Allentown, PA 18102,611 W W TURNER
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Allentown, PA 18102,611 W W TURNER
Allentown, PA 18102,611 W W TURNER
Allentown, PA 18102,611 W W TURNER
Allentown, PA 18102,611 W W TURNER

$700,000

Est. payment /mo

$737,000

5.0%
Est.Price: ?

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611 W W TURNER Allentown, PA 18102

3,945 SqFt

SOLD DATE : 06/28/2024

Key Details

Sold Price $700,000

Property Type Commercial

Sub Type Five Or More Units

Listing Status Sold

Purchase Type For Sale

Square Footage 3,945 sqft

Price per Sqft $177

MLS Listing ID PALH2007740

Sold Date 06/28/24

Originating Board BRIGHT

Year Built 1870

Annual Tax Amount $4,264

Tax Year 2022

Lot Size 1,661 Sqft

Acres 0.04

Lot Dimensions 23.00 x 72.23

Property Description

NEW LOOK AND COMPLETED CITY CO INSPECTIONS! NEWLY PAINTED OUTSIDE. $79,200 Gross Income, $65450 Net Income, 9% Cap at new price. Will have a clear CO for sale form Allentown--so Nothing to do here! These prideful owners have invested hundreds of thousands to modernize this 5-unit apartment building. All 5 units have been FULLY RENOVATED from top to bottom with fresh paint, new HARDWOOD flooring, energy-efficient windows, newly tiled bathrooms, and all-new kitchens with GRANITE countertops, & DISHWASHERS. The building features ALL-BRICK construction and has a well-maintained roof. The property is fully occupied with tenants paying all utilities including reimbursement for water/sewer. These are great tenants who treat their apartments beautifully. Rare to find this type of property so close to the city center, in downtown with many properties being purchased by out-of-state (NYC) investors. Located in downtown Allentown, next to the city center, and within walking distance of all attractions, restaurants, sports games, and near all interstates. Owners are in the process of installing coin-operated washers/dryers which create additional revenue. The ownership group is listing over 25 multi-family units available in addition to this property. *Seller is a licensed real estate agent. **

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

Accessibility 2+ Access Exits

Total Parking Spaces 6

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Allentown

Others

Tax ID 640711063389-00001

Ownership Fee Simple

SqFt Source Assessor

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
agent

Alee Heidar

Principal Broker | License ID: 126102

+1(206) 966-1792

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