling: Central Air
Heating: Electric
Sewer: Public Sewer
Road Frontage Type: City Street
Road Surface Type: Paved
Road Responsibility: Public Maintained Road
Listing Office: Steel City Realty LLC
Last Updated: February - 27 - 2025
Information deemed reliable but not guaranteed.