Allentown, PA 18102,514-516 N N 15TH ST
Allentown, PA 18102,514-516 N N 15TH ST
Allentown, PA 18102,514-516 N N 15TH ST
34
$525,000
$550,000
4.5%
Est.Price: ?

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1,815 SqFt

514-516 N N 15TH ST Allentown, PA 18102

Est. payment /mo
SOLD DATE : 12/22/2023

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Key Details

Sold Price $525,000

Property Type Commercial

Sub Type Five Or More Units

Listing Status Sold

Purchase Type For Sale

Square Footage 1,815 sqft

Price per Sqft $289

MLS Listing ID PALH2007182

Sold Date 12/22/23

Originating Board BRIGHT

Year Built 1910

Annual Tax Amount $5,746

Tax Year 2022

Lot Size 4,800 Sqft

Acres 0.11

Lot Dimensions 40.00 x 120.00

Property Description

$62K GROSS, $47K NET, offer at 9.2% CAP with property management. Owners just completely renovated this turnkey multi-family investment, sold with a CLEAR CO & 3 (three) modern apartments & 6 (six), and single-car garages, across three structures, on one parcel, with the potential to build on the corner. The 1st building is a single-family home with 3BR/1.5 BA, with a brand new kitchen, new paint, updated floors, 1st FL wash/dryer & significant upgrades throughout. The 2nd & 3rd buildings each hold 1-BR/1BA apartments. Both 1BR apartments have been completely remodeled with Brand NEW paint, flooring, NEW appliances, NEW washers/dryers, updated electric, etc. Ten-year-old roof. All utilities are separated & paid by the tenant. Across the ST from Luis Ramos Elementary, Jackson Childhood Cntr, & walking distance to LV Hospital, CVS, & other amenities. Showings are limited due to occupancy. Can be purchased as portfolio with over 30 other units nearby. All apartments are now rented!

Location

State PA

County Lehigh

Area Allentown City (12302)

Zoning R-MH

Interior

Hot Water Electric

Heating Baseboard - Electric

Cooling None

Heat Source Electric

Exterior

Garage Spaces 6.0

Water Access N

View City

Accessibility 2+ Access Exits

Total Parking Spaces 6

Garage N

Building

Foundation Stone

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Allentown

Others

Tax ID 549751432261 001

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by james J Reardon • eXp Commercial
Bought with james J Reardon • eXp Commercial

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Bradley Perez

Agent | License ID: 1972347

+1(609) 383-5668

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