$265,000
$300,000
11.7%For more information regarding the value of a property, please contact us for a free consultation.
425 W W LIBERTY ST Allentown, PA 18102
1,792 SqFt
Key Details
Sold Price $265,000
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 1,792 sqft
Price per Sqft $147
MLS Listing ID PALH2006076
Sold Date 09/28/23
Style Other
Abv Grd Liv Area 1,792
Originating Board BRIGHT
Year Built 1898
Annual Tax Amount $1,991
Tax Year 2022
Lot Size 1,920 Sqft
Acres 0.04
Lot Dimensions 16.00 x 120.00
Property Description
3-unit Projected 9.51% cap% at asking price. PROJECTED Potential $36,000 gross or more income and $28,551 Net income. That number includes using property management which could be transferred to new owner-or manage yourself and save. That includes projected rent of $1150 for the vacant which we will leave vacant as someone can buy and be an owner-occupant! Owners will rent out before closing if buyers ask for that. Owners recently invested $15K into this all-brick, 3-unit multifamily, located in the heart of Allentown with amazing curb appeal, parking in the rear, and recent improvements including NEW flooring in some units, updated plumbing with PEX piping and updated electrical. Offered with a CLEAR CO (certificate of occupancy). Parking spots behind the building could be increased. The property is walking distance to center city Allentown, next to new construction luxury apartments, and a few blocks from the new PPL Event Center, Da Vinci Science Center, Restaurants, Retail, Nightlife, and so much more. The seller has a few other properties to be listed shortly if someone wants to increase their quickly. One of the sellers is a licensed RE agent.
Location
State PA
County Lehigh
Area Allentown City (12302)
Zoning R-MH
Rooms
Basement Poured Concrete, Unfinished
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling Window Unit(s)
Fireplace N
Heat Source Electric
Exterior
Garage Spaces 2.0
Waterfront N
Water Access N
View City
Accessibility 2+ Access Exits
Parking Type Off Street, On Street
Total Parking Spaces 2
Garage N
Building
Foundation Stone
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Allentown
Others
Tax ID 640713457574-00001
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Conventional, FHA, Cash
Listing Terms Conventional, FHA, Cash
Financing Conventional,FHA,Cash
Special Listing Condition Standard
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Bought with james J Reardon • eXp Commercial