511 Park Street

Allentown, PA 18102

$235,000
Price
6
Beds
2
Baths
2,088 Sq. Ft.
$113 / Sq. Ft.
2,088
Sq. Ft.
$113
per Sq. Ft.

Description

Attention investors! Here's an incredible opportunity to add this 2 unit to your portfolio in Allentown. This investment property is currently rented until 2025 and is bringing in $2,506 per month in rental income. With tenants responsible for all utilities and expenses totaling $4,834, the property nets an impressive $25,735 annually. Priced competitively at $235,000, this investment offers a lucrative return. Take advantage of this chance to secure a reliable income stream with minimal hassle.Attention investors! Here's an incredible opportunity to add this 2 unit to your portfolio in Allentown. This investment property is currently rented until 2025 and is bringing in $2,506 per month in rental income. With tenants responsible for all utilities and expenses totaling $4,834, the property nets an impressive $25,735 annually. Priced competitively at $235,000, this investment offers a lucrative return. Take advantage of this chance to secure a reliable income stream with minimal hassle.
  1. Listed by Jennifer L. DeJesus • Steel City Realty

Property Details for 511 Park Street

Area
Allentown-Central
Sub division
Not in Development

Location

Listing Courtesy of Steel City Realty
Add your commute
LISTING UPDATED: 04/23/2024 08:35 AM

Property Details for 511 Park Street

StatusUnder Agreement
MLS #735993
Days on Market8
Taxes$2,190 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Row-End Unit
Year Built1891
Lot Size0.04 AC / 1,760 SF
CountyLehigh County

Location

Listing Courtesy of Steel City Realty
Add your commute

Building Information for 511 Park Street

Stories2Residences2Year Built1891Building Size-Lot Size0.04 AC / 1,760 SF

Payment Calculator

$1,465 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,282

Property Taxes

$183

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 511 Park Street

Summary
Location and General Information
  • Directions: Located in Allentown
  • School District: Allentown
Parking
  • ParkingSpaces: 0
Taxes and HOA Information
  • Association: Lehigh Valley MLS
  • County Taxes: $278.96
  • Lawn Snow Removal: $0
  • Maintenance Repair: $0
  • Management: 0
  • Municipal Taxes: $429.77
  • School Taxes: $1,481.49
  • Total Taxes: $2,190.22
Property
Lot Information
  • Acres: 0.04
  • APN: 640703314727001
  • Zoning Code: R-MH-MEDIUM HIGH DENSITY RESIDENTIAL
Property and Assessments
  • County Assessment: $73,800.00
  • Property SubType Category: Row-End Unit
  • Adult Comm 55 Over: No
Utilities
  • Cooling: No Air
  • Electric: 525
  • Gas: $0
  • Sewer: Public
  • Water: Public
  • Water Sewer: 0
Interior and Exterior Features
Exterior Features
  • Construction: Brick
Interior Features
  • Heat: $0
  • Heat Type: Baseboard, Electric
Multi Family
Multi-Family Information
  • Gross Income: $30,072.00
  • Insurance: $1,620
  • Net Income: $25,737.00
  • Operating Expense: $4,335
  • Other Expenses: $0
  • Trash Removal: 0
  • Total Unit Count: 2
  • Total Units: 2
Unit 2
  • Unit Total2 Bedrooms: 1
Unit 4
  • Unit Total4 Bedrooms: 1

Property History for 511 Park 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 511 Park Street

Taxable ValueLand$5,300Additions$68,500Total$73,800
Tax Record2024$2,380 ($198 / month)
Home Facts
Baths2Total Finished SqFt2,088 SqFtAbove Grade Finished SqFt2,088 SqFtStories3Lot Size1,760 SqFtStyleMulti-Family Res (5+ Units)Year Built1891ZoningR-MHCountyLEHIGHAPN640703314727-1

Schools near 511 Park Street

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
Cleveland El School
Public1 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

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

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 Steel City Realty

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.