UPDATED:
01/18/2025 05:38 PM
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 1,050 sqft
Price per Sqft $952
MLS Listing ID PALH2010916
Originating Board BRIGHT
Year Built 1945
Annual Tax Amount $8,273
Tax Year 2022
Lot Size 1,425 Sqft
Acres 0.03
Lot Dimensions 73.16 x 39.52
Property Description
The city has approved an additional 5th apartment for the ground floor of 207-209 along with a laundry room for all tenants to utilize (we planned on coin operated laundry). The building next door toe the left (211-213) is also a part of the property (2 buildings on one deed and one water line), and the city has approved this building for conversion into a side by side duplex, each unit will be a 2 bedroom one bathroom.
The existing 4 apartments (207-209) have mini split units for max efficiency with heating and cooling, 3 heads per apartment. There is no gas in the buildings, everything to operate off electricity. There have been extensive renovations to the building in recent years and now the final phase is ready to begin. All of the leg work has been completed with the city zoning departments and engineering plans, the construction is ready to begin. When the three new units are built out, you will have a portfolio addition of 7 doors, 4 of which are already operating. Engineering plans will be provided to the buyer to use and submit for building permits on the remaining 3 apartments.
The ground floor (5th unit) was zoned commercial, that has been changed and approved to residential. The same goes for 211-213, it has now been approved for residential dwellings, no longer commercial.
Location
State PA
County Lehigh
Area Allentown City (12302)
Zoning R-MH
Interior
Hot Water Electric
Cooling Ductless/Mini-Split
Flooring Hardwood
Inclusions 4 Units completed with leases and tenants in place
Heat Source Electric
Exterior
Water Access N
Roof Type Flat,Pitched,Rubber
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Allentown
Others
Tax ID 640732767976-00001
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
