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Off market

Buy a multi-family propertyat 32 2Nd Street, Allentown City, PA 18101

$339,900

$340,000 (-0.03%)

$0/mo

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Multifamily

2,132 Sq. Ft.

2,892 Sq. Ft. lot

6 Bedrooms

2 Bathrooms

379 Days on market

711149 MLS ID

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About 32 2Nd Street multi-family property

$40800 gross income $32000 net Hud has approved the 1st floor tenant to go to $1500 in April making the gross to over a 9% cap rate. Garage now rented at $300 monthly. Look at the size of the garage! Great property for an end user to use garage and get the residential income. Both apartments in pristine condition. 1stfloor 2 bedroom living room/dining, kitchen bath. rented at 1100 just approved to go to $1500. Apartment 1 has access to the yard with large, covered porch. Apartment 2 upstairs on 2nd and 3rd floor is 3/4 BDR's with all new flooring and paint rented at $1600. Tenants pay electric and heat. Oversized garage/warehouse in great condition. Use the garage for your business. Owner will order the City CO inspection. Truly great property near the new waterfront project and close to the center of Allentown. The apartments are both in great condition. Look at the pictures!. Also 2 great clean tenants! Always neat when I go there.
$40800 gross income $32000 net Hud has approved the 1st floor tenant to go to $1500 in April making the gross to over a 9% cap rate. Garage now rented at $300 monthly. Look at the size of the garage! Great property for an end user to use garage and get the residential income. Both apartments in pristine condition. 1stfloor 2 bedroom living room/dining, kitchen bath. rented at 1100 just approved to go to $1500. Apartment 1 has access to the yard with large, covered porch. Apartment 2 upstairs on 2nd and 3rd floor is 3/4 BDR's with all new flooring and paint rented at $1600. Tenants pay electric and heat. Oversized garage/warehouse in great condition. Use the garage for your business. Owner will order the City CO inspection. Truly great property near the new waterfront project and close to the center of Allentown. The apartments are both in great condition. Look at the pictures!. Also 2 great clean tenants! Always neat when I go there.

Property details

Expenses

Operating expense: $8,057

Income

Gross income: $40,800

Net income: $32,193

Listing

MLNumber: 711149

Listing price: $339,900

Listing date: 2023-02-17 00

Location

Area: Allentown-Central

County: Lehigh

Subdivision: Not in Development

Miscellaneous

Features: Patio, Wall-to-Wall Carpet

Property

Property key: 42077 640741098844 1 1 34915146

Property sub type: Investment Property

Property type: Investment Property

Zoning code: R-MH-MEDIUM HIGH DENSITY RESIDENTIAL

Schools

School district: Allentown

Sewer

WaterSewer: 800

Taxes

Total taxes: $2,457

Tax crs pa MUI: 998372082

Utilities

Electric: 550

Monthly cost

Estimated monthly cost

$2,398/mo

All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

Sale and tax history

Sales history

Date

Nov 9, 2018

Price

$145,000

Date

Aug 1, 1989

Price

$36,500

DatePrice
Nov 9, 2018$145,000
Aug 1, 1989$36,500

Schools

This home is within the Allentown City School District.

Allentown enrollment policy is not based solely on geography. Please check the school district website to see all schools serving this home.

Private schools

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$319,506

+$10,197

$329,703

Seller agent commission$10,197 (3%)*

$0 (0%)

Buyer agent commission$10,197 (3%)*

$10,197 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property

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State

  • Real Estate for Sale in Pennsylvania

Unreal Estate checked: Aug 8, 2023 at 4:37 p.m.

Data updated: Apr 5, 2023 at 6:41 a.m.

Courtesy of EXP Realty LLC (missing listing office phone)
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright.
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