116 S Main St

$500,000
Last Sold Price
7
Beds
2,592 Sq. Ft.
$193 / Sq. Ft.
2,592
Sq. Ft.
$193
per Sq. Ft.

Description

This versatile investment property includes 4 nice apartments and the profitable Tavern Pizza shop. The apartments are comfortable and modern, with tenants that love it there. Air conditioning is a big plus and everyone has their own entrance. Parking is off and on street, no grass to mow, small town atmosphere, plenty of shopping, medical facilities and entertainments in nearby Macungie and Trexlertown. No same day showings as tenants need adequate notice. This property has had a home inspection...This versatile investment property includes 4 nice apartments and the profitable Tavern Pizza shop. The apartments are comfortable and modern, with tenants that love it there. Air conditioning is a big plus and everyone has their own entrance. Parking is off and on street, no grass to mow, small town atmosphere, plenty of shopping, medical facilities and entertainments in nearby Macungie and Trexlertown. No same day showings as tenants need adequate notice. This property has had a home inspection and bank appraisal done by previous buyer. All ready to go.
  1. Listed by Will Nesbitt • Better Homes&Gardens RE Valley
    P: (610)-972-4205 C: (610)-972-4205 will@willnesbitt.com
  2. Listed by Tom Huzela • Better Homes&Gardens RE Valley
    P: (610)-390-1433 C: (610)-390-1433 thomashuzela@hotmail.com

Property Details for 116 South Main Street

Subdivision Name
Not in Development
LISTING UPDATED: 03/28/2023 12:58 PM

Property Details for 116 South Main Street

StatusClosed
MLS #690444
Days on Market148
Taxes$3,640 / year
HOA Fees-
Condo/Co-op Fees$4,000 semi-monthly
Compass TypeNon-Residential
MLS Type-
Year Built1864
Lot Size0.12 AC / 5,327 SF
CountyLehigh County

Location

Listing Courtesy of Better Homes&Gardens RE Valley

Sold By Better Homes&Gardens RE Valley

Add your commute

Building Information for 116 South Main Street

Stories2Residences5Year Built1864Lot Size0.12 AC / 5,327 SF

Payment Calculator

$10,923 per month

30 year fixed, 6.845% Interest

Principal and Interest

$2,620

Property Taxes

$303

HOA Dues

$8,000

The Payment Calculator is for illustrative purposes only.

Property Information for 116 South Main Street

Summary
Location and General Information
  • Country Subdivision: 42077
  • Directions: South on Spring Creek Rd, cross tracks in Alburtis. Park behind or on street.
  • Latitude: 40.511423
  • Longitude: -75.604124
  • MLS Area Major: Alburtis
  • Zoning: C-1-COMMERCIAL
Taxes and HOA
  • Parcel Number: 546356125449001
  • Tax Annual Amount: $3,640
  • Tax Assessed Value: $133,400
School Information
  • Elementary School District: East Penn
  • High School District: East Penn
  • Middle Or Junior School District: East Penn
Parking
  • Parking Total: 4.0
Property
Lot Information
  • Living Area: 2592.0
  • Lot Size Acres: 0.122
  • Lot Size Area: 5327.0
  • Lot Size Square Feet: 5327.0
Property and Assessments
  • Year Built: 1864
Interior and Exterior Features
Interior Features
  • Bathrooms Full: 4
  • Bathrooms Total Integer: 4
  • Bedrooms Total: 7
  • Cooling: Yes
  • Heating: Yes
  • Stories Total: 2
Mobile Home
Mobile Home Information
  • Human Modified: No
Multi Family
Multi Family Innformationn
  • Number Of Units Total: 5
Income & Expenses
  • Electric Expense: $500.00
  • Fuel Expense: $1.00
  • Gardener Expense: $1.00
  • Gross Income: $67,320
  • Insurance Expense: $1,800.00
  • Maintenance Expense: $4,000.00
  • Net Operating Income: $54,660
  • Operating Expense: $12,660.00
  • Other Expense: $1.00
  • Professional Management Expense: $1.00
  • Trash Expense: $1.00
  • Water Sewer Expense: $1.00
Unit Information
Unit 3
  • Unit Type Actual Rent Range: 1
  • Unit Type Area: 1.0
  • Unit Type Area Units: Efficiency
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Actual Rent: $3.00
  • Unit Type Num Full Baths: 995
Unit 5
  • Unit Type Unit Num: 1
  • Unit Type Lease Expires: 12-31-1969 07:00:01 PM

Property History for 116 South Main Street

DateEvent & SourcePriceAppreciation
Jan 13, 2023

Closed (Public Record)

Public Record #1504195621

$500,000

+23.4% / yr

Jan 13, 2023

Closed

GLVRMLS #690444

$500,000
Aug 30, 2022

Pending

GLVRMLS #690444

Apr 4, 2022

Listed (Active)

GLVRMLS #690444

$599,900
Sep 20, 2017

Expired

GLVRMLS #558394

$995
Sep 20, 2017

Listed (Active)

GLVRMLS #558394

$995
Dec 21, 2016

Closed (Public Record)

Public Record #585716917

$140,087

+31.0% / yr

Sep 22, 2015

Closed (Public Record)

Public Record #557203223

$100,000
Sep 22, 2015

Closed (Public Record)

Public Record #557203223

$100,000
Jun 29, 2015

Closed

BRIGHT #1002570886

$125,000
Jun 29, 2015

Closed

GLVRMLS #492717

$125,000
May 4, 2015

Pending

BRIGHT #1002570886

May 3, 2015

Pending

GLVRMLS #492717

Apr 7, 2015

Listed (Active)

BRIGHT #1002570886

$134,900
Apr 7, 2015

Listed (Active)

GLVRMLS #492717

$134,900
Oct 31, 2014

Expired

GLVRMLS #471424

$134,900
May 4, 2014

Listed (Active)

GLVRMLS #471424

$144,900
Jul 27, 2001

Closed

GLVRMLS #92287

$98,500
Jun 4, 2001

Pending

GLVRMLS #92287

Jan 10, 2001

Listed (Active)

GLVRMLS #92287

$98,500
DateEvent & SourcePrice
01/13/2023

Closed (Public Record)

Public Record #1504195621

$500,000

+23.4% / yr

01/13/2023

Closed

GLVRMLS #690444

$500,000
08/30/2022

Pending

GLVRMLS #690444

04/04/2022

Listed (Active)

GLVRMLS #690444

$599,900
09/20/2017

Expired

GLVRMLS #558394

$995
09/20/2017

Listed (Active)

GLVRMLS #558394

$995
12/21/2016

Closed (Public Record)

Public Record #585716917

$140,087

+31.0% / yr

09/22/2015

Closed (Public Record)

Public Record #557203223

$100,000
09/22/2015

Closed (Public Record)

Public Record #557203223

$100,000
06/29/2015

Closed

BRIGHT #1002570886

$125,000
06/29/2015

Closed

GLVRMLS #492717

$125,000
05/04/2015

Pending

BRIGHT #1002570886

05/03/2015

Pending

GLVRMLS #492717

04/07/2015

Listed (Active)

BRIGHT #1002570886

$134,900
04/07/2015

Listed (Active)

GLVRMLS #492717

$134,900
10/31/2014

Expired

GLVRMLS #471424

$134,900
05/04/2014

Listed (Active)

GLVRMLS #471424

$144,900
07/27/2001

Closed

GLVRMLS #92287

$98,500
06/04/2001

Pending

GLVRMLS #92287

01/10/2001

Listed (Active)

GLVRMLS #92287

$98,500

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

Public Records for 116 South Main Street

Taxable ValueLand$18,400Additions$300,000Total$318,400
Tax Record2025$9,348 ($779 / month)
Home Facts
Baths2Total Finished SqFt1,869 SqFtAbove Grade Finished SqFt1,869 SqFtStories3Lot Size5,328 SqFtStyleOffice BuildingYear Built1875ZoningC-1CountyLEHIGHAPN546356125449-1Fireplace TypeHas Fireplace

Schools near 116 South Main Street

This home is within East Penn School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Alburtis El School
PublicK to 5

Lower Macungie Middle School
Public6 to 8

Emmaus High School
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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Listing Courtesy of Better Homes&Gardens RE Valley

Based on information from one of the following Multiple Listing Services: BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association 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, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association 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.