$900,000
$1,050,000
14.3%For more information regarding the value of a property, please contact us for a free consultation.
442 North 5Th Street Allentown City, PA 18102
8 Beds
8 Baths
8,400 SqFt
Key Details
Sold Price $900,000
Property Type Condo
Sub Type Apartment Style,Complex
Listing Status Sold
Purchase Type For Sale
Square Footage 8,400 sqft
Price per Sqft $107
Subdivision Old Frgrnds Historic
MLS Listing ID 689518
Sold Date 07/29/22
Bedrooms 8
Full Baths 8
Year Built 1892
Annual Tax Amount $10,372
Property Description
442 N 5th St has 8 LARGE AND UPDATED 1 bedroom units with a secure and gated parking lot for the tenants. 6 units have been recently RENOVATED with NEW KITCHENS, BATHROOMS,FLOORING, WINDOWS, NEW FRONT DOOR and NEW RUBBER ROOF completed 2021! GROSS INCOME~ $89220 ~ 5.9% CAP RATE with units paying below market rent for location and additional parking rent. The units are light and bright with high ceilings generous size rooms and good storage. The complex has been well maintained and cared for and shows nicely. 7.3 CAP with MARKET RENTS, Some UNITS could be RECONFIGURED to be TWO BEDROOM UNITS and have capacity to have washer/dryers in units. The building is located in a very residential part of the city with a playground and park near by and is also close to PPL Center, restaurants, transportation, shopping and schools. SEE VIDEO and schedule a appointment! Please contact for showings and provide Proof of Funds
Location
State PA
County Lehigh
Area Allentown-Central
Interior
Cooling Wall AC
Exterior
Garage Paved Lot
Garage Spaces 9.0
Building
Story 4.0
Sewer Public
Water Public
New Construction No
Schools
School District Allentown
Others
Financing Cash,Conventional,Exchange
Special Listing Condition Not Applicable
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with BHHS Fox & Roach Macungie
