342 Ridge Avenue

Allentown, PA 18102

$290,000
Last Sold Price
6
Beds
2
Baths
2
1/2 Baths
4,460 Sq. Ft.
$65 / Sq. Ft.
4,460
Sq. Ft.
$65
per Sq. Ft.

Description

Motivated Seller ! Welcome to your NEW 4 UNIT Commercial/Residential INVESTMENT property on Ridge Ave! This property is located in close proximity to all that downtown Allentown has to offer. Your tenants would be within walking distance from the Lehigh River WaterFront which is currently in progress . The WaterFront will be filled with eateries, stores, apartments, and a walking path and much more. Don't forget that you will also be in close proximity to public transportation, museums and concert...Motivated Seller ! Welcome to your NEW 4 UNIT Commercial/Residential INVESTMENT property on Ridge Ave! This property is located in close proximity to all that downtown Allentown has to offer. Your tenants would be within walking distance from the Lehigh River WaterFront which is currently in progress . The WaterFront will be filled with eateries, stores, apartments, and a walking path and much more. Don't forget that you will also be in close proximity to public transportation, museums and concert venues. You will want to purchase this property now while the local projects are in their early stages. This is the best time to invest in this four unit commercial/residential building. It has a fully functioning Laundromat that can be operated by its new owner or rented out for extra income , a church and two nicely sized three bedroom apartments. Close off the parking lot in the back and sit back and collect the rent! Make your appointment today!
  1. Listed by Felix A. Figueroa Jr. • Real Living Spectrum Real Est

Property Details for 342 Ridge Avenue

Area
Allentown-Central
Sub division
Not in Development

Location

Listing Courtesy of Real Living Spectrum Real Est

Sold By Century 21 Ramos Realty

Add your commute
LISTING UPDATED: 09/15/2021 11:56 AM

Property Details for 342 Ridge Avenue

StatusSold & Settled
MLS #657686
Days on Market162
Taxes$5,363 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Apartment Style
Year Built1910
CountyLehigh County

Location

Listing Courtesy of Real Living Spectrum Real Est

Sold By Century 21 Ramos Realty

Add your commute

Building Information for 342 Ridge Avenue

Building/Complex342 Ridge AveFloor-Stories3Residences4Pet Policy-Year Built1910Building Size-

Payment Calculator

$2,030 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,583

Property Taxes

$447

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 342 Ridge Avenue

Summary
Location and General Information
  • Directions: Use GPS . From Front St and Gordon , make a right towards Ridge. Make a left on Ridge Ave, the property is on the right.
  • School District: Allentown
Parking
  • Parking: Unpaved Lot
  • ParkingSpaces: 10
Taxes and HOA Information
  • Association: Lehigh Valley MLS
  • County Taxes: $641.54
  • Lawn Snow Removal: $0
  • Maintenance Repair: $1,500
  • Management: 0
  • Municipal Taxes: $1,122.51
  • School Taxes: $3,599.03
  • Total Taxes: $5,363.38
Property
Lot Information
  • APN: 640733978903001
  • Lot Size Source: Tax Records
  • Zoning Code: B1/R
Property and Assessments
  • County Assessment: $159,800.00
  • Features: Fire Escape
  • Property SubType Category: Apartment Style, Commercial
  • Square Footage Source: Tax Records
  • Year Built Exception: Unknown
Utilities
  • Cooling: No Air
  • Electric: 2172
  • Gas: $0
  • Sewer: Public
  • Water: Public
  • Water Sewer: 1500
Interior and Exterior Features
Exterior Features
  • Construction: Brick
Interior Features
  • Baths: Semi Modern
  • Heat: $1,523
  • Heat Type: Gas
Multi Family
Multi-Family Information
  • Gross Income: $42,600.00
  • Insurance: $2,592
  • Net Income: $34,645.00
  • Operating Expense: $7,955
  • Other Expenses: $0
  • Trash Removal: 0
  • Total Unit Count: 4
  • Total Units: 4

Property History for 342 Ridge Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 342 Ridge Avenue

This home is within Allentown City School District.
Rating
School
Type
Grades
Distance
Public - 1 to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Sheridan El School
Public1 to 5

Harrison-Morton Middle School
Public6 to 8

Louis E Dieruff 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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Similar Sold Homes

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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 Real Living Spectrum Real Est

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.