243 North 7th Street
243 North 7th Street
$279,000
—
2,570
2,570
$109
Sold & Settled 3/28/22
Description
Great Property in the OPPORTUNITY ZONE AND ONE BLOCK FROM THE NIZ. Will make a great addition for any Investor or for a home owner who wants to live upstairs and receive income towards total cost of property. Most recent Cap rate was a lucrative 9.44% The Property has the potential of 10.5% Cap rate with yearly rental increases after one year. Storefront on the 1st floor with two recently remodeled apartments on the 2nd and 3rd floor, respectively. Recent updated electric and plumbing to 1st and...Great Property in the OPPORTUNITY ZONE AND ONE BLOCK FROM THE NIZ. Will make a great addition for any Investor or for a home owner who wants to live upstairs and receive income towards total cost of property. Most recent Cap rate was a lucrative 9.44% The Property has the potential of 10.5% Cap rate with yearly rental increases after one year. Storefront on the 1st floor with two recently remodeled apartments on the 2nd and 3rd floor, respectively. Recent updated electric and plumbing to 1st and 2nd floor apt. Commercial Space rehab included new flooring, walls, and electric. The Lehigh Valley Market has a $43 Billion GDP and continues to expand. The QOZ program offers 3 tax incentives for investing in low-income communities through a Qualified Opportunity Fund. A Qualified Opportunity Fund is an investment vehicle that is set up as either a partnership or corporation for investing in eligible property located in a QOZ. Detailed Information available about the property /opportunity.
- Listed by Jesse A. Roldan • EXP Realty LLC
- Listed by Renae A. Roldan • EXP Realty LLC
Property Details for 243 North 7th Street
Area
Allentown-Central
Sub divisionNot in Development
Location
LISTING UPDATED: 03/28/2022 11:40 AM
Property Details for 243 North 7th Street
Status | Sold & Settled |
---|---|
MLS # | 676378 |
Days on Market | 165 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-Family / Commercial |
Year Built | 1900 |
Lot Size | 0.04 AC / 1,742 SF |
County | Lehigh County |
Location
Building Information for 243 North 7th Street
Stories3Residences3Year Built1900Building Size-Lot Size0.04 AC / 1,742 SF
Payment Calculator
$1,856 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 243 North 7th Street
Property History for 243 North 7th Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 243 North 7th Street
Taxable ValueLand$12,200Additions$109,700Total$121,900
Tax Record2024$3,997 ($333 / month)
Home Facts
Baths2.5Total Finished SqFt2,570 SqFtAbove Grade Finished SqFt2,570 SqFtStories3Lot Size1,800 SqFtStyleOffice BuildingYear Built1900ZoningB1/RCountyLEHIGHAPN640701587870-1
Schools near 243 North 7th 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 | ||
Harrison-Morton 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.
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