40 North 8th Street

Allentown, PA 18101

$360,000
Last Sold Price
5
Beds
5
Baths
3,372 Sq. Ft.
$107 / Sq. Ft.
3,372
Sq. Ft.
$107
per Sq. Ft.

Description

Great investment property within the NIZ district. Good cash flow now and future growth in middle of activity and DiVinci Science center planned location. New rubber roof this year. Always fully occupied building. This is a good return on investment now with good growth opportunity as well. Take a look at this solid brick building today. Mostly on street parking but there is a right of way to a parking spot or two in rear of building. Recent City inspection with repairs completed but waiting on reinspection...Great investment property within the NIZ district. Good cash flow now and future growth in middle of activity and DiVinci Science center planned location. New rubber roof this year. Always fully occupied building. This is a good return on investment now with good growth opportunity as well. Take a look at this solid brick building today. Mostly on street parking but there is a right of way to a parking spot or two in rear of building. Recent City inspection with repairs completed but waiting on reinspection from Covid delay. Seller will respond best to “as is” purchase without doing anymore inspection work.
  1. Listed by Doug Frederick • HowardHanna TheFrederickGroup

Property Details for 40 North 8th Street

Area
Allentown-Central
Sub division
Not in Development

Location

Listing Courtesy of HowardHanna TheFrederickGroup

Sold By NON MBR Office

Add your commute
LISTING UPDATED: 09/03/2020 03:42 PM

Property Details for 40 North 8th Street

StatusSold & Settled
MLS #639641
Days on Market5
Taxes$5,237 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Converted
Year Built1900
Lot Size0.06 AC / 2,657 SF
CountyLehigh County

Location

Listing Courtesy of HowardHanna TheFrederickGroup

Sold By NON MBR Office

Add your commute

Building Information for 40 North 8th Street

Stories3Residences5Year Built1900Building Size-Lot Size0.06 AC / 2,657 SF

Payment Calculator

$2,401 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,965

Property Taxes

$436

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 40 North 8th Street

Summary
Location and General Information
  • Directions: From 8th and Hamilton, north on 8th St. property on left.
  • School District: Allentown
Parking
  • Parking: Paved Lot
  • ParkingSpaces: 2
Taxes and HOA Information
  • Association: Lehigh Valley MLS
  • County Taxes: $631.18
  • Lawn Snow Removal: $0
  • Maintenance Repair: $0
  • Management: 0
  • Municipal Taxes: $1,125.19
  • School Taxes: $3,480.90
  • Total Taxes: $5,237.27
Property
Lot Information
  • Acres: 0.061
  • APN: 640700258982001
  • Zoning Code: B-2
Property and Assessments
  • County Assessment: $173,400.00
  • Features: Fire Escape
  • Property SubType Category: Converted
  • Technology: Smk Detector Battery
Utilities
  • Cooling: No Air
  • Electric: 1739
  • Gas: $452
  • Sewer: Public
  • Water: Public
  • Water Sewer: 1457
Interior and Exterior Features
Exterior Features
  • Construction: Brick
Interior Features
  • Baths: Semi Modern
  • Heat: $3,400
  • Heat Type: Oil
Multi Family
Multi-Family Information
  • Gross Income: $48,120.00
  • Insurance: $1,072
  • Net Income: $40,000.00
  • Operating Expense: $8,120
  • Other Expenses: $0
  • Trash Removal: 0
  • Total Unit Count: 5
  • Total Units: 5
Unit 1
  • Unit Total1 Bedroom: 5

Property History for 40 North 8th 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 40 North 8th Street

Taxable ValueLand$18,500Additions$154,900Total$173,400
Tax Record2019$5,237 ($436 / month)
Home Facts
Baths5Total Finished SqFt3,372 SqFtAbove Grade Finished SqFt3,372 SqFtStories3Lot Size2,640 SqFtStyleMulti-Family Res (5+ Units)Year Built1900ZoningB-2CountyLEHIGHAPN640700258982-1

Schools near 40 North 8th 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
Jefferson El School
PublicK to 5

South Mountain 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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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 HowardHanna TheFrederickGroup

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.