$412,000
$430,000
4.2%For more information regarding the value of a property, please contact us for a free consultation.
204 North 9Th Street Allentown City, PA 18102
7 Beds
3 Baths
2,784 SqFt
Key Details
Sold Price $412,000
Property Type Condo
Sub Type Apartment Style
Listing Status Sold
Purchase Type For Sale
Square Footage 2,784 sqft
Price per Sqft $147
Subdivision Not In Development
MLS Listing ID 729811
Sold Date 03/15/24
Bedrooms 7
Full Baths 3
Year Built 1900
Annual Tax Amount $3,103
Lot Size 1,455 Sqft
Property Description
3-unit Historic building 2 blocks from PPL building. Projected $49800 gross $42000 Net income 10% cap. Actuals rents are $1400/$1300 and $850 $42600 gross actual. All the utilities are separate so tenants pay, and the water is metered separated so you can charge tenants. Furnaces are 5 years old. Newer water heaters, Owner redid kitchens and has fixed all that has been needed. The 3 bedrooms easily can be $1550, and the 1 bedroom can be $1100. The units are large with beautiful wood floors throughout. The owner has painstakingly brought the historic look back to the building all repainted front with beautiful entranceway, He has all the wood floors back to life, beautiful woodwork in the hallway and stairs. All units are occupied with room to go up on the rents. This is downtown Allentown where it is easy to keep rented. Close to great restaurants and to major roads and highways.
Location
State PA
County Lehigh
Area Allentown-Central
Interior
Cooling Window ACs
Exterior
Garage None
Garage Spaces 4.0
Building
Story 3.0
Sewer Public
Water Public
New Construction No
Schools
School District Allentown
Others
Financing Cash,Conventional,FHA,VA
Special Listing Condition Not Applicable
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Bought with EXP Realty LLC