101 North Eighth Street

Allentown, PA 18101

$1,990,000
Price
7
Beds
7
Baths
4
1/2 Baths
7,335 Sq. Ft.
$271 / Sq. Ft.
7,335
Sq. Ft.
$271
per Sq. Ft.

Description

Seller financing available! Location - it doesn't get any better than this! This investment opportunity consists of 11 fully renovated units (7) Residential Units and (4) Commercial Units. All units have been fully renovated including all the common areas and exterior. All units have electric heat and air conditioning and electric hot water - all units have separate utilities. Each of the 7 Residential Units have Electric Mini-Splits for heating and cooling, 2 Commercial units have Mini Splits, and...Seller financing available! Location - it doesn't get any better than this! This investment opportunity consists of 11 fully renovated units (7) Residential Units and (4) Commercial Units. All units have been fully renovated including all the common areas and exterior. All units have electric heat and air conditioning and electric hot water - all units have separate utilities. Each of the 7 Residential Units have Electric Mini-Splits for heating and cooling, 2 Commercial units have Mini Splits, and 2 have Heat Pumps. All exterior and common areas are monitored by security cameras and internet is included w/ all of the tenants rent. Newly installed laundry room in basement features coin operated washer/dryers. Located in the NIZ Improvement Zone and Opportunity Zone and directly in the heart of over 1 Billion Dollars of development. Across the street from the new PPL Event Center, Da Vinci Science Center, Restaurants, Retail, Nightlife, and so much more. This property is a must see!
  1. Listed by Andrew A. Ginsburg • BHHS Regency Real Estate

Property Details for 101 North Eighth Street

Area
Allentown-Central
Sub division
Not in Development

Location

Listing Courtesy of BHHS Regency Real Estate
Add your commute
LISTING UPDATED: 03/07/2024 01:22 PM

Property Details for 101 North Eighth Street

StatusAvailable
MLS #730450
Days on Market110
Taxes$31,980 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Apartment Style
Year Built1900
CountyLehigh County

Location

Listing Courtesy of BHHS Regency Real Estate
Add your commute

Building Information for 101 North Eighth Street

Building/Complex101 N Eighth StFloor-Stories4Residences11Pet Policy-Year Built1900Building Size-

Payment Calculator

$13,525 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,860

Property Taxes

$2,665

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 101 North Eighth Street

Summary
Location and General Information
  • Directions: From 7th Street - Right on Linden - Left on 8th. Property on corner of 8th and Linden.
  • School District: Allentown
Parking
  • Parking: None, Off Site
  • ParkingSpaces: 0
Taxes and HOA Information
  • Association: Lehigh Valley MLS
  • County Taxes: $3,838.59
  • Lawn Snow Removal: $1,000
  • Maintenance Repair: $3,850
  • Management: 10000
  • Municipal Taxes: $5,147.80
  • School Taxes: $22,994.17
  • Total Taxes: $31,980.00
Property
Lot Information
  • Acres: 0.108
  • APN: 640700471867001
  • Lot Dimensions: 34 x 140
  • Lot Size Source: Tax Records
  • Zoning Code: B-2-CENTRAL BUSINESS
Property and Assessments
  • County Assessment: $1,015,500.00
  • Property SubType Category: Apartment Style, Commercial
  • Square Footage Source: Tax Records
  • Adult Comm 55 Over: No
Utilities
  • Cooling: Wall AC
  • Electric: 1500
  • Gas: $0
  • Sewer: Public
  • Water: Public
  • Water Sewer: 3724
Interior and Exterior Features
Exterior Features
  • Construction: Brick
Interior Features
  • Baths: Modern
  • Heat: $0
  • Heat Type: Electric
Multi Family
Multi-Family Information
  • Gross Income: $199,400.00
  • Insurance: $5,128
  • Net Income: $129,591.00
  • Operating Expense: $59,877
  • Other Expenses: $0
  • Trash Removal: 2625
  • Total Unit Count: 11
  • Total Units: 11
Unit 1
  • Unit Total1 Bedroom: 7

Property History for 101 North Eighth Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 101 North Eighth Street

Taxable ValueLand$22,600Additions$18,800Total$41,400
Tax Record2023$1,710 ($142 / month)
Home Facts
Total Finished SqFt615 SqFtAbove Grade Finished SqFt615 SqFtStories1Lot Size2,805 SqFtStyleService StationYear Built1940ZoningR-HCountyLEHIGHAPN640609863884-1

Schools near 101 North Eighth Street

This home is within Allentown City School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Central El School
PublicK to 5

Francis D Raub Middle School
Public6 to 8

William Allen High School
Public9 to 12

Building 21 Allentown
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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101 North Eighth Street is a multi-family home for sale in Allentown, PA 18101. This property was listed for sale on January 9, 2024 by BHHS Regency Real Estate, it's currently listed at $1,990,000. It has been on the market for a total of 110 days and was last sold on September 8, 2020. This listing's school district is Allentown City School District. Nearby schools include Central El School, Francis D Raub Middle School and William Allen High School. 101 North Eighth Street is a 7-bed, 9-bath, 7,335 sqft multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of BHHS Regency Real Estate

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.