123 North Lumber Street

Allentown, PA 18101

$4,950,000
Price
Beds
22,572 Sq. Ft.
$219 / Sq. Ft.
22,572
Sq. Ft.
$219
per Sq. Ft.

Description

The Warehouse at 123 N Lumber recently renovated and completed in July of 2023 presents 20 residential apartments within a multi-unit space situated in the heart of Center City Allentown. This remarkable complex is conveniently within walking distance to the renowned PPL Center, local restaurants, and various other venues in Allentown. Within the complex, residents have access to a fully functional gym featuring brand-new Peloton Bikes, Rogue lifting equipment, Rogue Treadmills, and Skiregs/Rowers...The Warehouse at 123 N Lumber recently renovated and completed in July of 2023 presents 20 residential apartments within a multi-unit space situated in the heart of Center City Allentown. This remarkable complex is conveniently within walking distance to the renowned PPL Center, local restaurants, and various other venues in Allentown. Within the complex, residents have access to a fully functional gym featuring brand-new Peloton Bikes, Rogue lifting equipment, Rogue Treadmills, and Skiregs/Rowers by Concept 2. The gym also boasts a spacious common area with comfortable seating and flatscreen TVs for relaxation. Additional features of the building include elevator access, large open windows providing excellent lighting, expansive storage cases, intercom communication, a trash chute, Central Air/Central Heat, Stainless Steel Appliances in every Unit, 16 surveillance cameras with an option to view footage, and the convenience of a washer and dryer in each unit. All units include 1 Full Bathroom in every unit. There is a dedicated full-time superintendent available at 123 Lumber for all maintenance issues or concerns. Don't miss out on the opportunity to add this impressive living space to your portfolio—schedule your showing today.
  1. Listed by Jose Ortiz • I-Do Real Estate

Property Details for 123 North Lumber Street

Area
Allentown-Central
Sub division
Old Allentn Historic

Location

Listing Courtesy of I-Do Real Estate
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LISTING UPDATED: 04/24/2024 11:00 AM

Property Details for 123 North Lumber Street

StatusAvailable
MLS #733690
Days on Market48
Taxes$48,172 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Apartment Style
Year Built1900
CountyLehigh County

Location

Listing Courtesy of I-Do Real Estate
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Building Information for 123 North Lumber Street

Building/Complex123 N Lumber StFloor-Stories-Residences20Pet Policy-Year Built1900Building Size-

Payment Calculator

$31,029 per month

30 year fixed, 7.25% Interest

Principal and Interest

$27,014

Property Taxes

$4,014

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 123 North Lumber Street

Summary
Location and General Information
  • Directions: HEAD EAST ON TURNER STREET AND MAKE A RIGHT ON LUMBER STREET. PROPERTY IS ON ON THE LEFT SIDE.
  • School District: Allentown
Parking
  • Garage: Off & On Street, Parking Lot
  • ParkingSpaces: 20
Taxes and HOA Information
  • Association: Lehigh Valley MLS
  • County Taxes: $8,907.03
  • Lawn Snow Removal: $9,000
  • Maintenance Repair: $5,256
  • Management: 0
  • Municipal Taxes: $5,617.08
  • School Taxes: $33,647.80
  • Total Taxes: $48,171.91
Property
Lot Information
  • Acres: 0.135
  • APN: 640700093059001
  • Lot Dimensions: 57.5 X 102
  • Lot Size Source: Tax Records
  • Zoning Code: B-2-Central Business
Property and Assessments
  • County Assessment: $161,000.00
  • Features: Intercom, No Disclosure, Wash/Dry Hook-ups
  • Property SubType Category: Apartment Style
  • Square Footage Source: Tax Records
  • Technology: Cable, DSL
  • Year Built Exception: Unknown
  • Adult Comm 55 Over: No
Utilities
  • Cooling: Central AC
  • Electric: 8040
  • Gas: $0
  • Sewer: Public
  • Water: Public
  • Water Sewer: 3324
Interior and Exterior Features
Exterior Features
  • Construction: Brick
Interior Features
  • Heat: $0
  • Heat Type: Electric, Forced Air
Multi Family
Multi-Family Information
  • Gross Income: $400,200.00
  • Insurance: $9,583
  • Net Income: $305,826.00
  • Operating Expense: $94,374
  • Other Expenses: $9,000
  • Trash Removal: 0
  • Total Unit Count: 1
  • Total Units: 20

Property History for 123 North Lumber Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

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123 North Lumber Street is a multi-family home for sale in Allentown, PA 18101. This property was listed for sale on March 11, 2024 by I-Do Real Estate, it's currently listed at $4,950,000. This listing's school district is Allentown City School District. 123 North Lumber Street is a 0-bed, 0-bath, 22,572 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 I-Do 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.